Friday, October 24, 2008

How the government takes care of retirees

1) Don't reform Social Security.

2) Destroy the value of your 401-k and 403-b and any other investments you have through a subprime mortgage meltdown they could have stopped (or never started). Barney Frank, Chris Dodd and Barack Obama made sure no one would stop their pet projects and kick-backs from the GSEs.

3) Steal the value of the 401-k that's left.
    Powerful House Democrats are eyeing proposals to overhaul the nation’s $3 trillion 401(k) system, including the elimination of most of the $80 billion in annual tax breaks that 401(k) investors receive. Workforce
Share the wealth, folks. Share the pain. You're next.

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