tag:blogger.com,1999:blog-6244999628674918029.post8424870452320641670..comments2024-03-28T17:11:08.234-05:00Comments on Bayou Renaissance Man: How did we get in this handbasket, anyway?Peterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-6244999628674918029.post-63853742836225754492013-03-19T11:17:35.863-05:002013-03-19T11:17:35.863-05:00If they 'nationalized' between 30% and 40%...<i>If they 'nationalized' between 30% and 40% of private savings and pensions in the USA, they could reduce our exorbitant national debt to sustainable levels at current tax rates. </i> The target isn't going to be 'savings' in the usual sense of the word. The saving they'll confiscate are the 401k plans. Together, IIRC, there's around 15 to 20 Trillion in thos accounts. <br /><br />Simply put, you can't have that much money lying around where DC can see it. It's like leaving a few pounds of crack out in the open in a roomfull of crack adicts. <br /><br />Silicon Graybeard @ workAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-20178503421085341772013-03-19T03:24:30.256-05:002013-03-19T03:24:30.256-05:00Short of an outright gun ban, I can't think of...Short of an outright gun ban, I can't think of anything more likely to trigger an armed revolution here. You hit people in the savings, they're going to hit back.Cybrluditehttps://www.blogger.com/profile/02222195374935367060noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-11923149432291703892013-03-18T12:46:59.948-05:002013-03-18T12:46:59.948-05:00It worries me to death that you are right.
It worries me to death that you are right.<br />Mudbughttps://www.blogger.com/profile/09483155829643371296noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-34590730764249109872013-03-18T12:03:56.481-05:002013-03-18T12:03:56.481-05:00Well said Peter, and you're correct... dammit....Well said Peter, and you're correct... dammit...Old NFOhttps://www.blogger.com/profile/16404197287935017147noreply@blogger.com