American Retirement Savings proposal - Clinton?
I really had a hard time reading through the American Retirement Savings that Clinton proposed as part of her platform in running for president. What happened to Social Security? Why is she trying to come up with a 401k plan for Americans to save for retirement when we have Social Security. I along with most every American working is NOW paying into this Social Security retirement savings plan and a good chunk of my paycheck at that. How is it possible for politicians to still take money out of our checks (the younger generations -- 20's to 40's) when they have already said that these funds are not going to be available to us when we retire? What makes you think that we will go along with this same type of a plan (except calling it a 401k)? The government will use this money - just as its used our Social Security. Is there an escrow account that this will go in that government will not be able to touch? Why should we have to pay into this 401k and Social Security?
Public Comments
- Next thing you hear is Hillary will give you a new car if she wins. This witch is grasping for straws. I hope no one is foolish enough to take her seriously...
- Bush proposed a retirement savings account early in his Presidency, pundits laughed at him. Hillary does it and suddenly it is the most brilliant plan in existence. This is further evidence of the liberal bias and hypocrisy.
- I think the plan is for us to manage our own "national" 401(k) which we would contribute to...not to a govt fund, but our own. The thing that bothers me is the part about "matching government funds"...how the heck is she going to pay for that AND social security AND medicare AND the wars AND her massive health care program???? And you think your taxes are high now???
- You (along with SO MANY otherwise apparently intelligent Americans) are mistaken as to the purpose of Social Security! It is NOT (and was never sold as) a retirement plan...it is an INSURANCE system to cover you if you become disabled (and unable to work) that also pays a death benefit to your family if you die, and a "supplemental pension" to you after you retire. IT'S NOT SUPPOSED TO BE ENOUGH TO LIVE ON!!! There IS someone who IS responsible for saving up enough for you to live comfortably on in retirement, however, you can see who in every mirror in your house!
- she did not touch on the details as of yet on how it is structured
- Ask your self 1 Question. Who do you trust with your money? Yourself or a pack of politicians?
