The Mudcat Café TM
Thread #114174   Message #2477621
Posted By: heric
27-Oct-08 - 06:45 PM
Thread Name: BS: Notes on the Presidential Campaign
Subject: RE: BS: Notes on the Presidential Campaign
1 in 6 chance of dying?

And what odds of becoming disabled? Or being excessively grumpy?
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Obama never told me about this one:

"Under Ms. Ghilarducci's plan [presented to a favorable reception by House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., chairman of the House Ways and Means Committee's Subcommittee on Income Security and Family Support], all workers would receive a $600 annual inflation-adjusted subsidy from the U.S. government but would be required to invest 5% of their pay into a guaranteed retirement account administered by the Social Security Administration. The money in turn would be invested in special government bonds that would pay 3% a year, adjusted for inflation.

The current system of providing tax breaks on 401(k) contributions and earnings would be eliminated."

Granted - this is just a new idea in the formative stages. But it should give anyone pause about the Democrats controlling House Senate and Executive all at once.