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2009-01-06 Home Front Economy

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Posted by GolfBravoUSMC 2009-01-06 12:33|| || Front Page|| [5 views ] Top

#1 The government guarantees you'll get those dollars, it doesn't guarantee they'll have any purchasing power!

Inflation, it's only not fraud, beacuse the state does it.

Posted by Bright Pebbles 2009-01-06 13:23|| 2009-01-06 13:23|| Front Page Top

#2 The idea was tossed around a few weeks ago that the govt. might try to lay their hands on private retirement accounts some day. That discussion died down quite quickly, but eventually they'll start frantically looking for money to lay their hands on for the 'greater good'.
That would really suck to have your 401k nationalized, then get bumped from any benefits because your estate is worth more than they feel is your fair share, which is another item of scuttlebutt in the financial world.
Essentially, if your estate was worth more than the threshold amount, say $1Million, you'd be ineligible to collect benefits. I believe they will, in their death throes, enact something like this, congressional retirement accounts excluded of course.

Posted by bigjim-ky 2009-01-06 14:01|| 2009-01-06 14:01|| Front Page Top

#3 They'll start means testing Social Security and Medicare/Medicaid soon enough, with the result that people like me will get nothing back. After that they'll add a surplus-income tax. But I don't believe they'll actually touch IRAs and 401-Ks -- any legislator involved in that would not return in the next election.

Posted by trailing wife ">trailing wife 2009-01-06 14:39|| 2009-01-06 14:39|| Front Page Top

#4 TW
Remember that upwards to 50% pay no taxes. These people are probably not concerned about 401Ks 201Ks or my 101K. When you add the left wing loons that know how to except their 401Ks, we lose.

Posted by GolfBravoUSMC 2009-01-06 15:22|| 2009-01-06 15:22|| Front Page Top

#5 good thing they have been printing dollars at a record pace for the last 8 years, way to go "Bushies"

Posted by Victor Emmanuel Thronter7126 2009-01-06 15:43|| 2009-01-06 15:43|| Front Page Top

#6 Actually you haven't been printing, YET.

Posted by Bright Pebbles 2009-01-06 17:17|| 2009-01-06 17:17|| Front Page Top

#7 tough to blame this one on W. He tried to reform the sss, but failed because of lack of interest.

Posted by bman 2009-01-06 17:27|| 2009-01-06 17:27|| Front Page Top

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