Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

jxt299
Lv 7
jxt299 asked in Politics & GovernmentElections · 8 years ago

How Badly Will Your 401 and 457 be hurt by Republicans not passing the debt limit, and if the US defaults?

What per centage of your assets do you anticipate losing because of them? On a scale of 1 to 10, how happy are you with Republican politicians playing with the value of your savings out of their political ideology, with 1 meaning not happy at all and 10 meaning you are happy to have your assets slashed.

7 Answers

Relevance
  • 8 years ago
    Favorite Answer

    I'm not happy at all.

    But I'm ready, willing, and able to have my 401 take a hit if it means that the Republicans won't get their way.

    No way should they be allowed to hold this nation hostage and blackmail this country so that they can have their way about getting rid of ObamaCare.

    They've tried and failed over 40 times already. They moaned and groaned about it being unconstitutional and when the Supreme Court ruled that it was, the GOP still wasn't happy.

    Enough is enough.

    They've lost all the battles and war over ObamaCare. It's over. It's finished.

  • 8 years ago

    10

  • ?
    Lv 6
    8 years ago

    So Democrats have no role in it? Obama keeps says it about paying past bills. He's lying to the people. It's about future spending. The US takes in around 2.7 trillion per year which is more then enough to pay the interest on the debt. It just isn't enough to cover what they spend.

  • Jeff D
    Lv 7
    8 years ago

    The US government has more than enough revenue to service the debt. There will be no default no matter how many times liberals try to scare people with that lie.

    My investments will be just fine, thank you. Wall Street actually wants the government to rein in spending.

  • RJC
    Lv 7
    8 years ago

    Not near as bad as when we have to start paying back the dems spending from propping the stock market with printed money........A big driver in the stock market's multiyear bull run is the market-friendly stimulus provided by the nation's central bank. But Wall Street wonders if the Fed can keep propping the market up forever..........................http://www.usatoday.com/story/money/markets/2013/0...

  • Anonymous
    8 years ago

    Not at all, I don't live in your sewer of a country.

  • ?
    Lv 7
    8 years ago

    My 401K will not be hurt a bit......thank you for caring though.

    I feel that you are simply stirring up crap for your own political agenda.

    I take it that you are a ......liberal???

Still have questions? Get your answers by asking now.