Quote:
Originally Posted by jyl
Yes, some politicians' actions are stupid, and ultimately so are the voter who elect and re-elect them.
But then there are ideas that are so utterly and obviously unworkable and impractical, as to be total non-starters - even for politicians and their voters. I am saying that the idea of the govt "seizing" 401k/IRAs and replacing them with 3% coupon IOUs is one of those.
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Honestly, do you think this 401k idea is any dumber than spending more than you take in until the point that you are a trillion dollars in debt? Stop and think about this a second. At one point we were a billion in the hole. Then it was 10 billion. Then it was 100 billion, then it was a trillion. Then it was... And all this time it never dawned on the Government this was a bad idea? And if they did figure it out they never thought to do something about it. How are those actions any dumber than the 401k idea? Do you realize what the interest is on the debt?
And as for the stupid voters you mentioned, since we first started running a deficit haven't all of them been turned over numerous times? In other words, no matter who was in office or what party was in charge the deficate has continued to grow? So how can you call the voters stupid in this case?