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Posted: 10/17/2008 8:44:35 AM EDT
www.americanshareholders.org/2008/10/george-miller-p.html

God damn it.

When I was going through my divorce I shut off the contributions to my 401K all together as I needed to tighten my belt to make ends  meet.

Fucking government.

Link Posted: 10/17/2008 8:46:49 AM EDT
Link Posted: 10/17/2008 8:49:05 AM EDT
Fantastic ... they haven't screwed us enough with social security... so now this
Link Posted: 10/17/2008 8:49:25 AM EDT
Spread the wealth, bitches! Re-distributing that shit so you don't have to!
Link Posted: 10/17/2008 8:50:54 AM EDT
doesn't a government retirement program already exist? Maybe they should fix social secuirty first.
Link Posted: 10/17/2008 8:53:37 AM EDT
it's time
Link Posted: 10/17/2008 8:55:18 AM EDT

Originally Posted By SuperSixOne:
doesn't a government retirement program already exist? Maybe they should fix social secuirty first.

They can't. They spent the Socail Security monies...they need moar now.


Originally Posted By RED_5:
it's time

It's past time. They know we'll take it, so they're going to keep giving it.
Link Posted: 10/17/2008 9:12:08 AM EDT
This one is coming.  Watch for it.  This is how they are going to "fix" SS.

Link Posted: 10/17/2008 9:18:54 AM EDT
Link Posted: 10/17/2008 9:21:42 AM EDT
If they try to sieze 401Ks there will be a bloodbath -- either a literal one or a figurative one in the next election.
Link Posted: 10/17/2008 9:22:52 AM EDT
I say GREAT!!!!!  (if we have to have socialism)


But...


Call it "Social Security version 2", scarp the current SS tax BS and leave MY 401K alone!

I would rather see that become Social Security (actual accounts) vs payouts from the general fund.
Link Posted: 10/17/2008 9:23:14 AM EDT
I can see in the future where if you have a 401K you will not get SS. We need to give this to people who didn't invest in their future. Same old socialism, people make bad decisions and we get to bail them out.
Link Posted: 10/17/2008 9:25:56 AM EDT
Woohoo a 3% return with matching taxpayer funds!


Link Posted: 10/17/2008 9:28:05 AM EDT
Link Posted: 10/17/2008 9:30:39 AM EDT
Damn it to hell, whose idea was this anyway?

It's like someone just gave a greenlight for socialist programs.

I fucking fed up!

Which do think would be better, Costa Rica or New Zeland?
Link Posted: 10/17/2008 9:31:07 AM EDT

Originally Posted By dolanp:
Woohoo a 3% return with matching taxpayer funds!




That's the least of your problems; I absolutely guaranfuckingtee you that if this plan is ever implemented the funds won't be there for you when your retire.

Just like social security.

Link Posted: 10/17/2008 9:44:46 AM EDT
Yep, I heard about this a couple of weeks ago. The market will get absolutely hammered if they do this. Why? Because I know a lot of people who will liquidate their 401K before the law is implemented. I know that I will, penalties be damned. I'd rather get at least something back out of it now, than wait for the government to spend it all.

Additionally, my understanding is that what these people want to do is use the funds in your new government run "401K" to buy long bonds. Quite interesting that this comes out when just a week or so ago Paulson tried doing a long bond auction which failed, so he changed them to short term treasuries.

Gee, nobody wants to buy long bonds, so we will force the citizens serfs to fund the US government's pork spending by buying them. They'll certainly need it once Obama is elected and he institutes all his new "free" government programs.
Link Posted: 10/17/2008 9:49:10 AM EDT
Yeah I am sooooo stupid to manage my 401k that I moved all my money to the Savings fund (only 3-4%) a year interest over 6 months ago. I didn't lose a thing you socialist pricks.
Link Posted: 10/17/2008 9:51:00 AM EDT
For fucks sakes, this shit has gotta end. One way or the other, it must stop.

The Liberty Tree is is bone dry.
Link Posted: 10/17/2008 9:52:17 AM EDT
I'm getting ready to convert my wealth to a high speed asset so I can spread the wealth as needed......
Link Posted: 10/17/2008 9:53:07 AM EDT

Originally Posted By LuvBUSHmaster:
For fucks sakes, this shit has gotta end. One way or the other, it must stop.

The Liberty Tree is is bone dry.


