Bruce Disclosure: I believe that Rush Limbaugh is a member of the CFR
I warned you that big changes are coming with 401(k)s and IRAs, that that's a big pile of money the government wants its hands on. They're going to eliminate -- well, what this woman's plan was, was to restore your 401(k) to August of 2008 levels before the crash and then they take it and they put it in your Social Security lockbox -- hardy-har-har -- and then they sell bonds to give you a guaranteed 3% return every year, and they eliminate the tax deduction for any annual contribution you make. This was heartily denied. "These were just hearings, Mr. Limbaugh. Again, you're demonstrating that you're willing to talk about things that you know nothing about. We were just conducting hearings and no serious plan to do this." Money magazine has a story about how, folks, they're coming. It's being looked at. The fact that it was mentioned last fall during the campaign and now the economy's gotten worse and when I say the economy's gotten worse, the government is losing money, and when the government loses money they come get it somewhere wherever there are huge piles and stashes of money. They will go do it, they'll go get it and if they think that it's costing them too much money to give you a tax deduction on your contributions every year, mark my words: it's coming.
