more Social Insecurity
the President has signed new legislation governing lots of things, but particularly 401k accounts.
I am all for saving ones money, but I am a bit irked that it (apparently) will now become compulsory.
You can read about it here.
It is not so much that it will be compulsory, but that I smell decay of a rat in there someplace. I predict, here, in these pages, that before this administration ends, that Social Security will be permanently modified.
That too, was coming, but now is a good time to become educated, decide how you feel about this and all the peripheral issues surrounding it, and then vote for candidates who can articulate a similar vision, (that failing, one that can spell 'articulate'), and how to put it into effect.
Our times are changing, nothing we do, say, or blog will change it. But as things change, even the little people have a shot at putting something for themselves into the framework of whatever comes afterwards. Change is like that. No telling what will really happen next.
As far as the details of this legislation go, well, we will see how it impacts employer contributions, rules for withdrawals, and how much of ones own money is required (on the low end) to be saved, and how much is allowed to be saved (on the high end).
The devil, as the saying goes, is in the details.
Speaking of details.....
Bless his little heart, the President met some degree of defeat in federal court today when a Detroit judge ruled that the President does not have the authority to ignore standing laws in pursuit of terrorists. See it here. The actual ruling is published here.
This again skirts the real issues here.
The first is that we cannot fight barbarism with the civilty of law, just can't do it. (This in itself is a larger question than can be argued here).
The second is trust. I can swallow the need for some extra-legal steps to be taken in a time sensitive race with a shadowy foe. I simply do not trust this President to do it, without also locking in advantage for the privileged classes in the process.
I am all for saving ones money, but I am a bit irked that it (apparently) will now become compulsory.
You can read about it here.
It is not so much that it will be compulsory, but that I smell decay of a rat in there someplace. I predict, here, in these pages, that before this administration ends, that Social Security will be permanently modified.
That too, was coming, but now is a good time to become educated, decide how you feel about this and all the peripheral issues surrounding it, and then vote for candidates who can articulate a similar vision, (that failing, one that can spell 'articulate'), and how to put it into effect.
Our times are changing, nothing we do, say, or blog will change it. But as things change, even the little people have a shot at putting something for themselves into the framework of whatever comes afterwards. Change is like that. No telling what will really happen next.
As far as the details of this legislation go, well, we will see how it impacts employer contributions, rules for withdrawals, and how much of ones own money is required (on the low end) to be saved, and how much is allowed to be saved (on the high end).
The devil, as the saying goes, is in the details.
Speaking of details.....
Bless his little heart, the President met some degree of defeat in federal court today when a Detroit judge ruled that the President does not have the authority to ignore standing laws in pursuit of terrorists. See it here. The actual ruling is published here.
This again skirts the real issues here.
The first is that we cannot fight barbarism with the civilty of law, just can't do it. (This in itself is a larger question than can be argued here).
The second is trust. I can swallow the need for some extra-legal steps to be taken in a time sensitive race with a shadowy foe. I simply do not trust this President to do it, without also locking in advantage for the privileged classes in the process.
posted by eccentric recluse at 11:26 AM
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