[Libloather]

Experts estimate that it would cover 40 million...

There's that number again.

[RockinRight]

I’m all for it!

Oh, but before you do that, eliminate Social(ist) Security first so these employers can put that 6% into it...wait...you won’t do that...?

[KarlInOhio]

So what are the tax rules on these new accounts? Tax deferred now but taxable on withdrawl like 401ks? Will they be vulnerable to the threats of early taxation like the Dems were talking about a few months ago?

invest it very conservatively, in inflation-indexed savings bonds,

Hey, get a 0% return.

money market mutual funds

Oooo, skyrocket up to 0.1% if you're lucky.

[repubpub]

“It would require companies with 10 or more workers that have been in business for at least two years to participate.”

Watch, a lot of these small business’ that have 10 or more will layoff to get down to 9 employees and then hire a bunch of temps.

[Venturer]

There you people go again. Asking pertinent questions Obama doesnt have an answer for.

[Auntie Dem]

I work for a county government run by a democrat mayor and majority democrat council. They just eliminated the county’s 3% contribution to our 401(k) plan because of a budget squeeze caused by 0bama’s economy.

Will The One require his rat buddies to restore our 401(k)?

I didn’t think so.

[BusterBear]

Wasn’t there a proposal a while ago that the government should take over all the IRA money (to “protect” the “naive,” “ignorant” people from the ravages of “greedy” investment managers)?

What a windfall for the government if everyone was forced to have an IRA and then the government took it all over.

[P-Marlowe]

Ok, I've got a copy of the Constitution handy. Where in the Constitution is there a power delegated to the Federal Government to require employers in the various states to offer 401k's or IRA's to their employees?

[11th Commandment]

Again these fascist think they can legislate every problem away. I am a firm believer in saving in 401k’s and encourage owners to set up plans. However, most employees of small business do not participate by choice (get lib would for abortion, but meaningless for economics). To force people to save is nothing more than tyranny.

[Lancey Howard]

LOL, Ubama the scumbag wants to privatize social security through the back door!