On Sep 22, 2:15*pm, wrote:
On Tue, 22 Sep 2009 09:48:29 -0700 (PDT), wf3h
wrote:





On Sep 22, 12:44*pm, wrote:
On Tue, 22 Sep 2009 06:26:55 -0700 (PDT), wf3h
wrote:

On Sep 21, 9:16*pm, wrote:

The problem is that the federal government was doing this. If it was
local government or even local charity, *onezee twozee is not that
hard to do.
I lived in SE DC when the great society programs hit and I saw those
neighborhoods decline into the cesspools they are now (Marion Barry's
8th ward for you folks outside the beltway)

now let's see....who was it that destroyed my 401K...the 'free market'
or the govt?...hmmm....let me think

The answer to that is "both".

Your 401k is a ponzi anyway.

and it's the ONLY game in town. the rich have structured it that way
to force workers to work until we die, creating a bigger workforce

This is not an evil conspiracy. It is just a demographic problem.
There are not enough people in the work force to support 84 million
retired boomers.

that depends. if the 401K had worked out like the folks who wanted to
privatize social security had said it would, there'd be no problem.
i've been investing in my 401K since the program started in 1981 or
so. and i just got killed.


The happy days generation who are in (or entering)
their 70s now are probably the last ones who will live the retirement
dream unscathed ... if they don't live too long

agreed. i think the days of retirement are over. we'll all be working
until we drop.