Trumps bleak economic future.

[PaulS]

Originally Posted by Jim in CT

"I thought the Repubs. where in favor of pushing things to the state level? "


And I thought liberals were in favor of federal laws that protect citizens from abuse and crime that would surely take place in the absence of those federal regulations?The but but... defense. I thought Dems. where evil and Repubs where perfect - a little sarcasm there.
That said, I don't see the harm in letting states do this if people want. I wouldn't want the people who run the state of CT within 100 miles of my IRA, but if someone wants to trust an idiotic Marxist with their retirement fund, it's their funeral.

But how does it prevent anyone from saving for retirement? Can't we all call Fidelity and open an IRA? Who is it, that cannot do this, without government interference?

Studies have shown that people are much more apt to save if the $ is taken right out of their paycheck. The states prob. want to help make that happen.

I really read the article very fast and didn't think it was written the best and have no background on the issue.

[Jim in CT]

Originally Posted by PaulS

Studies have shown that people are much more apt to save if the $ is taken right out of their paycheck. The states prob. want to help make that happen.

I really read the article very fast and didn't think it was written the best and have no background on the issue.

"The but but... defense"

You began your post with a "but...but" assault, so I thought a "but...but" defense was appropriate.

" thought Dems. where evil and Repubs where perfect - a little sarcasm there"

I hear ya, I have been known to engage in sarcasm.

"Studies have shown that people are much more apt to save if the $ is taken right out of their paycheck. The states prob. want to help make that happen"

I cannot argue with that, I would have probably supported the idea of making participation automatic. I also like the idea of privatizing SS. I'd like to have the chance to earn better than 0.0001% return, but Bush got crucified.