Senators Harkin and Sanders propose taking 401Ks to fund GRA

@bobmnu (8160)
United States
November 1, 2010 2:04pm CST
Based on a position paper written by Teresa Ghilarducci Senators Harkin and Sanders are proposing a new Government Retirement Plan called Guaranteed Retirement Accounts(GRA). This retirement account would replace the 401K and be managed by the Social Security Administration. Teresa Ghilarducci is a proponent of Retirement equity and favors Government plans for retirement over private. She would like to see the tax breaks for IRA and similar accounts eliminated. She favors "Mandating Equality" so that retirement income would be equal.
1 person likes this
2 responses
@laglen (19782)
• United States
2 Nov 10
Dont you find it telling that privatizing social security - hell no. Making private retirement, public - great idea! What the hell happened to our Independence!?
• United States
1 Nov 10
Oh heck no. They have messed up SSI so bad it is not funny. Keep your fricken hands OFF my 401k. This is beyond rediculous. Hopefully it does not gain any supporters and NEVER makes it up for a vote.