The Democrats want to end the private retirement system

Discussion in 'Politics' started by Palatka51, Oct 25, 2008.

  1. Palatka51

    Palatka51
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    The Democrats want to end the private retirement system that has allowed Americans to become a vast investor class and put them back in thrall of the federal government. This is nothing more than a second welfare system that would sit on top of the crumbling Social Security entitlement. It would leave the American working and middle classes with no retirement option other than a government handout.

    If the Democrats control both Congress and the White House, kiss your 401(k)s goodbye, and get into the bread lines first before the crowd arrives.
     
  2. KenH

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    Not planning on posting in the politics forum; however, I find this information rather troubling and want to share Ms. Ghilarducci's Congressional testimony:

    www.house.gov/ed_workforce/testimony/2008-10-07-TeresaGhilarducci.pdf

    It appears from quickly perusing this that she has a huge preference for pension plans over 401(k)'s. Of course, Ms. Ghilarducci is entitled to her opinion. I disagree with her idea. And, frankly, I doubt it would pass both houses of Congress regardless of their makeup. For instance, I don't think that my Democratic representative nor my two Democratic senators would go along with such an idea.
     
    #2 KenH, Oct 25, 2008
    Last edited: Oct 25, 2008
  3. Revmitchell

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    Be very afraid. McCain should take advantage of this.
     
  4. KenH

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    I wish that Senator McCain would, Pastor Mitchell. That would force Senator Obama to repudiate the idea.
     
  5. Revmitchell

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    Do you really believe he would? I do not.
     
  6. LeBuick

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    I heard about this which is why I hate the thought of the Dem's having so much control in the house. I don't mind them being the majority but I prefer they need the republican's to keep them honest. I hope Obama veto's crap like this or he won't make a second term (if elected).

    What really scares me is Barny Frank salivating and counting up his new taxing power. I forget what he said but I recall it being scary. I think Obama will give us the most and best change but I would like a house that will keep him in check.
     
  7. LeBuick

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    The idea is to protect our dwindling 401K's but I think they should leave this alone. Once the market fixes itself our 401k"s will correct by default.
     
  8. Revmitchell

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    I disagree. The hidden agenda is to gain more power and further drive our country into communism.
     
  9. JustChristian

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    Seriously, that was one of the Neo-Cons plans except they would have driven us to Fascism.
     
  10. Revmitchell

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    What are you talking about?
     
  11. KenH

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    Well, Pastor Mitchell, some conservatives constantly claim that the Democrats want to make our country socialist/communist and some liberals constantly claim that the Republicans want to make our country fascist.

    I think both groups are engaging in over-the-top political rhetoric when they talk like that. :)
     
  12. Revmitchell

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    We are already well on our way. The current welfare state is already way to far.
     
  13. KenH

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    And liberals say that the Patriot Act is already way too far on our way to fascism.

    When one takes a step back and looks at some of the political rhetoric in our country one can't help but see how comical some of the rhetoric is. :)
     
  14. Revmitchell

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    Where in the constitution does it give room for the patriot act?

    That should show what is just rhetoric and what is of substance.
     
  15. KenH

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    Sorry, Pastor Mitchell, but I am not understanding your point.
     
  16. LeBuick

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    He doesn't think the Constitution can be added to or changed...
     
  17. Palatka51

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    Don't count on it. Obama has plans for the 401k's. Just listen to this and you'll know this to be true.
     
  18. KenH

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    Your statement is blatantly dishonest. However, all of America has come to expect dishonesty from the right-wing in this country(unfortunately, even from Christians among the right-wingers).

    Your link has nothing to do with Senator Obama and his position on 401(k)'s.
     
  19. Revmitchell

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    I never said that.
     
  20. targus

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    And then you say...

    .:laugh: .:laugh:.:laugh:
     
    #20 targus, Oct 26, 2008
    Last edited by a moderator: Oct 26, 2008

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