Zagger signed up on 2011-06-03.
RitchieAprile signed up on 2011-06-22
I start to get suspicious real fast when I see people who signed up fairly recently coming across with the ad-hominum attacks on a poster.
Now I understand that Blogs are notorious for poor writing, but in this case this is not the first nor will it be the last post on the topic of the Feds eying the 401k’s or IRA’s. And that too is understandable, there is a lot of liquid assets there that the Feds could REALLY use right now for Social Security and the budget deficits as well as the national debt.
A different poster put up information from a national financial source that stated there was almost 5.5 Trillion bucks in the 401k’s and IRA’s. Add on the various pension plans and that moves up to 16.5 Trillion or more. It doesn’t take a Rocket Scientist to see that and be concerned that the Fed’s are interested in those funds.
“I start to get suspicious real fast when I see people who signed up fairly recently coming across with the ad-hominum attacks on a poster”
What are you suspicious of?
From Wikipedia: “An ad hominem (Latin for “to the man”), short for argumentum ad hominem, is an argument made personally against an opponent, instead of against the opponent’s argument.” I didn’t say anything about the writer in my comment so maybe you should keep your ad hominem “suspicions” to yourself.
I said the posting was poorly written scare mongering. I simply pointed out that the writer is obviously confused on the social security “trust fund” since it is already administered by the federal government and already holds US treasury bonds. I’m guessing that he meant to write about 401k and IRA accounts, but that isn’t what he wrote.
I totally agree with the underlying fear but with the current mix in congress I doubt that the votes are there to steal everyone’s private pension savings. Maybe after another and larger financial meltdown all the cry babies who cannot manage their money properly will demand to be saved by the federal government, who knows.