WTF is wrong with you? BTW genius, look up the correct usage of "Your" and "You're" because it looks like YOU'RE an idiot.
Its time to make plan's to go to greener pastures. Barney Frank, Dodd and the crew should be sent to China to face execution. We are getting ready for a Civil war
Deadwood, You make some interesting arguments and it's clear you aren't a bag of rocks but you lose all credibility when you start calling people "dumb ass" and telling people to "fuck off." Your version of presenting your side of the argument comes off as grabbing someone by the collar, punching them in the nose, and saying, "this is how it is." I think if you took the time to present your views in a more civilized manner people would give your thoughts and views much more consideration. It's not what you say, it's how you say it.
Even socialist Canada has their version of 401k's called RRSP's, and they have NO plans to confiscate them. Unfortunately, Obama is the demise of America with his Spread the Wealth plan. Already looking forward to the next election.
I often wonder how much people will take before they begin to fight back. A quick view of the social climate in England suggests, A LOT. I don't think we're anywhere close to civil war but we are inching closer and closer to the breaking point.
it's true, we have an entire generation if not more with a negative savings rate- now they are trying to ensure their retirement comes on the backs of others before they move into their retirement homes.
Profit --- Yes the Government has way way of twisting things.. Scaring people - Creating anarchy so people pick another choice and feel GOOD about it.. Psychological warfare ... The Gov will bring this market low enough people will RUN FOR HELP. The gov will back date their 401k to Aug and take their account..