A Burgundy and Gold Obsession
Happy Hour starts in five minutes.

Thanks Thanks:  0
Likes Likes:  0
Disagree Disagree:  0
Post of the Year Post of the Year:  0
Results 1 to 7 of 7
  1. #1
    BGObsessed
    Join Date
    05-17-10
    Posts
    1,226
    Post Responses
    Thanks, Likes, & More
    Mentioned
    27 Post(s)
    Navy

    Default Unions target your private retirement savings

    Will the government outlaw your 401(k) plan? It seems like an absurd possibility, yet earlier this month two Democratic senators, Sen. Tom Harkin, D-Iowa, and Sen. Bernie Sanders, I-Vt., held a hearing on Capitol Hill exploring the possibility of doing exactly that.
    On Oct. 8, the two senators from the Health, Education, Labor and Pensions (HELP) Committee held a hearing on "Retirement (In)security in America." Among the proposals discussed was "Guaranteed Retirement Accounts," or GRAs.
    The purpose of the GRA proposal is simple: To force Americans to stop putting their retirement savings money into private 401(k) accounts and send their money to the government instead.


    Read more at the Washington Examiner: http://www.washingtonexaminer.com/op...#ixzz14GEiADB5
    0 0 0 0
     
     

  2. #2
    BGObsessed
    Join Date
    07-16-09
    Location
    CTU
    Posts
    3,080
    Post Responses
    Thanks, Likes, & More
    Mentioned
    0 Post(s)
    Air Force

    Default

    The unions, bless their little communists hearts, find themsleves in the same boat as America does with Social Security. Pensions, which helped kill GM, are coming due. Unfortunately for the unions, they don't have enough members left to pay the bill

    Little surprise they come looking to working people to bail out their little ponzi scheme
    0 0 0 0
     
     
    Formerly known as ...............Sarge

  3. #3
    BGObsessed
    Join Date
    05-17-10
    Posts
    1,226
    Post Responses
    Thanks, Likes, & More
    Mentioned
    27 Post(s)
    Navy

    Default

    For some reason i am glad this current admin didnt get extended
    0 0 0 0
     
     

  4. #4
    BGObsessed
    Join Date
    10-23-09
    Location
    Anchorage, Alaska
    Posts
    353
    Post Responses
    Thanks, Likes, & More
    Mentioned
    0 Post(s)

    Default

    Those of us who are dependent on 401Ks are going to get screwed no doubt.

    What really gets me is that teachers up here can retire after 20 years. One of my kids teachers and the wife of a friend, retired after 20 years. She was 42! We will end up paying her to play for twice as long as we paid her to work. And then the school district whines about budget cuts.

    Meanwhile, they are talking about raising the retirement age. That means Social Security and won’t apply to public employees who opted out of that little ponzi scheme.

    Hope you all like Greek food, because that’s what we are going to be like in a few years.
    0 0 0 0
     
     

  5. #5

    Join Date
    07-22-09
    Posts
    7,588
    Post Responses
    Thanks, Likes, & More
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by redskins26 View Post
    Will the government outlaw your 401(k) plan? It seems like an absurd possibility, yet earlier this month two Democratic senators, Sen. Tom Harkin, D-Iowa, and Sen. Bernie Sanders, I-Vt., held a hearing on Capitol Hill exploring the possibility of doing exactly that.
    On Oct. 8, the two senators from the Health, Education, Labor and Pensions (HELP) Committee held a hearing on "Retirement (In)security in America." Among the proposals discussed was "Guaranteed Retirement Accounts," or GRAs.
    The purpose of the GRA proposal is simple: To force Americans to stop putting their retirement savings money into private 401(k) accounts and send their money to the government instead.


    Read more at the Washington Examiner: http://www.washingtonexaminer.com/op...#ixzz14GEiADB5
    true. fat chance!
    0 0 0 0
     
     

  6. #6
    BGObsessed
    Join Date
    10-23-09
    Location
    Anchorage, Alaska
    Posts
    353
    Post Responses
    Thanks, Likes, & More
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by fansince62 View Post
    true. fat chance!
    Want to bet? All you guys are euphoric over the election results. I’m just depressed because of what happened in California. We are going to end up bailing out that state because the public employee unions have sucked it dry. Yet the voters simply don’t see the connection between their economy and their taxes and overreaching regulations, so they put the same people who caused the problem back in charge.

    While the media was busy calling the tea partiers violent racists, they ignored the fact that UC Berkeley students protesting a tuition hike and egged on by their professors, turned violent.

    We are not as far away from becoming Greece as you think.
    Last edited by Alaskan; 11-04-10 at 05:11 PM.
    0 0 0 0
     
     

  7. #7

    Join Date
    07-22-09
    Posts
    7,588
    Post Responses
    Thanks, Likes, & More
    Mentioned
    0 Post(s)

    Default

    Quote Originally Posted by Alaskan View Post
    Want to bet? All you guys are euphoric over the election results. I’m just depressed because of what happened in California. We are going to end up bailing out that state because the public employee unions have sucked it dry. Yet the voters simply don’t see the connection between their economy and their taxes and overreaching regulations, so they put the same people who caused the problem back in charge.

    While the media was busy calling the tea partiers violent racists, they ignored the fact that UC Berkeley students protesting a tuition hike and egged on by their professors, turned violent.

    We are not as far away from becoming Greece as you think.
    man..there'll be hell to pay if they do. they're already talking IN SOME REPUBLICAN CIRCLES about massive cuts in DoD's budget - a budget that ballooned between 2001 and the present. I can see the cuts...what POs me is that the brunt is gonna fall on personnel accounts: my pension and TRICARE (i.e., broken promises).

    be wary Mike & Sarge.......the promises made to you may not be kept.
    0 0 0 0
     
     

 

 

Similar Threads

  1. Brett Favre and his annoying retirement
    By The Burgundy Ghost in forum National Football League
    Replies: 2
    Last Post: 08-18-10, 07:23 AM
  2. Charles Brown OT: Target Pick for Redskins?
    By Bulldog in forum Sons of Washington
    Replies: 8
    Last Post: 04-24-10, 08:20 AM
  3. What the retirement of Bugel really means
    By Lanky Livingston in forum Sons of Washington
    Replies: 14
    Last Post: 01-13-10, 10:40 PM
  4. For Daniels, Retirement Can Wait
    By brandies in forum Sons of Washington
    Replies: 3
    Last Post: 07-28-09, 08:48 AM

User Tag List

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •