More Government from Obama

[ImnoMensa]

Get retirement savings $$ from Uncle Sam - Jun. 16, 2008

I am not smart enough to figure this out, but it would seem that instead of the Bush plan to allow a Social Security recipient to invest his Social Security privately, Obama is planning on doing pretty much the same thing only he is calling it a mandatory 401K. So would you have a mandatory 401K plus you continue paying Social Security? In the Obama plan who would get to choose where the money is invested?

 

[awpitt]

So would you have a mandatory 401K plus you continue paying Social Security?

Yes, that's the way I read it. The idea being that folks should have something in addtion to SS. It's basically what I do now because FICA comes out of my checks along with my 401K deductions.

 

[ImnoMensa]

Yes, that's the way I read it. The idea being that folks should have something in addtion to SS. It's basically what I do now because FICA comes out of my checks along with my 401K deductions.

Yes only then it will be forced on you and on your employer.

The only thing I see good about it will be if the Government cannot steal from it like they do from Social Security.

 

[cwo_ghwebb]

Yes only then it will be forced on you and on your employer.

The only thing I see good about it will be if the Government cannot steal from it like they do from Social Security.

They'll figure out a way to get their hands on it.