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Frogwatch[_2_] Frogwatch[_2_] is offline
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First recorded activity by BoatBanter: Nov 2008
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Default Obama and the SEIU want to nationalize your 401K

On Mar 26, 11:22*am, hk wrote:
On 3/26/10 11:10 AM, Frogwatch wrote:

Now they have taken over health care, their next target will be to
nationalize your 401K. *Some of you may remember that right after the
election I said they would do this because ti is the only available
pool of money. *What they are proposing is a mandatory contribution by
employees into a govt managed retirement program. *Basically, this is
a way to take the money you are currently investing in a 401K and
replace it with worthless T-bills backed by govt debt.


As opposed to worthless stock?

You really need a psych exam, froggy. *Need a referral?

--
Conservatives - just pretend Obama's health care legislation is another
unnecessary war and you'll feel better about it.


MY 401K is back to where it was 3 years ago.