General Discussion

hughee99

(16,113 posts)

8. How was the GOP idea of the 401k able to get through a Democratic house,

Reply to TheMastersNemesis (Original post)

Sat Jan 25, 2014, 02:57 PM

Jan 2014

Democratic Senate (where they even had a filibuster-proof majority) and get signed by Jimmy Carter in 1978?

We need to go back to the old system, because that GUARANTEES someone's retirement... unless the company you worked for goes out of business, gets bought up, or declares bankruptcy... or if you work for the city of Detroit.

The old system has serious issues too.

For people that have a 401k and have seen a steady increase in value each year, it's going to be a hard sell telling them they're getting ripped off while they're reading stories in the paper every day about people getting screwed out of their pensions.

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401K Train Wreck/GOP Driving Retirement To Extinction. [View all] TheMastersNemesis Jan 2014 OP

Where do you get these facts? RB TexLa Jan 2014 #1

I think the OP ... 1StrongBlackMan Jan 2014 #2

Exactly and that is why it is called a "market." You take some form of risk when godevil10 Jan 2014 #3

I keep 75% of my 401 k in cash and have a 0 coupon muni bond that matures when I turn 67 kimbutgar Jan 2014 #4

" Try running as a "liberal FDR Democrat" and you would get Rand Paul for president." ?? bvar22 Jan 2014 #5

That was funny Progressive dog Jan 2014 #7

Glass Steagall and 401k's are only related because they Progressive dog Jan 2014 #6

How was the GOP idea of the 401k able to get through a Democratic house, hughee99 Jan 2014 #8

The 401K edhopper Jan 2014 #9