This is great! I know it’s a tape, but TGO is eviscerating this Marxist bitch. Need the audio for some of my Obama zombie acquaintances.
Mark posted this interview on Facebook earlier today.
Have the sound down and missed it. I’ll have to listen to the podcast later.
“This is great! I know its a tape, but TGO is eviscerating this Marxist bitch. Need the audio for some of my Obama zombie acquaintances.”
Mark: “I don’t know about you, but I am finding myself very entertaining in this interview.”
Rush talking about TIME mag article by Teresa Ghilarducci (no link)
401Ks and IRAs only benefit the top 20%. Thats not fair.
The 401(k) Is a $240 Billion Waste
Suddenly within 24 hours three articles appeared in the NYT, Atlantic Monthly, and Time discussing a Danish “study” about the tax breaks for the 401K plan. Naturally they all discussed whether the government should abolish the tax break for them. What was it they said about never wasting a crisis?
One of the earliest fears about tax-favored savings accounts like IRAs and 401(k) plans was that when this pool of savings grew large enough Congress would not be able to resist tapping it to help solve the nations debt problems. Were about to find out if those fearspersistent for decadeshave been justified.
Everything including the sacred mortgage deduction is on the table as lawmakers wrestle with the fiscal cliff, a year-end avalanche of scheduled spending cuts and tax increases. With a combined $10 trillion sitting in IRAs and 401(k) plans, retirement accounts make a juicy target. Some of this money has never been taxed, and under current law never will be.