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Canuck57[_9_] Canuck57[_9_] is offline
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First recorded activity by BoatBanter: Oct 2009
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Default Obama and the SEIU want to nationalize your 401K

On 26/03/2010 9:24 AM, Frogwatch wrote:
On Mar 26, 11:22 am, 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.


My IRA is higher than it ever has been by a signifigant amount. My
grandfather once said a depression is a once in a lifetime opportunity
for the prepared. Was he right. I should hank th eliberal ponzi money
pigs in DC for the opportunity of a lifetime.

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Politicians don't provide anything, the tax payers do.