Holy smokes...

[darthcrank]

http://www.carolinajournal.com/exclusives/dems-target-private-retirement-accounts.html

thanks to LJ User Voland for posting this.  Looks like there is some discussion brewing in Congress about the Govt. taking over 401K plans and allowing the Social Security Administration to control them and dole out the money.

I don't care how large my losses are

Comments

[nyhcx516x]

Yep, honestly enough, this only hit my radar because of the times on lunch i toss on the Rush Limbaugh show.. and hes been goign off about it for a few weeks now.

it concerns me.

[tricstmr]

read the article.

Find me a citation where a government official is talking about doing this.

pay close attention...

[nyhcx516x]

you are out to get me on live journal huh ;) even no political stuff.... i see how it is ...

[nyhcx516x]

http://abcnews.go.com/Business/PersonalFinance/story?id=6122417

good article.

and all i said was, it concerns me... thats all man.

you are gonna get a smack from me next time i see ya

[not_eurotic]

As I pointed out in Gene's journal:
http://www.huffingtonpost.com/2008/11/09/right-wing-media-quickly_n_142440.html

This is kinda bullshit.

And it's from the LA Times, if you look closely. It was x-posted in HuffPo.

Hmmm

[tricstmr]

I read the article, but could not find any place where someone in our Congress was talking about the Government taking over our 401k plans.

Could you cite me the text of a government official doing so?

Re: Hmmm

[not_eurotic]

see my link.

it's bullshit.

Re: Hmmm

[darthcrank]

maybe and maybe not. Instead of telling people there is no way this is going to happen, they tell people "we are entertaining all ideas".

Washington politics is all about ideas being floated and pushed...this lady and her crazy ideas were invited and listened to...which means they are being considered.

It might be alarmist, but there is something there to be alarmed about!

Re: Hmmm

[not_eurotic]

Well being open-minded and those ideas actually being on the short-list are completely different. Seriously though, I'm sure if a business of any sort is looking for a new hiree they'll say they're "looking at all applicants," even though everyone ISN'T being looked at seriously.

All part of the game, is all. I'd be alarmed if I hadn't read the LA Times article first-- it's just the right wing trying to ruffle feathers.