Monday, September 06, 2010

Ding! Ding! Ding!

I hear alarm bells ringing:
we’re making it easier for workers to save for retirement, with new ways of saving their tax refunds and a simpler system for enrolling in retirement plans like 401(k)s.
"New ways of saving their tax refunds"?  Is this an original way of saying that workers are not longer going to be able to get their own money back?

It's worse than that - Obama plans to have workers get funny money US savings bonds - and we all know that their value will NEVER go down, don't we, kiddies?
Today, if you have a retirement account, you can have your refund deposited directly into your account. With this change, we'll make it easier for those without retirement plans to save their refunds as well. You'll be able to check a box on your tax return to receive your refund as a savings bond.
No messy retirement plan, that leaves the money in private hands.  No, we'll put EVEN MORE of your retirement money in the government's hands - JUST like Social Security.

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