Free Talk Live - Published news - Social Security

Is government at all levels falling apart?

masshole — Fri, 19 Mar 2010 13:16:10 +0000

Government services will be cut at every level. Potholes will deepen, infra-structure problems will worsen, pension plans will become insolvent, school systems will declare bankruptcy, police and fire protection will be reduced, etc. etc. You will be "nickled and dimed" in terms of new fees and taxes. Public unions will strike, providing further disruption. But when there are no funds, there is nothing to gain.

U.S Government to force 401K holdings into treasury bonds.

NewsJunky — Tue, 26 Jan 2010 03:13:30 +0000

The U.S. Treasury and Labor Departments will ask for public comment as soon as next week on ways to promote the conversion of 401(k) savings and Individual Retirement Accounts into annuities or other steady payment streams, according to Assistant Labor Secretary Phyllis C. Borzi and Deputy Assistant Treasury Secretary Mark Iwry, who are spearheading the effort.