Democrats and Obama Plan to Take Your 401K?? October 24, 2008
Posted by Jehuda in Uncategorized.Tags: Economics, Money, News, Politics
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Wow. When I saw that the government of perennial financial screw-up Argentina was planning to confiscate private pensions to make up for a lack of funds, I told myself something like that could never happen here.
Looks like I was wrong. The Democrats are planning something pretty close to it if Obama becomes President. Say goodbye to your 401K. And forget about 401K tax breaks.
