Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration.It's my friggin' money. Don't nobody tell me what to do with it. I own it. Keep your filthy hands off. Oh, and thank goodness for hope and change. Isn't this is exactly the kind of change we needed? Isn't this why you voted Democrat? I bet this will bring us all together won't it? Ahhh, bipartisanship! Reaching across the aisle...to snatch your wallet! ------Update!----- Oh yeah, and you know what the investment of choice will be in those gov't managed accounts, don't you? US Treasury Paper, of course! Just in time for the Democrats to have a great big hand out, bailing out everyone hither, thither and yon, then for interest rates to skyrocket and the paper to become worthless! Hold on to your shorts tight, folks! They're about to be around your ankles come January 20! Just keep voting big government, maybe it'll get better...
Saturday, November 8, 2008
The Dem's Want Your 401(k)
This is precisely why I do not have an IRA or 401(k).