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alstry (35.38)

Alstry solves Social Security and Pension Crisis......

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March 25, 2009 – Comments (10)

Right now many pension plans are severely under funded.  Social Security is practically bankrupt.  These problems are only likely to get worse.....MUCH WORSE in upcoming months........especially as the US economy shrivels like a prune as jobs are cut and shipped overseas to save money.

Here is what I think our Treasury Secretary might be proposing in upcoming weeks.....

The USA National Retirement Fund

Where ALL retirement plans, that have received the benefit of tax favored treatment, get rolled into ONE large single fund to assist ALL Americans with retirement.  These plans would include IRAs, SEPs, 401Ks, 403Bs, Pensions, Social Security etc.......

In one fell swoop....we would resolve the Social Security and Pension Crisis and much of the entitlement obligation of the USA would be wiped off the books and the dollar would SKYROCKET!!!!!!!!!!!!!

Just think.....in one simple transaction....Alstry just solved one of the biggest issues facing America AND strengthened the dollar at the same time.......

Do you think Mr. Geithner might be reading this blog???????????????

10 Comments – Post Your Own

#1) On March 25, 2009 at 4:09 PM, motleyanimal (85.26) wrote:

That's a whole lot of stocks and bonds to confiscate. Hugo Chavez would be proud.

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#2) On March 25, 2009 at 4:16 PM, alstry (35.38) wrote:

Let's not call it confiscation....that has such a negative connotation....let's call it tranformation towards retirment stablization and fiscal ejaculation

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#3) On March 25, 2009 at 4:42 PM, jamasony2 (< 20) wrote:

Add this to your list of social turmoils brewing, Alstry:

 

http://www.cnn.com/2009/BUSINESS/03/25/uk.goodwin.attack/index.html?eref=rss_latest 

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#4) On March 25, 2009 at 4:43 PM, JTShideler (78.81) wrote:

And here I thought you were going to give people over 65 the choice of euthanasia or foregoing their entitlements. 

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#5) On March 25, 2009 at 5:25 PM, alstry (35.38) wrote:

Then after all the money is pooled into The National Fund....it could be used to purchase only Treasury Debt to buy down interest rates which in turn would stimulate the economy and create new jobs.

The plan is sounding better and better by the minute.

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#6) On March 25, 2009 at 5:31 PM, 100ozRound (29.42) wrote:

Until Congress votes to use that money to fund their new pet projects

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#7) On March 25, 2009 at 5:34 PM, Hudarios (< 20) wrote:

Sadly, I wouldn't be surprised at all if this actually happens. It's either this, or they'll simply start taxing 401ks and Roth IRAs. No pool of money is safe either way.

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#8) On March 25, 2009 at 5:46 PM, IIcx (< 20) wrote:

Are you ever going to grow up and pull your head out your morass?

 

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#9) On March 25, 2009 at 5:49 PM, motleyanimal (85.26) wrote:

I'll spend my IRA on a Corvette and prostitutes before I let them get it.

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#10) On March 25, 2009 at 8:53 PM, Summer115 (< 20) wrote:

They are not going to stop abusing Social Security until we are at the mercy of the stock market for our retirement.

So far Social Security has beaten everything.  The market has lost half it's value for many retiree savers.

The idea that a government would borrow our retirement and all the while saying they can't pay it back, while giving tax breaks to the rich and all that.  How did this country become so corrupt and ignorant?

Is there an honest man in the senate or congress.  Kent Conrad and Judd Gregg should be ran out of town.  They have conspired against Social Security for years.

The republicans have 3 answers to every problem:

Bomb Iran or Iraq

Cut taxes for the rich

Cut Social Security benefits and work til you are 70 for full retirement.  This will balance their ignorant budget while we send money to the rich to bail them out.  No more sacrifices!

 

 

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