Obama and the Democratic Congress WANT 5% of YOUR 401K to Fund Social Security- what say you?

by OhioCritter-Adopt a Homeless Pet Posted November 01, 2008 03:53:12

15 votes
Read all 28 opinions
View Results and Demographics View Demographics

Loading Demographics... Click an icon to see demographic results Display unknown and private
	Yes- I think its a Great Plan	0 votes	0%
	No- Way - Its my MONEY	10 votes	67%
	Undecided	1 vote	7%
	None of the above	4 votes	27%

The Democratic Congress along with Obama have a plan to Do Away with the Pay roll tax of Social Security. In its place- they want to take 5% of YOUR 401K deduction from your paycheck- and use that money to fund the Social Security Program. YOUR MONEY- YOUR INDIVIDUAL RETIREMENT MONEY.
I don't know about YOU- But currently I only have 1% of my pay taken out for MY 401K. I can't afford more taken out- let alone being forced to take 5%- just to give it to the GOVERNMENT- to SPREAD to OTHERS.

Add a comment above

Sammy the Hatchet November 01, 2008 04:00:59

None of the above

+3
The democratic congress's irrational support of Fannie and Freddie, the effects of governmental interference through affordable housing initiatives, and good old pork politics already took a big bite out of my 401k. There aint nothing left boys go back to trying to balance the budget.
>> See Replies

BillySteve June 13, 2009 22:00:36

No- Way - Its my MONEY

They can eat the peanuts out of my shit.

reply
joneske98 November 05, 2008 12:48:44

No- Way - Its my MONEY

HELL NO!

reply
Turtle Chell November 03, 2008 13:42:43

No- Way - Its my MONEY

how can they be so stupid?

reply
crsone November 02, 2008 21:48:54

None of the above

This isn't true

reply
Shiloh's Angel-2012 November 02, 2008 03:11:55

No- Way - Its my MONEY

+1
I said it wouldn't be the end to OBama taking from us and here is more they plan to take! It's the people's fault for voting him in there!

reply
Blue_Ice November 02, 2008 03:00:04

No- Way - Its my MONEY

+2

No Way! No How!

reply
Docstrich November 01, 2008 22:35:48

Undecided

+2
I agree that Social Security needs changes, but I am unsure what the answer is. I know there is so much messed up with economics right now, I am surprised they haven't declared marshall law and Obama just declares himslef ruler of the world. Times are not good right now......

reply
Seonag November 01, 2008 12:17:02

No- Way - Its my MONEY

+2
I know they are still working on this 'idea.' One thing is to roll all the 401(k) accounts over into a government controlled entity. UK did this under Maggie Thatcher. The sad thing is, the program ended and the money disappeared. Congress has been using the annual 'excess' soc. sec. paid in for years. Had they been 'saving' it for the baby boomers' retirements coming up, we wouldn't be in this shape today. I sure don't trust Congress with my 401(k)!

reply
OhioCri... to Seonag November 01, 2008 12:47:58

+3
agreed. I am looking at stopping my 401K contributions. And starting a IRA

reply
Seonag to OhioCri... November 01, 2008 13:28:52

+1
Then rollover what is in the 401(k) into the IRA.

reply
Docstrich to OhioCri... November 01, 2008 22:36:53

+1
I will have to look into this idea.....where oh where will our money be safe? In our mattresses???

reply
Blue_Ice to Docstrich November 02, 2008 03:04:18

+2
What money?
Obama will take it all eventually.

reply
Shiloh'... to Blue_Ice November 02, 2008 03:15:20

+1
It is sickening that we'll have to go through this!

reply
Shiloh'... to OhioCri... November 02, 2008 03:13:17

It sounds like a winner to me I will probably do that too! Thanks

reply
imscared November 01, 2008 05:48:26

No- Way - Its my MONEY

+2
It is my money. I would like to have my social security contributions to invest myself. I guarantee I could do a better job with my money than the government can. The government has screwed up Medicaid, the prescription drug plan, social security and more. Basically they have screwed up every program I can think of why should we let them have more? They need less control not more!!

reply
Shiloh'... to imscared November 02, 2008 03:16:12

OBama will take control of it all for you!

reply
Sammy the Hatchet November 01, 2008 04:00:59

None of the above

+3
The democratic congress's irrational support of Fannie and Freddie, the effects of governmental interference through affordable housing initiatives, and good old pork politics already took a big bite out of my 401k. There aint nothing left boys go back to trying to balance the budget.

reply
CornerBlitz November 01, 2008 03:58:21

No- Way - Its my MONEY

+2
Not to seem ineffectual, but Obama and tactics to Rob me and my family of our money to give it to crackheads is bust.

They can Rot.

reply
Shiloh'... to CornerB... November 02, 2008 03:17:47

And the people pick him for president!It's sick!

reply
Gracie - Proud Conservative November 01, 2008 03:57:22

No- Way - Its my MONEY

+1
I'm gonna be glad if they only take away 5%. I think they are coming after the whole thing. How else are they going to save their butts when it comes to social security. That is my number one fear of Obama being elected with a supermajority of Democrats. My Thrift Savings Plan is from the federal government and they are probably going after that for sure. I can take early retirement but can't really afford to. That could be a consideration. If they come after it I might have to retire to save it.

reply
OhioCri... to Gracie ... November 01, 2008 04:01:27

+2
ya - BUT only 5%- I currently only have 1% taken out- the government would force all
to take at least 5% out- hence- LESSER Pay Check for ME- and Many Many Others.
Thought Obama wanted to GIVE ME MORE MONEY IN MY PAYCHECK.

reply
Gracie ... to OhioCri... November 01, 2008 04:07:22

Yeah, ohcritter, but I have to have more taken out, I currently have 10% and need to go higher. I just got my papers for early retirement because they are trying to get people to retire voluntarily because we are losing so much money. They aren't really offering any incentives yet. I can't get social security until I'm 62 but when I get 30 years which is at age 60 I get a supplement to replace social security. I know most people today don't have that opportunity but I can't go without it. I don't want to retire to have to work a lower paying job. I don't want my Thrift Savings Plan involved in social security. We know what a tragedy that would be.

reply
OhioCri... to Gracie ... November 01, 2008 12:50:17

+3
GOOD LUCK - Gracie- I knew my company just informed us of MAJOR Cut Backs=
and NO 2009 PAY RAISES. Trying to Avoid Lay Offs. = YET our INSURANCE RATES ARE GOING UP.

reply
Docstrich to OhioCri... November 01, 2008 22:38:40

our company's insurance is going up 13% next year, and it's a dang hospital! I can't afford it, as I am 4 hours short of full time......can barely afford my life insurance!

reply
Shiloh'... to OhioCri... November 02, 2008 03:21:28 (edited)

It's just like his tax plan,first it was $250,000 then it was $200,000 and then Biden said $150,000 before deductions.He's going to play with the percentages the same way too!

I have an IRA and I'll just have to roll my 401 into it!My pension will go there too in a few!

reply
Fat Bastard November 01, 2008 03:56:07

None of the above

I have no 401k.

reply
Dave Sawyer ♥ Child of God ♥ November 01, 2008 03:55:24

None of the above

+3
I spent my 401K in 1992 when I lost a job I had for 16 years. I used it for retraining and supporting my family.

reply
Shiloh'... to Dave Sa... November 02, 2008 03:28:56 (edited)

+1
I left a job after 18 and 1/2 years to go to another job because there was an surge of work going overseas due to NAFTA agreement signed by the Clintons and I took some out and was taxed 40 % and then I rolled the rest into an IRA !

reply