Thursday, March 25, 2010

"Your" 401(k)? Wrong, Sucka!!

Ol' Andy Stern of SEIU fame (the purplethugs) has a request.

One of the nation's largest labor unions, the Service Employees International Union (SEIU), is promoting a plan that will centralize all retirement plans for American workers, including private 401(k) plans, under one new "retirement system" for the United States.

That means that your 401(k) will be sucked into the Gummint's maw and re-distributed to folks whose Union pension plans are unable to pay out on their promises.

(They just got $10Bn out of ObamaCare).

You read that right. The "reconciliation" HEALTHCARE bill includes a $10Bn gift to Union pension plans which are underwater.


Beer, Bicycles and the VRWC said...

That $10B will go to the thug leadership of the SEIU and they'll score your 401K to make up for it.

BTW, I called this one 20 years ago.

neomom said...

If they go for this one now, the rage will make the rage over the healthcare bill look like an afternoon in Disneyland..

Disgruntled Car Salesman said...

Yeah, that'll be the last straw...

Beer, Bicycles and the VRWC said...

As soon as this sees the light of day, I'll convert my 401k and IRA to cash, pay the penalty and stimulate the economy.