More Big Government for Hillary, 401Ks run by the Government and Tax Credits for all

Hillary has decided that government run healthcare is not enough; she now wants to have a government run 401k system. Today she laid out a plan for a government run 401K plan with what she calls "American Retirement Accounts." She also calls for a tax credit of $500 or $1000 to encourage people to save, and she will pay for it by freezing the estate tax. She will make these accounts voluntary. Hillary maybe has spent too many years out of the mainstream of America. Portable retirement funds are available everywhere, you can even sign up for one online in three minutes. We already have tax incentives to save in these accounts. What Hillary now wants to do is to take away the free market from Investments. She could propose to change the tax code without having a government takeover of retirement accounts. What is wrong with T Rowe Price or Vanguard. Hillary makes it clear with this proposal that she has never me a government bureaucracy that she does not like. Let’s take something the free market already offers and have the government run it. Either she does not understand the Constitution or finds it inconvenient. It is time that people stand up to Big Government advocates and make them respect the free market and the Constitution of the United States of America.


http://firstread.msnbc.msn.com/archive/2007/10/09/403792.aspx

Sphere: Related Content