More and more people think so.
Link Posted: 10/17/2008 9:55:15 AM EDT

Wake up people we already live in a socialist country so get used to it. We have a Republican administration that is attempting to NATIONALIZE the banks!!!!!!! Under good ol' "W's" tenure the U.S. Dept of Education has nearly doubled, we have seen the creation of a Federal prescription drug care program which will dwarf Medicare in both cost and sheer scale, and last but not least the creation of the biggest most inept bureaucratic monstosity the world has ever seen called the Dept. of Homeland Security. When you have communists such as Hugo chavez now calling bush his "comrade" because he is doing the exact same thing that Chavez has done to his country in the past decade you can assume that the signatories to the Decralation of Independence are spinning in their graves at 10,000 rpm right about now.


Link Posted: 10/17/2008 9:58:29 AM EDT
There is no reason to fund a 401K if the Govt sticks ther mitts into them.

At that point, hiding cash would be a better idea.
Link Posted: 10/17/2008 9:59:22 AM EDT

Originally Posted By skebe:
I'm getting ready to convert my wealth to a high speed asset so I can spread the wealth as needed......





Link Posted: 10/17/2008 10:00:27 AM EDT
[Last Edit: 10/17/2008 10:01:15 AM EDT by Evil_ATF]
Double Tap
Link Posted: 10/17/2008 10:00:56 AM EDT

Originally Posted By LvFreeRDie:
Yep, I heard about this a couple of weeks ago. The market will get absolutely hammered if they do this. Why? Because I know a lot of people who will liquidate their 401K before the law is implemented. I know that I will, penalties be damned. I'd rather get at least something back out of it now, than wait for the government to spend it all.

Agreed.
Link Posted: 10/17/2008 10:05:42 AM EDT
Link Posted: 10/17/2008 10:09:52 AM EDT

Originally Posted By Waldo:
Yeah, "Means Testing" was another of the things that were floated back then.


I remember all of that rotten shit.



Waldo,

It is rotten shit.

But having talked with numerous economists... I can assure you that "Means Testing" for social security benefits will be a reality some time down the road.  One economist specifically said that it was likely that anyone who was a professional or had a college degree would some time down the road be "Means Tested" out of social security benefits.  

David Walker has some interesting words about the long term budget issues.

Link Posted: 10/17/2008 10:13:02 AM EDT

Originally Posted By Procyon:

Originally Posted By LuvBUSHmaster:
For fucks sakes, this shit has gotta end. One way or the other, it must stop.

The Liberty Tree is is bone dry.


More and more people think so.


Uh-uh.  No way am I replying to this.

I've already had my spanking.
Link Posted: 10/17/2008 10:14:20 AM EDT

Originally Posted By RED_5:
it's time


It's past time.  Now there are 2 of us, who's going first?
Link Posted: 10/17/2008 10:14:28 AM EDT

Originally Posted By fxntime:
There is no reason to fund a 401K if the Govt sticks ther mitts into them.

At that point, hiding cash would be a better idea.


Until someone finds you have over $10k and it is taken under civil asset forfeiture and you have to prove it isn't criminal and is really yours.
Link Posted: 10/17/2008 10:15:41 AM EDT
The time to  hit the rest button seems to be getting closer.
Link Posted: 10/17/2008 10:19:34 AM EDT
The Legislature giveth and it taketh away.
Link Posted: 10/17/2008 10:23:27 AM EDT

Originally Posted By m193:

Originally Posted By RED_5:
it's time


It's past time.  Now there are 2 of us, who's going first?

Agreed.  With me, that makes three.  
Link Posted: 10/17/2008 10:24:33 AM EDT

Originally Posted By Waldo:

Originally Posted By balloonknot:
I can see in the future where if you have a 401K you will not get SS. We need to give this to people who didn't invest in their future. Same old socialism, people make bad decisions and we get to bail them out.


Yeah, "Means Testing" was another of the things that were floated back then.


I remember all of that rotten shit.



Yeah, I remember when W was finally forced to admit he'd need means testing as part of his privatization plan, went over like a lead balloon...
Link Posted: 10/17/2008 10:24:55 AM EDT

Originally Posted By VTHOKIESHOOTER:
The time to  hit the rest button seems to be getting closer.


I keep asking where the rally point is and no answers me
Link Posted: 10/17/2008 10:25:09 AM EDT
Link Posted: 10/17/2008 10:43:18 AM EDT

Originally Posted By ZULUONEFIVE:
...you have communists such as Hugo chavez now calling bush his "comrade" because he is doing the exact same thing that Chavez has done to his country ...


