D.Duck wrote:
"HK" wrote in message
m...
Vic Smith wrote:
On Tue, 30 Jun 2009 21:14:19 -0700 (PDT), Tim
wrote:

You ready to take it int he shorts?

Who needs Vaseline when you're going to get the barbed wire-wrapped-
around-the-broom handle treatment.


http://www.chicagotribune.com/news/l...,4274002.story

What a mess. I think the biggest problem is those gold-plated
salaries and pension plans they're paying to state employees,
including college faculty. That's the biggest danger of big gov, they
vote themselves and their
cronies big money.
And the Dems want to borrow 2 billion instead of cutting spending or
raising taxes. WTF?
They should rely mostly on SS and 401k savings like just about
everybody else has to, and keep pensions within reason.
The Fed elected officials are probably worse. They can print money.
Dead weight and featherbedders all over the place.
Hey, ever think about running for Congress?
Like winning the lottery if elected.
Thanks for getting me depressed. Don't you miss Blago?
Told ya. (-:

--Vic

After the recent debacle in the financial markets, and the obvious
demonstration that they are "run" by incompetents and just plain crooks,
why should anyone have to "rely mostly on ... 401k savings..." for their
retirement, based upon corporate stocks? In recent years, the stock market
has proved itself to be unreliable.

Any decent 401k plan has more options than corporate stocks.



Indeed, but "investments" based upon shares predominate.
Why these days should one trust retail mutual funds, mutual fund
windows, institutional mutual funds, company stock, or, in fact, much of
anything to do with funds based upon shares?

Money market funds? Maybe.