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fb101
Administrator
USA
2856 Posts |
 Posted - 08/29/2009 : 22:02:39
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I found this while looking for an online version of an article in numismatic news; story I was looking to post is:
House Ed. & Labor committee meetings held by (chair) Rep George Miller (D) Cal. is holding hearing s on "Saving Retirement in the face of the credit crisis.
Recommendations include seizing all 401K and IRA accounts and investing them in T bonds paying 3%.
This other story I found however is quite interesting.
One thing it points out is that seizure of gold assets wouldn't provide enough capital to cover the gov't deficit for one month.
Central Banks Become Net Buyers Of Gold For First Time Since 1987
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Edited by - fb101 on 08/30/2009 06:44:51 |
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/29/2009 : 23:08:17
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| AMERICA'S BROKE! inappropriate language YEAH! |
Trolling is an art. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/30/2009 : 13:10:56
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quote:
Originally posted by fb101
I found this while looking for an online version of an article in numismatic news; story I was looking to post is:
House Ed. & Labor committee meetings held by (chair) Rep George Miller (D) Cal. is holding hearing s on "Saving Retirement in the face of the credit crisis.
Recommendations include seizing all 401K and IRA accounts and investing them in T bonds paying 3%.
I don't think Miller is proposing seizing your retirement account. He is trying to get the fees on IRAs reduced, and provide low cost options for new automatically enrolled folks (like an S&P 500 index fund). It is fallacious to think there going to be any government seizure of IRA accounts.
Here's what he's trying to do:
Q&A with Rep. Miller on 401(k) legislation
You must be logged in to see this link. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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fb101
Administrator
USA
2856 Posts |
Posted - 08/30/2009 : 15:50:16
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quote:
Originally posted by Country
quote:
Originally posted by fb101
I found this while looking for an online version of an article in numismatic news; story I was looking to post is:
House Ed. & Labor committee meetings held by (chair) Rep George Miller (D) Cal. is holding hearing s on "Saving Retirement in the face of the credit crisis.
Recommendations include seizing all 401K and IRA accounts and investing them in T bonds paying 3%.
I don't think Miller is proposing seizing your retirement account. He is trying to get the fees on IRAs reduced, and provide low cost options for new automatically enrolled folks (like an S&P 500 index fund). It is fallacious to think there going to be any government seizure of IRA accounts.
Here's what he's trying to do:
Q&A with Rep. Miller on 401(k) legislation
You must be logged in to see this link.
I'm quoting The numis news. It's their statement, not mine.
I can appreciate the interview though. I'm sure we can trust whatever he says since he's an elected official. |
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Edited by - fb101 on 08/30/2009 16:16:32 |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/30/2009 : 16:59:53
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How true....Say one thing and do another. 
fb101, please don't take offense. I'm just commenting on the contents of the article you linked. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 08/30/2009 17:02:29 |
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fb101
Administrator
USA
2856 Posts |
Posted - 08/30/2009 : 19:13:14
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Same here.
My cynicism is way out on overload.
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 08/30/2009 : 20:32:35
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Sounds like a new spin to the same old crap from last year.
You must be logged in to see this link.
Since when did a tax break, being "allowed" to KEEP more of MY EARNED money, become a "subsidy"???
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Central Banks Become Net Buyers Of Gold For First
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