This is crazy of course stocks are down RIGHT NOW but:
1. Not all 401K’s are in stocks, they can be in a variety of investments.
2. Over time the market comes back, duh. I wish I was making heavy 401K contributions now.
Fing up the system at a moment when stocks are low is just insane.
Since when is anything the politicians do actually sane? All they see is a cash cow, and they don’t care if they kill it in the process of trying to milk it dry. Besides, business is the enemy of the worker, don’cha know. “The profits of Exxon Mobile belong to all of YOU!” Crowd: “More pie! More pie!”