Comments on: Democrats to kill 401(k)s for … privatized Social Security?

By: (old found draft post) Hands off my 401k « PurpleSlog – Awesomeness & Modesty Meets Sexy

Sun, 13 Sep 2009 05:40:47 +0000

[...] http://hotair.com/archives/2008/10/23/democrats-to-kill-401ks-for-privatized-social-security/ [...]

By: Dems want to Nationalize your 401Ks | Veer Right

Dems want to Nationalize your 401Ks | Veer Right — Sat, 28 Mar 2009 00:07:08 +0000

[...] Read the article for yourself. [...]

By: Hot Air » Blog Archive » Democrats to kill 401(k)s for … | financialfreedom2

Fri, 28 Nov 2008 14:59:16 +0000

[...] See the original post: Hot Air » Blog Archive » Democrats to kill 401(k)s for … [...]

By: Democrats Win… Here Comes The Pain | And Still I Persist

Democrats Win… Here Comes The Pain | And Still I Persist — Wed, 05 Nov 2008 05:07:54 +0000

[...] Some of the posturing from the Democrats in the last few weeks are quite worrisome. This includes confiscation of 401k accounts, deliberate dismantling of the coal / energy industry, direct and blatant restrictions on the [...]

By: On Redistribution « Utah Rattler

On Redistribution « Utah Rattler — Mon, 03 Nov 2008 13:34:00 +0000

[...] to strongly pursue redistribution and other policies that have proven economically destructive (and some that will be). It’s funny that only 30 years ago, at the wane of the Carter administration, that Milton [...]

By: RA has mortals at his disposal - Airline Pilot Central Forums

RA has mortals at his disposal - Airline Pilot Central Forums — Sat, 01 Nov 2008 17:33:09 +0000

[...] into. Then you are guaranteed so much once you hit 65 … that is, assuming there’s anything left. Hot Air Blog Archive Democrats to kill 401(k)s for … privatized Social Security? -Fatty Last edited by KC10 FATboy : Today at 06:56 [...]

By: Hot Air » Blog Archive » Understanding the stock market: Follow the Dolphins

Thu, 30 Oct 2008 14:10:46 +0000

[...] not the only pressure, either. Democrats want to end tax breaks on 401(k) retirement plans and replace it with Social Security II. People will want to bail out [...]

By: GUESS WHAT ELSE THE LEFT IS LOOKING AT? « Texas Hold ‘Em Blogger

GUESS WHAT ELSE THE LEFT IS LOOKING AT? « Texas Hold ‘Em Blogger — Sat, 25 Oct 2008 03:47:49 +0000

[...] Ed Morrissey at Hot Air: Powerful House Democrats are eyeing proposals to overhaul the nation’s $3 trillion 401(k) [...]

By: Add Another Ring to the Circus at Haemet

Add Another Ring to the Circus at Haemet — Sat, 25 Oct 2008 01:56:55 +0000

[...] having already confiscated 15% of people’s income (remember, your employer chips in half), now want to run your 401(k)s. Your new “401(k)” will be run by the government, return a measly 3% per year, not be [...]

By: OBAMA PLANS TO KILL 401K TAX BREAKS | Atlas Shrugs

OBAMA PLANS TO KILL 401K TAX BREAKS | Atlas Shrugs — Sat, 25 Oct 2008 00:16:05 +0000

[...] Blogger Ed Morrissey notes "that means your employer can no longer write off their contributions to your 401(k), and your capital gains would be taxable year to year. In other words, it becomes just another investment or savings account, with no tax benefit at all, and no employer contribution." [...]

By: Mulligan

Mulligan — Fri, 24 Oct 2008 23:36:32 +0000

McDermott and Miller have ingeniously solved the problem of the retirement of the baby boomers. Consficate their savings and replace them with special T-Bill that can be reneged on at any time and pay such a wretchedly low return, that no one can afford to retire. Work until you die, the worker’s paradise come to America.

KW64 on October 24, 2008 at 12:52 PM

I have thought for years that the dems
solution would be manditory euthanasia
at ‘retirement’ age. But getting people
to work as long as possible first would
put an extra twist on it.

By: 401(FAIL): Democrats to kill 401(k)s for … privatized Social Security? « Jonathan Torres: Social Pundit

Fri, 24 Oct 2008 21:35:20 +0000

[...] via Hot Air » Blog Archive » Democrats to kill 401(k)s for … privatized Social Security? [...]

By: hillbillyjim

hillbillyjim — Fri, 24 Oct 2008 21:18:44 +0000

Insanity.

By: James

James — Fri, 24 Oct 2008 20:16:48 +0000

RothIRA and Roth401k are next. The Democrats will steal our money that we saved diligently and too which we followed the rules, to give it to people who did jack about their retirement.

Just like those of us screwed on the housing side of things. Those who went out and bought more house than they can afford will benefit from the Gov’t bailing them out and restructuring their loans. Those of us who played by the rules, get the shaft.

