The whole thing about 401Ks and IRAs won"t matter, after the FedGov TAKES all that money and rolls it into what is known as a GSA, or government savings account. What a great deal it will be. You"ll earn a guaranteed 4.5% on the account. Which will be invested in Government bonds. Of course when you die, your aires won"t get any of it. It all gets absorbed by our wonderfull government. They have already had hearings on this plan. It"s just a matter of implementing it. The stage has to be set properly, to sell it to the sheep, er, people. The Gov will ride in to the rescue and announce this great plan, and how it"s going to "Save" your retirement funds. After the stock market crashes again. It"s going to happen, Because we are all looking at an illusion right now. With the phoney market being held up by QuanitiveEasing, Or, The mass printing of money by the gov and given to the banks. After the next big crash, Don"t be surprised when you hear the talk/propaganda about this great plan, and how it"s going to "Save" peoples savings. They will probably sell it by telling people they will get a percentage of what they lost, back. Face it, This country has a terminal debt/unpaid future entitlement problem. The FedGov won"t think twice about taking all that gravy in those 401Ks and IRAs to survive just a little longer. Jack
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Today's Featured Article - The Tractor Parade: Story of a Case SC - by Bernie DeLon. On a early fall morning back in 1994, I opened the newspaper and happened to spy an article about a local antique tractor club having their annual show that weekend.
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