Treasury is taking the bold move of borrowing against Fed and State Pensions to keep paying it's bills.
And people say that the US GOV will not do the same with 401Ks?
Get ready all you desk jockeys! You have been working hard all your lives and doing the right thing. You have 4% or more of your pretaxed dollars going into the 401K of your choice as you were told is best for you.
Now, after the 401K crowd has suffered a serious loss if not more than 40% or more...Your Uncle Obama is looking to move into your 401k and borrow against it. The test case is State and Fed Pensions. If people do not freak out over that, 410ks are next as is SSN!
But you say that would never happen? You say that there isn't any news report of such talks?
LOL....you'll wake up one day Amerika.
Who is John Galt?
And people say that the US GOV will not do the same with 401Ks?
Get ready all you desk jockeys! You have been working hard all your lives and doing the right thing. You have 4% or more of your pretaxed dollars going into the 401K of your choice as you were told is best for you.
Now, after the 401K crowd has suffered a serious loss if not more than 40% or more...Your Uncle Obama is looking to move into your 401k and borrow against it. The test case is State and Fed Pensions. If people do not freak out over that, 410ks are next as is SSN!
But you say that would never happen? You say that there isn't any news report of such talks?
LOL....you'll wake up one day Amerika.
Who is John Galt?