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|Subject: Re: Obama wants your 401K/IRA||Date: 2/23/2013 12:04 PM|
|Author: arrete||Number: 672744 of 779824|
Your paranoia and your hatred of anything about Obama have taken possession of your common sense!
No way can, or would, ANYONE, of either party, try to take away your 401k or IRA money!
It's been done before:
>> Hungary nationalises private pension funds,” exclaims Czech daily Hospodárské noviny. On 13 December, the Hungarian parliament approved a law to enable the government to take control of mandatory private pension funds, which will now be reintegrated in the country’s public pension system.
The state is planning to use the recovered money as “a stopgap” to reduce public debt (which stands at approximately 80% of GDP) and the country’s spending deficit, in line with promises made to the EU and the IMF. The measure, which will come into force at the end of January, could result in lower pension payments. <<
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