401(k) Foe Teresa Ghilarducci, the Most Dangerous Woman in America

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holy cow. Time to take the penalty and take it out

tony of CA 11:07AM April 25, 2013

Wade's comments are right on the money. This is the problem with these people (liberals) and Obama let the cat out of the bag with his "you didn't build this" comment. These twits have the mentality that the money we invest was somehow grown at the expense of others, hence they are justified in seizing our money. Quite simply, there are not publishable words that I can write in this forum that are strong enough to condemn this conduct. By no means am I rich. I put myself through college (with federal tax dollar grants going to my college, so it's gvmt paid for somehow). Learned a trade in the US Navy (on a taxpayer funder aircraft carrier). I scrimped and saved and my employer did a company match, although those are now disappearing. I started a Roth IRA with more of my scrimping. Yet somehow the self propelled landfill of this country who has zero ambition to get ahead and provide for themselves is "entitled" to my earnings. This is after I paid taxes my entire life to support these malcontents. Yes PBO and Ghilarducci, you and your ilk are getting EXACTLY what you desire. Total class warfare while you and your party destroy this country. Bravo.

Rick of MN 2:59AM November 30, 2012

redistribution of my money and my 401k that is not going to happen.Plesa wake up lady Ghilarducci.You and your friend Obama have no idea what capitalism mean to this country. 47 million of parasite living upon the welfare,I'm not willing to give up not even a penny of my savings you are as socialist,liberal as a communits can be.

rolando of FL 11:14PM November 29, 2012

I am a logical and polite conservative, And I thoroughly oppose. So to paraphrase, she suggests that those that proactively through a lifetime of financial decisions decreased personal risk of poverty in retirement, now be forced to provide security for those that did not or do not plan accordingly is ridiculous. Additionally, I can see through this story; No cost to government, spread the wealth, lower costs, guaranteed 3% returns plus inflation, and more that are too broadly defined by economic conditions in a normal economy, not even considering the poor state of government spending. Combined this with one other variable, unfunded liabilities that will be all to tempting to "fund" with this large infusion of monies and you have a recipe for spending the poverty, not wealth. This is crazy, I mean if we do this then somebody will proposed a "spread the Health" plan to provide universal healthcare to all regardless of contribution at no additional cost! I know plenty of people that slow but steadily saved for retirement and live well. It is a simple process that others are not responsible to provide for you. Equal opportunity is the only guaranteed, If outcomes are equal, I will now take Teresa Ghilarducci's Director role and numerous other forms of revenue and perform the job myself.

Wade of CO 4:13PM November 29, 2012

Thief thesis- everything should be equal, Every player get a trophy just for being there.

C.John Smith of PA 2:38PM November 29, 2012

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escort girls Paris of AR 6:54AM September 01, 2012

This article's title is simply wrong. Ghilarducci is a legitimate critic of the 401K system, but her plan in no way involves any government "confiscation" or taking away of existing accounts. This falsehood has been disproven time and time again--see Fact Check.org at http://www.factcheck.org/2008/11/iras-401ks-and-you/
And the obscene, ignorant comments on here just show how the right wing has poisoned our pubic dialogue with their stupidity and refusal to have civilized discussion based on facts rather than emotions and hatred.

Mike Richards of DC 11:57AM July 25, 2012

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DSLR-A850 of AL 5:39PM November 17, 2011

Something is way outa wack here!!.. My money is my money (of course after Uncle Sugar gets his part) but after that it ALL MINE!
I served and retired from the military that was fighting against all the ideas these people are entertaining as some way to fix the broken old ideas. If they are reaching that far to save a buck. Why not start in their own back yard. I had to serve 20 years to get my military retirement. I knew that up front and I was willing to live with that choice. But those government officials that serve for four years and get a hefty retirement and free medical. Retired military don’t even get free medical anymore and those that did when that was the policy got shafted into paying now.
The Government changes their collective minds at the drop of a hat and feel we should all jump on board.
Here are some good ideas:
Regulate the cost of fuel.. Fuel prices rising are what drive up the cost of everything else and the cost don't drop once the fuel drops.
Sink some honest to god money into alternate forms of energy.. There are scores of everyday people building electric cars but because some oil company bought the rights to some really good battery technology and are holding that under lock and key. We will never have access to something that could end our dependence on fossil fuel.
Give a tax break to large companies or any company that keeps their product manufacturing 100% in the US. The only way they can get the break is to prove they buy NOTHING from for outside the US and this will be reported yearly.
Stop giving money to companies that are going to use it to pay out bonuses. If I’m not mistaken, those companies the government bailed out had to spell out how they were going to use the money. Well maybe I’m thinking of how much crap I have to go through to get a loan! I may be mistaken!!

Kevin of AL 3:16PM August 19, 2011

Annuities or a guaranteed benefit, perhaps as an option or addition to an individual plan would provide a backup if more speculative investments did not pan out. Or perhaps those who oppose such an idea prefer to become a tax-payer burden, or perhaps they are financial advisers who prefer to leave retirement funds exposed for the taking.

Anonymous of CA 11:00PM April 17, 2011