[Debi911]

Exactly! But I still think there are so many things the Governor could cut, we have so much welfare fraud, so many depts that we don't need.

Govt in Michigan needs to be leaner, and butt out of our wallets. We already pay enough.

What I don't understand is the diff in taxation on 401k’s and pensions. Personally I think when you finally become a senior after working all of your life, and paying taxes, the govt should get none of that money. But 401k’s are taxed once you start taking from it.

So this just confuses me to no end. One is company paid (pensions) and one is self sacrifice (401k). Why are they any more special?

[CSM]

“So this just confuses me to no end. One is company paid (pensions) and one is self sacrifice (401k). Why are they any more special?”

I have the same questions and the only answer that I can come up with is that pensions are generally what union members have as a retirement plan and 401K’s are generally white collar workers...at least historically. Now, I think that it is mostly limited to the UAW and gov’t workers....