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	Name:	MartiniMan -
	Subject:	Actually a brilliant idea from their perspective
	Date:	10/18/2010 9:21:17 AM

You turn in your current 401k money in exchange for an annuity at retirement. The money goes into the general fund to pay for the increase in the size and scope of government. It will not reduce the deficits because it will come with a future liability (the annuity that must be paid.....but like Hound and Keynes, who cares, they'll all be dead before the bill comes due). Sadly, some will fall for this scam because of ignorance or fear or both. So instead of being in control of your own financial destiny you turn it over to the federal government who you cannot sue if future generations of politicians decide to change the benefits. And if you die your family will not get the fruit of your hard work and thrift.

What people don't understand is what the concept of risk means in terms of financial investments. Risk is uncertainty, pure and simple. What greater uncertainty can their be with the federal government. Want to cut $500B from Medicare? Done. Want to force private insurers to take on significant additional risk driving up costs? Done. Want to tax social security benefits? Done. The federal government can pretty much do anything and our only recourse is our vote. So vote all the Demoncrats out in November and then turn out attention to OCarter in 2012.

Other messages in this thread:

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A cut and paste of interest to all - Lifer - 10/17/2010 9:29:31 AM

Interesting - Talullahhound - 10/17/2010 7:41:14 PM

Interesting - Barneget - 10/17/2010 9:39:03 PM

Interesting - Talullahhound - 10/18/2010 8:47:15 AM

Actually a brilliant idea from their perspective - MartiniMan - 10/18/2010 9:21:17 AM

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