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O's 401k disaster ?
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<blockquote data-quote="diesel96" data-source="post: 427251" data-attributes="member: 9859"><p>.....Why are you running with this story That Obama and the Dem's are coming to sieze our 401k plans..... It was a hearing. The purpose of hearings is to “hear” new ideas. Testimony is not legislation. So far, that’s as far as this idea has gotten. Careless fearmongering playing on the fearful and weakminded Rep base never ceases to amaze me. Maybe the media, Scratch, is glossing over this story for what it is. Someone's idea</p><p></p><p>Here’s where we all take a deep breath. There is no proposal in Congress to take away your 401(k) savings account. In any case, the stock market has already done a pretty good job of wiping out several trillion dollars worth of 401(k) savings without any help from Congress.</p><p>And that, in fact, is precisely what prompted a few legislatures to convene a hearing to review a number of proposals to improve on the 401(k) plans that have become the mainstay of most Americans’ retirement income.</p></blockquote><p></p>
[QUOTE="diesel96, post: 427251, member: 9859"] .....Why are you running with this story That Obama and the Dem's are coming to sieze our 401k plans..... It was a hearing. The purpose of hearings is to “hear” new ideas. Testimony is not legislation. So far, that’s as far as this idea has gotten. Careless fearmongering playing on the fearful and weakminded Rep base never ceases to amaze me. Maybe the media, Scratch, is glossing over this story for what it is. Someone's idea Here’s where we all take a deep breath. There is no proposal in Congress to take away your 401(k) savings account. In any case, the stock market has already done a pretty good job of wiping out several trillion dollars worth of 401(k) savings without any help from Congress. And that, in fact, is precisely what prompted a few legislatures to convene a hearing to review a number of proposals to improve on the 401(k) plans that have become the mainstay of most Americans’ retirement income. [/QUOTE]
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