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accnodefense
New Mexico Fan
Member since Dec 2010
2984 posts

re: Here They Come! Why Congress Might Have to Mess with the 401(k)

Liberals salivate at the fact that they can get their hands on private 401k accounts, its new money into their coffers that they have control over.

It pisses them off that there is a portion of money out there(401k/retirment accounts) that they can not control.


accnodefense
New Mexico Fan
Member since Dec 2010
2984 posts

re: Here They Come! Why Congress Might Have to Mess with the 401(k)
Also Rush Limbaugh was talking today about a plan to seize everyone's 401k and retirement accounts, and put the money into government bonds at 3%. So basically the government gets the money first, up front.

Some frick face is going to bring this idea of some form to the floor eventually, which is why house Republicans need to hold firm.

Also 401k money is taxed, because in your paychecks you are taxed in gross pay.


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