The real story behind America’s new $20 trillion debt

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September 13, 2017, 07:59 AM

chellim1

The real story behind America’s new $20 trillion debt

quote:
They can pry my 401K from my cold dead fingers.
Won't have to - they'll just deduct it electronically from your account.

More likely... they will offset what you have coming to you from Social Security, because you don't NEED it. See, you have this other retirement income from your 401K so to "save" SS they will make it a "needs based" program.

So all the people who "paid in" to SS but realized it wasn't enough, and also set aside money in a 401K will get to subsidize little Juanita who paid in nothing or very little to SS.

"Some things are apparent. Where government moves in, community retreats, civil society disintegrates and our ability to control our own destiny atrophies. The result is: families under siege; war in the streets; unapologetic expropriation of property; the precipitous decline of the rule of law; the rapid rise of corruption; the loss of civility and the triumph of deceit. The result is a debased, debauched culture which finds moral depravity entertaining and virtue contemptible."
-- Justice Janice Rogers Brown

"The United States government is the largest criminal enterprise on earth."
-rduckwor

September 13, 2017, 08:17 AM

MNSIG

^^^^

I think means testing SS would be first. Perhaps double taxing retirement funds that were supposed to be tax free at withdrawal, etc. They might even offer "incentives" to younger workers to roll their IRA into a "safe, secure, government annuity" that would subsidize the non-contributors when you die.

September 13, 2017, 05:07 PM

Aquabird

Part of the problem with Social Security and medicare is that you now have a lot of people drawing out that never put into it.
If everybody put money into a joint bank account and then people who put nothing in started to draw out of it, that would be illegal.