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hk

On 4/18/10 11:40 AM, wrote:
On Sun, 18 Apr 2010 08:19:19 -0400, wrote:

On Sun, 18 Apr 2010 01:10:22 -0400, wrote:

On Sat, 17 Apr 2010 22:46:39 -0400, wrote:

americans are the hardest working people in the western world. we work
200 hours more than europeans and japanese.

Yet the Europeans save about 3 times as much as Americans
You said you were working 60 hour weeks. That is 175% of your base
salary and you didn't think you should be saving some of that?

i'm salaried. i dont overtime

and you have the density of a black hole. i've been saving in my 401K
since congress created it 30 years ago.

it's now worth what it was 10 years ago. i should have spent it on
whores and booze like john paulson did when he looted goldman sachs
for a billion

yet in your mind he's a hero because he's rich, and i'm an idiot
because i'm a hard working middle class guy

shows what moral values the right has

You probably make more money than I ever did. You just spend a higher
percentage of it.
A 401k is not savings, it is, at best, a substitute pension plan, at
worst a Ponzi scheme. I predict that when the boomers start drawing
down their 401ks the market will crash again. (and I seem to be pretty
good at predicting market crashes, certainly better than your 401k
manager)

It's best to have available a variety of pensions and pension saving
devices.

--
The Tea Party's teabaggers are just the Republican base by another name.