Posted on 03/27/2012 2:29:30 AM PDT by abb
Death of the private retirement fund. Get out of the peoples business and let private companies guide people toward investments. Union plans are a ponzi scheme. The government who gives you something has the same right to take it away from you. You can watch your balance grow....but you cannot touch it........LOL!
401(k) Foe Teresa Ghilarducci, the Most Dangerous Woman in America
The New School of Social Research tells me all I need to know. I’ve been reading about her ideas for years..and they will cause me to take up arms if they even try. Hands off my 401K, madam.
oh please spare me
one needs only to look at the mismanagement of state pension funds to get an idea of what will happen should states be given conservatorship
specific reference: Calibrokeifornia
Exactly. They have done so well in managing their pension systems I want them to run mine.
Geeez.
http://www.nytimes.com/2012/03/16/opinion/pension-funds-for-the-public.html
Op-Ed Contributor
Dont Cut Pensions, Expand Them
By TERESA GHILARDUCCI
Published: March 15, 2012
Yes New School (the Bob Kerry hangout) is a nothing more than a RAT think tank masquerading as a university. Tells us all we need to know.
Does this mean that we will all be able to retire at age 40, with 80-100% of our peak salary coming to us for the rest of our lives? Is that the model that will be put in place?
And at no cost to anybody, it’ll all be free. Along with free health care, free Day Care, Early Childhood, Head Start, K-12 and college education. Reduced cost mortgages, whether you can afford them or not, subsidized solar electricity and 100 mpg hybrid cars. All free, free, free! Free Bubble-Up and Rainbow Stew, as well. Heck, we’re borrowing the money, so no one has to pay. Let’s get it all!
Governments are financial wizards in the same way they are efficiency and cost-cutting wizards. They’re not.
Thanks,
I was looking for a video of this woman but I couldn’t remember her name.
New School is a Commie School, nothing more, nothing less.
That's enough reading to know this is another bolshevik grab for control.
All I ever wanted was a free pony but I learned a long time ago that I'm the guy who buys free ponies for others.
And the 401K is a similar thing. It will collapse once enough people hit retirement. Hate to say it, but we are made to work till we can't, not have a second adolescence.
or to put all that into easy to digest sound byte form...
THEY ARE GONNA STEAL YOUR 401K TO PROP-UP FAILING UNION PENSION FUNDS, AND MAKE IT LOOK AS IF THEY ARE DOING YOU A FAVOR IN THE PROCESS.
hey, they severely restricted your ability to take 401K hardship withdrawls last year.
Methinks they did so for a reason.
what did they change?
That's worked SOOOOOO well here in Illinois.
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