It's certainly a sad world when Chavez calls the president of the United States of America comrade... and it's hard to argue with it.
Link Posted: 10/17/2008 10:45:50 AM EDT
It's only a matter of time.
Link Posted: 10/17/2008 10:49:23 AM EDT

Going forward, I propose Congress establish universal Guaranteed Retirement Accounts and the federal government deposit $600 (inflation indexed) in those Guaranteed Retirement Accounts every year for every worker. Every worker (not in an equivalent defined benefit plan) would save 5% of their pay into their Guaranteed Retirement Account to which the government pays a 3% inflation-indexed guaranteed return. Workers would earn pension credits based on these accumulations.


So... they tax me more, and put some of that money into an account that I am also forced to "contribute" 5% of my pay, and in return I earn 3%?

Sounds like a great way to wind up eating Alpo in retirement.  But, hey, who cares, when there's also Socialist inSecurity and Medicare and other massive entitlement programs that will all be bankrupt by then, right?  Cradle to the grave, until the burden on the few working people left is too much and the whole mess collapses.
Link Posted: 10/17/2008 10:51:05 AM EDT
B  B B B B BB   BUT THE PEOPLE ON AR15.com TOLD US ALL THAT WE'D BETTER VOTE REPUBLICAN OR WE'LL END UP LIVING IN A SOCIALIST NATION!!!!

­

I've been called a traitor, an asshole, all sorts of names in the past 24 hours because I said I wasn't going to support the ruse any longer.


I'll say it again.



THE EMPEROR IS FUCKING NAKED.

When will some of you dipshits get it?
Link Posted: 10/17/2008 10:52:54 AM EDT
Link Posted: 10/17/2008 11:01:26 AM EDT

Originally Posted By vaughn4380:

Originally Posted By VTHOKIESHOOTER:
The time to  hit the rest button seems to be getting closer.


I keep asking where the rally point is and no answers me



38° 53' 23.02" N  77° 0' 32.49" W
Link Posted: 10/17/2008 11:03:27 AM EDT
[Last Edit: 10/17/2008 11:07:27 AM EDT by Waldo]
Link Posted: 10/17/2008 11:06:50 AM EDT

Originally Posted By fxntime:
There is no reason to fund a 401K if the Govt sticks ther mitts into them.

At that point, hiding cash would be a better idea.


Considering what's LEFT of my hubby's 401k and my IRA, they can have it.

I'm not really serious...but, y'know?
Link Posted: 10/17/2008 11:08:14 AM EDT

Originally Posted By RED_5:

Originally Posted By vaughn4380:

Originally Posted By VTHOKIESHOOTER:
The time to  hit the rest button seems to be getting closer.


I keep asking where the rally point is and no answers me



38° 53' 23.02" N  77° 0' 32.49" W



Link Posted: 10/17/2008 11:08:44 AM EDT
[Last Edit: 10/17/2008 11:08:53 AM EDT by BenDover]

Originally Posted By Waldo:
Originally Posted By BenDover:



I've been called a traitor, an asshole, all sorts of names in the past 24 hours because I said I wasn't going to support the ruse any longer.



Meh, I've met you and your very nice wife a few times. I honestly like you. That doesn't mean i agree with you all the time though.

I hope that doesn't mean we can't be friends.  







Agreeing with everyone all the time is boring and it leads to intellectual stagnation.


Look at the GOP for example...  
Link Posted: 10/17/2008 11:11:43 AM EDT

Originally Posted By RED_5:

Originally Posted By vaughn4380:

Originally Posted By VTHOKIESHOOTER:
The time to  hit the rest button seems to be getting closer.


I keep asking where the rally point is and no answers me



38° 53' 23.02" N  77° 0' 32.49" W


I don't know, I thought David Rockefeller's office was Room 5600 at the Rockefeller Center?
Link Posted: 10/17/2008 11:15:19 AM EDT

Originally Posted By GonzoAR15-1:
www.americanshareholders.org/2008/10/george-miller-p.html

God damn it.

When I was going through my divorce I shut off the contributions to my 401K all together as I needed to tighten my belt to make ends  meet.

Fucking government.



So would you recommend marriage?
Link Posted: 10/17/2008 11:16:31 AM EDT
When do they come after the IRAs?
Link Posted: 10/17/2008 11:16:56 AM EDT

Originally Posted By Procyon:

Originally Posted By GonzoAR15-1:
www.americanshareholders.org/2008/10/george-miller-p.html

God damn it.

When I was going through my divorce I shut off the contributions to my 401K all together as I needed to tighten my belt to make ends  meet.

Fucking government.



So would you recommend marriage?


Sure.   Just pick the right one, and sign a prenup even if its not romantic.   Understand that like a poker hand, things can go south really fast and the hand you end up with 5 rounds down the line may not be the one you thought you had at the beginning.

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