Every citizen could get a 401(k) retirement account and up to $1,000 in annual matching funds from the government under a plan offered Tuesday by Democratic presidential candidate Hillary Rodham Clinton.
At a cost of $20 billion-$25 billion a year, the plan is Clinton’s largest domestic proposal other than her plan for universal health insurance. The New York senator said it would be paid for by taxing estates worth more than $7 million per couple and would help narrow the gap between the rich and those who don’t have enough savings for retirement:
: Clinton said less than half the families in the United States have retirement savings accounts and those who have them aren’t saving enough. She said she often meets people working even into their early 80s because they don’t have enough savings.
“We don’t have much of a nest egg to fall back on,” she said.
So we put money into an account and then the government takes our money and puts it into our account? How about I keep my money and invest it myself!
This is a prime example why we need both psychological and drug testing of candidates. Hillary is both nuts and cannot add.
Here’s what I don’t get about Hilarycare: She says it going to be $100 billion a year to implement this. However, the State of Ohio is looking at a similar plan. For just the state of Ohio would be $55 billion per year.
The numbers do not make sense.
opps- for got to add on post 2:
So, why should we trust these numbers?
Hey Ted, can you get links so I can add that to the post?
Man, she is outmanuvering all her opponets on her side or not.
Putting these sweeping policy plans out there really keeps her name in the news, and tries real hard to grab those fence-sitter voters.
Say what you will about the woman, but she runs an AMAZING campaign.
Yeah…amazingly absurd. This is George McGovern 1972 on steroids.
You’re going to lose.
Never underestimate a Clinton.
The Klintons are just campaign geniuses! Here’s the formula for a HilLiary win:
1. Load up with illegal Chinese money. You can never have too much money!
2. Turn the smear team loose on the opposition. They haven’t even got started yet; they’ll first deal with her Demcorite opposition, then in the election you’ll see their best efforts. They’ll take the politics of personal destruction to new lows.
3. Work closely with and take advantage of Soros-funded Media Matters and Constitutional Criminals in the Congress who want to use public money to target free speech they don’t like. Silencing the opposition is an ideal way to kake sure the sheeple don’t her anything more than Hillary’s campaign ad phony soundbytes.
Yes, she is one hell of a campaigner, filled with energy and ambition and absolutely unfettered by constraints including ethics, conscience, integrity, the law, the Constitution, and what’s really best for America.
If she works it right, and every indicatuon is she’s on track, then BHDS sufferers, unhinged Liberals, Demcrite partisans, sheeple, babbling idiots, hardcore nutballs, moonbats, and useful idiots all over will vote for her!
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Yes, never underestimate a Klinton. However degenerate, disgraceful, or downright evil you think they are capable of going, they’ll invariably go lower if it is to their advantage.
Posted, but not showing
See if the link is caught.
ARGGGG! No it isn’t, but it looks like a lot of links came through, so maybe it was at the same time?
Actually from hearing the details of the plan, it’s a winner all right. It’s NOT a $1000 per person of government money to put in a 401k plan. It’s UP TO $1000 in MATCHING FUNDS in the form of a TAX CREDIT. In other words, if you don’t save $1000, you don’t get a $1000. Oh wait, even if you do save $1000, you won’t get a $1000, only a $1000 tax credit. Meaning if you manage to save $1000 in a 401k, you’ll get a tax credit for the $1000. It sounds good, but the devil is in the details. You really don’t get ANYTHING under this plan unless you’ve already got the resources to not need it. I really wish they were going to give matching funds up to $1000 for annual 401k contributions. It would mean I might actually see some of the Social Security taxes I’ve been paying for the last 27 years when I reach retirement age. I think I can do better with the money than the government has. Social Security is paying a return of approximately 1.5 % annually, my 401K from my old job is averaging over 15% annually. Which return on investment do you think I want? That’s why I was supporting privatizing at least a portion of social security. It would not only provide larger benefits, but the influx of additional capital into the securities market would energize the market to even greater gains resulting in even greater return on investment and hence substantially larger benefits.
http://www.politico.com/news/stories/1007/6250.html
The Democrat’s answer to everything, Tax and Spend.