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Thread: Clinton proposes 401K matching funds

  1. #1
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    Default Clinton proposes 401K matching funds

    http://news.yahoo.com/s/ap/20071009/...ement_accounts

    Hmm, I wonder who would get to administer millions of new 401K accounts funded in part by the government? I bet it's not the government. Probably another boon to the financial industry, to whom she seems beholden--like the health care industry. Note the article doesn't asks any questions about administration.

  2. #2
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    Default Re: Clinton proposes 401K matching funds

    Vote for me and I'll pay you $1,000 every year !

    This one really pisses me off. Her $5K per baby was just as bad.

    She knows have can't the election on her own merit she has to buy the election. Anyone who supports this idiot is as big an idiot.

    It's just another freebie handout...

    "Although the money would be intended mainly for retirement, she said people should also be able to use the savings to buy a house or pay for college and the government should consider letting workers use a portion for hard times like an illness or accident."

    Some will use the funds as intended, but with the outs they offer, those that need it the most for retirement will find a way to access it and spend it.

    Can you imagine the cost once they open it up to illegals.

    ...and a tax break on the first $1,000 of $5000 ? Who is she kidding ? No one will participate, least of all those that need forced savings the most.

  3. #3
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    Default Re: Clinton proposes 401K matching funds

    Can you imagine the cost once they open it up to illegals.

    Of course it wouldn't be available to undocumented immigrants, because they aren't eligible for any other federal benefits. But let's not let that keep us from tarring them with ever ill imaginable, including imagined benefits.

    ...and a tax break on the first $1,000 of $5000 ? Who is she kidding ? No one will participate, least of all those that need forced savings the most.

    I agree. I hate complex programs--because the people they're supposed to benefit don't often use them. Flexible spending accounts (FSAs) are an example of something that most people would benefit from, but many don't use.

  4. #4
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    Default Re: Clinton proposes 401K matching funds

    Its the most ridiculous thing I have ever heard. People saving for retirement. Will not happen. The wife will want a bigger house in hopes it will increase in price later on and other such things. Someone gets sick.

    The government has to have money available for people when they retire no ifs and buts about it. Financial freedom for people is a pipe dream. Man capitalists are so stupid.

  5. #5

    Default Re: Clinton proposes 401K matching funds

    Ryou,
    If she said "vote for me and I'll give you a $1000 tax break every year" instead of "vote for me and I'll pay you $1000 every year" would you still be upset?
    There's no such thing as a pretty good aligator wrestler.

  6. #6

    Default Re: Clinton proposes 401K matching funds

    Quote Originally Posted by FloggingSully View Post
    Ryou,
    If she said "vote for me and I'll give you a $1000 tax break every year" instead of "vote for me and I'll pay you $1000 every year" would you still be upset?
    A tax break is structurally different than a tax refund. Before the government gives away money, they must collect it from somewhere, and then redistribute it. If you have to give $2,000 in taxes to only get $1,000 in return, then it's not such a sweet deal. If you pay $0 in taxes but get $1,000 in return, it's a good deal.

    However, if I get a $1,000 tax break, it's all good.

  7. #7
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    Default Re: Clinton proposes 401K matching funds

    Tight Waist posted this over on themat. It sums Hillary.

    (This is dated but it bears repeating)

    How Long Do We Have?

    About the time our original thirteen states adopted their new
    constitution in 1787, Alexander Tyler, a Scottish history professor at the
    University of Edinburgh, had this to say about the fall of the Athenian
    Republic some 2,000 years earlier:

    "A democracy is always temporary in nature; it simply cannot exist as
    a permanent form of government."

    "A democracy will continue to exist up until the time that voters
    discover they can vote themselves generous gifts from the public treasury."

    "From that moment on, the majority always vote for the candidates who
    promise the most benefits from the public treasury, with the result that
    every democracy will finally collapse due to loose fiscal policy, which is
    always followed by a dictatorship."

    "The average age of the world's greatest civilizations from the
    beginning of history, has been about 200 years"

    "During those 200 years, those nations always progressed through the
    following sequence:

    1. From bondage to spiritual faith;

    2. From spiritual faith to great courage;

    3. From courage to liberty;

    4. From liberty to abundance;

    5. From abundance to complacency;

    6. From complacency to apathy;

    7. From apathy to dependence;

    8. From dependence back into bondage"

    Professor Jose ph Olson of Hemline University School of Law, St. Paul,
    Minnesota, points out some interesting facts concerning the 2000
    Presidential election:

    Number of States won by:
    Gore: 19
    Bush: 29

    Square miles of land won by:
    Gore: 580,000
    Bush: 2,427,000

    Population of counties won by:
    Gore: 127 million
    Bush: 143 million

    Murder rate per 100,000 residents in counties won by:
    Gore: 13.2
    Bush: 2.1

    Professor Olson adds: "In aggregate, the map of the territory Bush won
    was mostly the land owned by the taxpaying citizens of this great country.

  8. #8
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    Default Re: Clinton proposes 401K matching funds

    Quote Originally Posted by ctc View Post
    Tight Waist posted this over on themat. It sums Hillary.

    (This is dated but it bears repeating)

    How Long Do We Have?

    About the time our original thirteen states adopted their new
    constitution in 1787, Alexander Tyler, a Scottish history professor at the
    University of Edinburgh, had this to say about the fall of the Athenian
    Republic some 2,000 years earlier:

    "A democracy is always temporary in nature; it simply cannot exist as
    a permanent form of government."

    "A democracy will continue to exist up until the time that voters
    discover they can vote themselves generous gifts from the public treasury."

    "From that moment on, the majority always vote for the candidates who
    promise the most benefits from the public treasury, with the result that
    every democracy will finally collapse due to loose fiscal policy, which is
    always followed by a dictatorship."

    "The average age of the world's greatest civilizations from the
    beginning of history, has been about 200 years"

    "During those 200 years, those nations always progressed through the
    following sequence:

    1. From bondage to spiritual faith;

    2. From spiritual faith to great courage;

    3. From courage to liberty;

    4. From liberty to abundance;

    5. From abundance to complacency;

    6. From complacency to apathy;

    7. From apathy to dependence;

    8. From dependence back into bondage"

    Professor Jose ph Olson of Hemline University School of Law, St. Paul,
    Minnesota, points out some interesting facts concerning the 2000
    Presidential election:

    Number of States won by:
    Gore: 19
    Bush: 29

    Square miles of land won by:
    Gore: 580,000
    Bush: 2,427,000

    Population of counties won by:
    Gore: 127 million
    Bush: 143 million

    Murder rate per 100,000 residents in counties won by:
    Gore: 13.2
    Bush: 2.1

    Professor Olson adds: "In aggregate, the map of the territory Bush won
    was mostly the land owned by the taxpaying citizens of this great country.

    What this means is that places in America with trouble believed Gore would help better than Bush whereas places with less trouble figure Bush would ignore those other places and help them stay ignorant better.

  9. #9
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    Default Re: Clinton proposes 401K matching funds

    In short, there are two and only two types of people in this world, and you can measure them by who they voted for. One type is superior and one type is distinctly inferior. Ctc obviously does not belong to the inferior crowd. Moreover, he does not want any of the unwashed to come near him or bother him in anyway (like complaining about anything), but he reserves the right to throw stones in their direction.

    Professor Jose ph Olson of Hemline University School of Law, St. Paul

    What do they teach at Hemline University, sewing?

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