[Paladin2]

0bama, the TOTUS of “not”.

[ClearCase_guy]

And the term MyRA is already in use by a South Dakota financial services company so, in a just world, Obama will not be able to use that name for his new boondoggle. How embarrassing for him — unless he does the fascist thing and just uses the term anyway.

[Sacajaweau]

Sure...we’re going to give the government an additional opportunity to confiscate our savings.

[Fzob]

Other than the government gets to use your money rather than a bank how is this MyRA different than a bank savings account?

[Sirius Lee]

“Did I say MyRA? I meant ‘OurRA’. You didn’t build that, so you don’t get to keep it.”

[Tench_Coxe]

Its just to put the initial structure in place. Then between the GOPe and Democrats, legislation will make this structure "legit". Unchallenged, the same characters will then make it mandatory.
There are those floating around Washington that are very eager to get their dirty claws on all that money sitting in private retirement accounts.

[DJ Frisat]

“Workers can contribute through automatic deductions…”

Oh, joy. Lemme see, what else do we 'contribute' to through automatic deductions? Withholding, FICA, Medicare. our wonderful 'voluntary' income tax system.

Can't wait...

[InterceptPoint]

” ... (My kingdom for a sarcasm font.)”

---

LOL. Now there we have true artistry in writing. Freepers everywhere are in universal need of such a font. It would be invaluable on this forum. Hours and hours would be saved each day.

[Senator_Blutarski]

The Administration’s push to portray some gimmicky treasury bond as the solution to America’s retirement woes, only highlights the White House’s comically incompetent leadership on fiscal issues.

Gee Mr. President, did you think of this all by yourself? Or did you assemble all of the best liberal strategists in the country and hash this out as a team?

In baseball they call this playing "small ball".

[Mr. K]

I have not heard this question asked yet- I can’t believe it hasn’t so let me know if I have missed it, but...

Does ‘MyRA’ money go into the general fund and get spent? Like Social Security?

Is that what makes it different than the current LEGAL ‘IRA’ accounts? (that the government has been dying to get its hands on....)

[sportutegrl]

Am I supposed to be excited that the Treasury Department will allow me to “invest” with the same technological tools that allow me to subscribe to Netflix?

You'd be better off investing in Netflix, (NFLX). I bought it in MY (Roth) IRA at $50/share. Beat that MyRA.

[HotKat]

Wow! (My kingdom for a sarcasm font.) I’m thinking of changing my tag line.

[Da Coyote]

If the critters in DC want CW-II, grabbing our IRAs will most certainly suffice.

Bring it, Obamaholes, and prepare to perpetually watch your six.

[Lurkina.n.Learnin]

I’m willing to bet you could go to Dean Whitter, Morgan Stanly or any number of financial entities and set up an IRA that is automatically funded through your checking account with monthly deductions.. You would also have the added benefit of having more options of investment vehicles.

[BenLurkin]

My money held by DC for my later use in retirement?

Isn’t that called “Social Security”

[Lou L]

Is it just me, or does the “MyRA” sound like another “semi-optional” social security tax?

[Lou L]

If Obama can dupe or coerce people to pay more for health insurance but get less coverage, does anyone think it’ll be long before he can convince people that “investing” in government bonds paying little to nothing, is also a good thing?

[depressed in 06]

“MyRAs are backed by the full faith and credit of the United States Government.”

You turn over your real dollars to us, and, we give you fake dollars in the future.