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Ghilarducci interviewed on plan to socialize 401(k) plans (instant Mark Levin classic)
MarkLevinFan.com ^
| October 27, 2008
| Sgt Tim
Posted on 10/28/2008 3:37:05 AM PDT by Sergeant Tim
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Dr. Ghilarducci is affable yet foolish. Her plan socializes private pensions for the middle class and kicks an even bigger Social Security can down the same road. 50k at 55 gets you an extra $500 a month at retirment, adjusted for inflation during part one. In part two, you pay extra to get Social Security plus but at a low, fixed rate of growth, backed by the full faith and credit of the United States. The government will throw you back a slightly bigger bone (the one your hard work dug up and you faithfully brought to them) and each annual increase for inflation will also likely get sucked up by ever increasing Mediacre co-pays. How comforting
not.
Franks and company would love to see that initial rush of converted 401(ks) come in. Theyd run to the nearest microphone and claim, Look! We saved Social Security! but Congress would spend those funds now. (Change comes with a hefty price tag). The burden on workers paying for retired baby boomers would accelerate in a few years. When the Social Security and Medicare bubbles burst, they will make the Fannie and Freddie bailout look like chump change.
To: Just Lori; TheForceOfOne; SilvieWaldorfMD; Tennessee Nana; ThreePuttinDude; eastsider; del4hope; ..
2
posted on
10/28/2008 3:37:43 AM PDT
by
Sergeant Tim
(In the War on Terror, there is no place to run from here.)
To: Sergeant Tim
To: Sergeant Tim
I wish Levin had had another ten minutes to complete the job of taking this woman apart completely.
4
posted on
10/28/2008 3:47:13 AM PDT
by
Peter W. Kessler
(Dirt is for racing... asphalt is for getting there.)
To: Sergeant Tim
5
posted on
10/28/2008 3:49:35 AM PDT
by
Arthur Wildfire! March
(We can win the economic meltdown debate: http://www.freerepublic.com/focus/news/2115485/posts)
To: Sergeant Tim
The annuity ends when you die. The 401K fund doesn’t.
To: Sergeant Tim
Teresa Ghilarducci
To: listenhillary
I think it would have a big impact on this race if McCain were to get endorsed by Suze Orman. She has already said she does not like the sound of proposed tax increases. She tells her viewers and fans how to save and make money, not lose it. Although I don’t think she is a conservative, Suze wants to see Americans prosper and make money, not have it taxed away. I think the McCain camp ought to seek her endorsement.
I was surprised on one show when Suze said she favored a flat tax too. Sounds more Republican than Democrat to me!
8
posted on
10/28/2008 4:10:03 AM PDT
by
TNCMAXQ
To: Sergeant Tim
It's one thing to throw around these socialist, anti-capitalist ideas amoung academia. It's a totally different thing for an extreme, vile, arrogant, poofter congressman to actually be considering socializing free market ideas which have been tested and tried, because of ONE downturn his ilk caused?!. Someone need to tell greasy lips, if you would have stuck your money in a bank savings account people would have more money to retire on today than they do social security!
For goodness sakes people we had a bloody revolution for much less than what is happening in this great country today!
9
posted on
10/28/2008 4:10:46 AM PDT
by
sirchtruth
(Vote Conservative Repuplican!!)
To: Sergeant Tim
That was hilarious. Classic Levin indeed! Thanks for posting!
10
posted on
10/28/2008 4:12:51 AM PDT
by
rightwingintelligentsia
(Jim DeMint: "If you took the name off the top, the Senate could pass the Communist Manifesto.")
To: Sergeant Tim
Thanx for the ping Tim - I heard the interview last night.
Mark rolled her real good.
11
posted on
10/28/2008 4:12:51 AM PDT
by
WorkerbeeCitizen
(An inadequately policed Conservative)
To: listenhillary
"The annuity ends when you die. The 401K fund doesnt401(k) funds don't die so Congress wants to kill them, actually kill the deferred tax break that helped create a senior middle-class.
Aha! Those old folks were getting mighty uppity. And if middle-class younger folks were allowed to keep thinking their financial futures did not solely depend upon government, they might start voting for conservative government that believes in the free market.
12
posted on
10/28/2008 4:13:47 AM PDT
by
Sergeant Tim
(In the War on Terror, there is no place to run from here.)
To: TNCMAXQ; Sean Hannity
I think it would make a bigger impact on the race if they ran commercials asking if B.O. supported seizing 401K funds.
Also nail down if B.O. will go on record regarding the Bush tax cuts. Will they be allowed to expire? Yes or no?
To: sirchtruth
For goodness sakes people we had a bloody revolution for much less than what is happening in this great country today!And we'd better start talking revolution again. Put a bug in the ears of the socialists that we, the people, will NOT tolerate theft of our earnings.
14
posted on
10/28/2008 4:20:46 AM PDT
by
meyer
(The second amendment is NOT about hunting)
To: listenhillary
To: meyer
And we'd better start talking revolution again. Put a bug in the ears of the socialists that we, the people, will NOT tolerate theft of our earnings. Spot on!
16
posted on
10/28/2008 4:30:37 AM PDT
by
Thermalseeker
(Silence is not always a Sign of Wisdom, but Babbling is ever a Mark of Folly. - B. Franklin)
To: Sergeant Tim
When the Social Security and Medicare bubbles burst, they will make the Fannie and Freddie bailout look like chump change. When the Social Security and Medicare bubbles burst, the up-and-coming generations -- who learned that respect for life is nothing -- will gleefully practice euthanasia on their parents, and harvest them for organs.
And the current crop of boomers -- who started the love of death culture in 1973 and kept it going at all costs -- will have the nerve to look surprised. "All of that 'might makes right' was only meant to apply while *we* were on top!" they will squeal.
No cheers, unfortunately.
17
posted on
10/28/2008 4:39:57 AM PDT
by
grey_whiskers
(The opinions are solely those of the author and are subject to change without notice.)
To: Sergeant Tim
This makes me happy I graduated from The New School. /s
18
posted on
10/28/2008 4:53:23 AM PDT
by
zkbeta51
To: Sergeant Tim
What I don’t like about 401K accounts is that the taxes are deferred until you withdrawl the money. You are betting that the tax rates will be the same or lower at retirement. With the govt going more and more socialist, you can bet the tax rates that you will be paying on the withdrawls will be a lot higher than today. I would rather pay the taxes on the money now and let my fund grow and not have the proceeds taxed at all on retirement.
19
posted on
10/28/2008 4:58:51 AM PDT
by
LetsRok
To: LetsRok
I would rather pay the taxes on the money now and let my fund grow and not have the proceeds taxed at all on retirement. So what's to stop them from taxing them again at withdrawal? Because they said so?
20
posted on
10/28/2008 5:03:25 AM PDT
by
abb
("What ISN'T in the news is often more important than what IS." Ed Biersmith, 1942 -)
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