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Northrop Grumman Corporation Message Board

  • mikeatthebeach1 mikeatthebeach1 Oct 30, 2008 9:05 AM Flag

    Your 491K account will be taken away by Obama

    Give me Liberty or Give me Death - Thomas Jefferson

    Obama and Biden have dangerous idea's like Carl Marc Communism !!

    KEEP HAMMERING ON REDISTRIBUTION ON WEALTH !
    Giving our Freedoms to Socialized Goverment.
    Never have I seen more dangerous idea's surface in the history of this nation.

    PLEASE READ THIS LINK.
    http://www.americasbestcompanies.com/blog/socialized-401K-plans.aspx

    SortNewest  |  Oldest  |  Most Replied Expand all replies
    • "Nationalizing" 401K's is a akin to Congress overruling 40 acres and a mule for each returning soldier from the Civil War.

      Subsequently doing just that, ex soldiers burned down Washington DC. Congressmen ran to the Capital, as memory serves, and overruled, their withdrawal those benefits.

      On the other hand, your little sentence, instantly revert accounts to pre deflation levels, would gift about 400K for every 600 remaining in older accounts, and that would occur just about the time $5 TRILLION hits inflationary streets. The current rate of payback on that kind of investment is 8%, it hit 13% under the worthless Carter years.

      So whattya want? Go it alone on 600K and hope you're Warren Buffet, or let these jerks give you an IOU and pay you 8-13% on a million?

      Me? I just sit here polishing my gun.

    • 491k account???

      let's see the square deal under teddy r., new deal under franklin r, civil rights, medicare, under l. Johnson, it has all about giving more freedom and rights to all the people not a select few. be scared be very scared because you really might benefit from a move in this direction. it continues to amaze me how folks continue to vote on principle versus their own self interest.

 
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