Remember how libs howled when Bush proposed a retirement plan?

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DEMOCRAT​



Obama signed a presidential memorandum Wednesday authorizing the Treasury Department to create a new retirement-savings vehicle.


Called "myRAs," the accounts were among the proposals Obama unveiled during his State of the Union address.


To underscore his focus on executive action, the president pulled out a pen and signed the paperwork greenlighting the retirement savings accounts.


The myRA accounts will feature just one investment option—a Treasury bond.





http://online.wsj.com/news/articles/SB10001424052702303553204579349792616592648?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303553204579349792616592648.html
 
But Obama is the king.....

I like how they are limited to only one option, Treasury bonds. He has already labeled his sheep as too stupid to be able to handle their own money and have more than one choice when investing.

I thought liberals are all about choice???
 
Good point. Democrats have to dumb down America in order to subject us to their rule. It won't happen, of course, but it is their Utopia.
 
These myRAs are just one more option, are they not? We have lots of choices as to where we put our retirement savings.


Can you imagine how fucked we would have been in 2007-8 if Bush had been successful in privatizing social security?
 
maineman said:
These myRAs are just one more option, are they not? We have lots of choices as to where we put our retirement savings.


Can you imagine how fucked we would have been in 2007-8 if Bush had been successful in privatizing social security?
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Given the markets are currently above those levels... tell us... how fucked would we be?
 
maineman said:
pretty fucked. Especially the folks who relying on a steady rate of return from their investment.
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lmao... so their overall funds would be higher. Those that were already in retirement would not have been invested in the equity market.

So again... how exactly would they have been 'fucked'?
 
maineman said:
I am in retirement and 50% of my funds are certainly invested in the equity market.
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I am talking about social security funds specifically. The ability to invest SS funds in the equity market was to be restricted to those that were under 55. Hence, they would not have been fucked. Nor would those currently or near the point of taking funds.
 
http://money.cnn.com/2005/02/02/retirement/stofunion_socsec/

The accounts are voluntary. But participation would be phased in over three years according to age. In the first year -- 2009 -- workers born from 1950 to 1965 could open accounts. In the second year, workers born from 1950 to 1978 could open accounts. In the third year, anyone born after 1950 could opt for an account.

President Bush indicated that eventually, workers would be permitted to invest up to a third of the 12.4 percent payroll tax that they and their employers pay on their wages. (Workers pay 6.2 percent and their employers pay the other 6.2 percent.)

Annual contributions would be capped at $1,000 in 2009 and thereafter rise slightly more than $100 per year.
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