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How would you feel if your 401k?
was confiscated and added to Social Security?
Last I checked I was down 40+ % since the Democratic takeover in 2006.
Now Obama has devalued currency by printed trillions of unbacked paper money, so I will guess another 5-10% drop in value.
But now, what do you think about the government taking your 401k money and putting it in Sociali Security for others to use including people with stolen SSNs?
Unless Madoff was a democrat in congress my money never went thru his Ponzy Scheme, but I do have some going into Uncle Sam's Ponzy scheme.
5 Answers
- Anonymous1 decade agoFavorite Answer
That is Obama's grand plan. If the market tanks enough, it will make the gov. backing up 401Ks and IRAs seem like a godsend. At that point we are all dead. They will waste it all and spend it all and we will be left cleaning the messiah's feet, kissing his hands, and begging for bread. Just the way Obama likes it. BUY GOLD BUY GOLD BUY GOLD BUY GOLD BUY GOLD BUY GOLD
- 1 decade ago
Not gonna happen...but tell me. Exactly how does someone with a stolen social security number get a social security benefit that they didn't earn? Someone uses my social security number and works then I get an extra benefit of their additional income. They can't get the benefit until I turn age 62 and by then I would have noticed the extra income on the insert that is now sent out annually by SSA.
So clue me in...how can they do this?
- Bergit OLv 41 decade ago
Chances are, most of your 401k is gone anyway. Most people's 401k's have bled away and there's precious little left.
It doesn't much matter for now. I feel very sorry for those who are at retirement age, poured funds into the 401k, lost it all through thievery and corruption, and are trying to figure how how they are going to live in their old age on funds they were counting on and no longer have.
So to keep our elders from starving, because their retirement savings were also robbed, I guess we try to help them out.
The good ole USA has gone all to *ell right now. Heaven help us.
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