Skip to comments.
Obama to launch government-backed retirement savings program
Yahoo Finance ^
Posted on 01/29/2014 3:12:07 AM PST by Red in Blue PA
click here to read article
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-80 ... 101-102 next last
To: Red in Blue PA
I thought the gov’t had a lot of debt...
I must be mistaken...
41
posted on
01/29/2014 4:50:20 AM PST
by
ltc8k6
To: Red in Blue PA
Uncle Sugar take your money and invest it with a decent return and no risk of loss, eh
Kinda like the guarantees made to those of you 30-somethings paying into social security
42
posted on
01/29/2014 4:56:33 AM PST
by
silverleaf
(Age takes a toll: Please have exact change)
To: Westbrook
“Uh. whats wrong with 401K and other investment vehicles”
they rasist because the fo’ks don’t have them, only the “rich” have 401K and IRA (leftover money they can save) because their taxes too low, because there no opportunity for the hard workin’ middle class, income not distributed fair, need government program to do that
yada yada yada
read the democrat party manifesto
43
posted on
01/29/2014 5:02:03 AM PST
by
silverleaf
(Age takes a toll: Please have exact change)
To: Red in Blue PA
"MyRA guarantees a decent return with no risk of losing what you put in," President Barack Obama said in introducing the program on Tuesday night in his State of the Union Speech. It wouldn't be an Obastard proposal if it didn't have a slippery word in it. "I decided that 0.01% return is 'decent'!" I'll bet that return will be a sliding scale, dependent on how much of your money they have. Can't have inequality or outcome, you know.
44
posted on
01/29/2014 5:04:12 AM PST
by
Cyber Liberty
(H.L. Mencken: "The urge to save humanity is almost always a false front for the urge to rule.")
To: glorgau
“MyRA guarantees a decent return with no risk of losing what you put in,”
It would be illegal for any fund prospectus to say this. It is impossible to guarantee a return and promise no risk.
Sounds like another Ponzi scheme. By the way, he did not define what a “decent return” is. I would not call today's rates on bonds a “decent return”.
45
posted on
01/29/2014 5:08:25 AM PST
by
MRadtke
(Light a candle or curse the darkness?)
To: Justa
This is exactly whats going on, there are trillions sitting in 401ks and this is the beginning steps to pull those in,
To: Red in Blue PA
They already offer savings bonds - why would anybody need/want this? Particularly when they’re backed by....
... nothing!
47
posted on
01/29/2014 5:13:54 AM PST
by
meyer
(Who needs gas chambers when you have Obamacare?)
To: meyer
How long before they are mandating it?
48
posted on
01/29/2014 5:14:49 AM PST
by
GeronL
(Vote for Conservatives not for Republicans!)
To: Westbrook
What’s wrong with those others?
Why, YOU have control of them, that’s what’s wrong with them.
Seriously, that IS what they see as WRONG with them.
What to watch for now is that at first it will be voluntary,
then it will be required.
49
posted on
01/29/2014 5:16:47 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: Justa
People should examine their 401ks to see if there is a true “cash option” anymore.
Many providers have been pressured into removing the cash option and replacing it with Tbills or government bonds as the “safest” vehicle available.
This is a backdoor into the gov’t using your 401k to fund its operations.
50
posted on
01/29/2014 5:18:18 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: MrB
And when it’s mandated you will be subsidizing the plans of the “poor” too
51
posted on
01/29/2014 5:18:25 AM PST
by
GeronL
(Vote for Conservatives not for Republicans!)
To: Atlas Sneezed
Same thing that’s happening to our savings today.
Notice the 48 oz “half gallon” of ice cream that has appeared in the last few years? Or the 12 oz pint / pound?
52
posted on
01/29/2014 5:19:44 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: Red in Blue PA
He's laying the groundwork for confiscating 401(k)'s and moving to the government-run Guaranteed Retirement Account put forth by Columbia professor Theresa Ghilarducci:
Guaranteed Retirement Accounts
53
posted on
01/29/2014 5:19:49 AM PST
by
Dahoser
(Separation of church and state? No, we need separation of media and state.)
To: Eepsy
“...In 2010 the government started automatically enrolling new employees....”
No. Not new employees getting started. That’s no big deal and some private firms do the same thing as you alluded. They supposedly did this to employees that have been there a long time and have built up a tidy little amount. Here recently, they supposedly just went in and moved all their money out of the C Funds, I Funds, etc. and moved it over to the G Fund!!! They also changed their future contribution allocations from whatever they had previously elected over to the G Fund only. They moved their money and allocation choices without even notifying them.
54
posted on
01/29/2014 5:20:38 AM PST
by
lgjhn23
(It's easy to be liberal when you're dumber than a box of rocks.)
To: Westbrook
"whats wrong with 401K and other investment vehicles?""If you like your 401K, you can keep your 401K"
55
posted on
01/29/2014 5:20:42 AM PST
by
norwaypinesavage
(Galileo: In science, the authority of a thousand is not worth the humble reasoning of one individual)
To: GeronL
ie, de facto REPARATIONS.
56
posted on
01/29/2014 5:21:00 AM PST
by
MrB
(The difference between a Humanist and a Satanist - the latter admits whom he's working for)
To: Red in Blue PA
Oh BOY! Let’s create another pool of money (see SS) that allows the government and lawyers to pilfer from productive citizens! FUBO and every last moron, alive or dead, who voted for this communist joke.
57
posted on
01/29/2014 5:21:25 AM PST
by
Mich Patriot
(PITCH BLACK is the new "transparent")
To: Red in Blue PA
Tell you what kids...let me help you pile all your money over here and that way when you come back for it, it will all be there..!! HA! And THAT from a KNOWN thief and liar...!
58
posted on
01/29/2014 5:28:33 AM PST
by
unread
To: Red in Blue PA
This proposal is just the prattling of a failed president desperate to find anything to bring his polling numbers up
59
posted on
01/29/2014 5:30:34 AM PST
by
LMAO
("Begging hands and Bleeding hearts will only cry out for more"...Anthem from Rush)
To: Red in Blue PA
Everyone knows this will be as solvent as social security after years of government control...
Oh wait. Never mind.
Remember the grief Bush got for wanting workers put money into managed savings account?
60
posted on
01/29/2014 5:35:42 AM PST
by
Arrowhead1952
(The Second Amendment is NOT about the right to hunt. It IS a right to shoot tyrants.)
Navigation: use the links below to view more comments.
first previous 1-20, 21-40, 41-60, 61-80 ... 101-102 next last
Disclaimer:
Opinions posted on Free Republic are those of the individual
posters and do not necessarily represent the opinion of Free Republic or its
management. All materials posted herein are protected by copyright law and the
exemption for fair use of copyrighted works.
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson