This guy is shoveling from all directions!
"As nest eggs gobbled up, Obama promotes saving" By Associated Press | September 6, 2009
WASHINGTON - The recession has eaten into people’s nest eggs so the government is promoting ways to make it easier to save for retirement.
Umm, WE NEED that $$$ to LIVE, you bastards!
It's OUR MONEY and LEAVE IT ALONE!!!!
You have LOOTED ENOUGH!!!!!!!!!!!!!!!
And HOW COME the BANKS have COME BACK and EVERYTHING is POISED for RECOVERY, but PENSIONS stay IN THE TANK, huh?
SOMEONE STOLE a HELL of a lot of LOOT -- if it was ever really there.
One initiative that President Obama outlined in his weekly radio and Internet address yesterday will allow people to have their federal tax refunds sent as savings bonds.
Understand this? Know what eff that means?
Others are meant to require workers to take action to stay out of an employer-run savings program rather than having to take action to join it.
Yup, DIVERT YOUR HARD-EARNED DOUGH to the WALL STREET LOOTERS!
“We know that automatic enrollment has made a big difference in participation rates by making it simpler for workers to save,’’ Obama said. “That’s why we’re going to expand it to more people.’’
Ummm, I WOULD NEED THAT MONEY to LIVE NOW -- IF I could FIND WORK!
The new federal steps, which do not require congressional action, include:
Making it easier for small companies to set up 401(k) retirement savings plans in which all workers are automatically enrolled unless they ask to be omitted.
Why should you have to OPT OUT?
Employers can set default amounts of each worker’s pay - perhaps 3 percent - to automatically be deposited into the accounts without being taxed.
I'm sorry, I NEED ALL THAT MONEY to LIVE, a**holes!!!!!!!! I'm NOT LIVING OFF the TAXPAYERS like YOU SCUM-S***S!!!
Workers can raise or lower the contribution levels, and they choose how to invest the money. They will pay taxes on the money only when they withdraw it as retirees, when their tax rates are likely to be lower than when they are working full time. A similar process would apply to savings plans called SIMPLE-IRAs.
Unless you take it out early; then they nail you with penalties (personal experience there, folks).
Still, I'm glad I did it. I needed it to live and I no longer want Wall Street or the government holding any of my cash.
Allowing such plans to automatically increase the amount that workers save over time unless the workers object.
Gee, he REALLY WANTS INTO your PAYCHECK, doesn't he?
It's because THE GOVERNMENT is BANKRUPT and ABOUT to DEFAULT and needs EVERY DIME it can scrape up!
Allowing people to check a box on their federal tax returns asking that any refund be sent as a savings bond. More than 100 million US households receive refund checks each year, and many are promptly cashed and spent.
Yeah, because PEOPLE NEED IT TO SURVIVE!
And THINK ABOUT IT: it is YOUR MONEY that the GOVERNMENT KEPT, taxpayer!!!!
They KEPT MORE THAN THEY WERE ENTITLED TO (as if they were entitled to any of it) and "GAVE YOU" a "REFUND!"
Allowing workers, when leaving a job, to direct unused vacation pay to a retirement savings account rather than taking it in cash.
I'll TAKE a CHECK, please!
“This recession has not only led to the loss of jobs, but also the loss of savings,’’ Obama said, citing declines in home values as well as sources of retirement income.
But BANKS, CORPORATION, and WAR LOOTERS are doing JUST FINE!
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