By: PaKeystoner

PaKeystoner — Fri, 24 Oct 2008 18:28:33 +0000

Tat would put me in a higher tax bracket so I could be patriotic and give more of my money to the government!

It’s the only way I have to lower my gross income for tax purposes.

By: Democrats and Obama Plan to Take Your 401K?? « The Rhetorican

Democrats and Obama Plan to Take Your 401K?? « The Rhetorican — Fri, 24 Oct 2008 18:26:30 +0000

[...] was wrong. The Democrats are planning something pretty close to it if Obama becomes President. Say goodbye to your 401K. And forget about 401K tax [...]

By: The morning blog headlines « Scatterin’ O’ the Thoughts

The morning blog headlines « Scatterin’ O’ the Thoughts — Fri, 24 Oct 2008 18:07:38 +0000

[...] Be sure to hold onto your wallets, too. It might even be a good idea to consider pulling your money out of your 401k (while you still can) and take the tax hit. At least you’ll still have your money. Congress wants to get it’s dirty, grubby, thievin’ hands all over it….they’re already making plans to do it when the messiah is elected. [...]

By: Rainy Friday Linkapalooza « Obi’s Sister

Rainy Friday Linkapalooza « Obi’s Sister — Fri, 24 Oct 2008 17:58:27 +0000

[...] Grabby Democrats want to nationalize what is left of your retirement. Welcome to the gulag – where you get to work until you die. [...]

By: Are you ready to hand your 401K over to the Democrats? « Sharp Right Turn

Are you ready to hand your 401K over to the Democrats? « Sharp Right Turn — Fri, 24 Oct 2008 17:27:49 +0000

[...] Hot Air: So why are Democrats now looking to partially nationalize existing 401(k) plans into the exact [...]

By: KW64

KW64 — Fri, 24 Oct 2008 16:52:44 +0000

Check out Investor’s Business Daily’s editorial today on this Democratic Party idea. They point out that Argenitina’s nationalizing of the nation’s savings plans has precipitously dropped the stock market value. The same would happen here as stocks in companies are converted to Treasury Bills. Investment money would dry up to expand companies and saver’s would have little real return on savings and thus would save the minimum in such government run plans. This at a time when our national savings rate is too low anyway.

McDermott and Miller have ingeniously solved the problem of the retirement of the baby boomers. Consficate their savings and replace them with special T-Bill that can be reneged on at any time and pay such a wretchedly low return, that no one can afford to retire. Work until you die, the worker’s paradise come to America.

By: Dems & Obama consider move to kill 401(k)’s « HoodaThunk?

Dems & Obama consider move to kill 401(k)’s « HoodaThunk? — Fri, 24 Oct 2008 11:37:20 +0000

[...] fund” to handle your retirement accounts. I first noticed this story over here at HotAir and saw it again on Instapundit. Ed Morrissey at HotAir points us to this story over at [...]

By: Ravalli County News » Blog Archive » Democrats Consider Killing 401(k) Retirement Plans

Fri, 24 Oct 2008 04:40:26 +0000

[...] 2. Democrats to kill 401(k)s for … privatized Social Security? [...]

By: oped01

oped01 — Fri, 24 Oct 2008 04:07:07 +0000

I go through my day completely amazed and disheartened by how many of my own family and friends are oblivious to the disaster that they are walking into. Most if not all of them are so uninformed and devoid of facts and after just a few minutes of speaking logically with me, they seem to give up their liberal talking points and start to get it, but within a day or two they become mindless robots again. How anyone cannot see through this scheme of trashing 401K to fund socialistic wealth spreading programs is beyond me.
Sad

By: Dark-Star

Dark-Star — Fri, 24 Oct 2008 03:12:33 +0000

Not for the government..SS has always been a ponzi scheme

JIMV on October 23, 2008 at 8:52 PM

Close. SS is, oddly enough, built on a uniquely human sort of pyramid scheme. The entire premise of SS is that there will always be enough young taxpayers to pay for the crowd of old geezers. To accomplish that end the birthrate of the USA must always be increasing. Incidentally a good number of conservatives who are rabidly Big Family LOVED this concept because it effectively gave government sanction and protection to their views* – if only because of the govt’s self-interest in the matter.

Of course it all fell apart eventually. SS was doomed the moment the Baby Boom ended. Then came the continuing genocide against the unborn. Biiiig trouble. Add that and 20 million illegals who take from but do not pay into the system and it’s Game Over even if the funds hadn’t been looted, which they have.

*See programs like WIC, child tax credits, etc, etc.

By: Democrats Eye 401(k) Plans « Verus Politics: Truth and Reason

Democrats Eye 401(k) Plans « Verus Politics: Truth and Reason — Fri, 24 Oct 2008 02:59:42 +0000

[...] they’re going after retirement savings. That’s right, House Democrats are already evaluating our 401(k)s, and it seems they’d rather force us to contribute to a Social Security-type [...]