The Plot Against Pensions and the Plan to Save Them

As Obama Issues Dire Warning on Economy, a Look at "The Plot Against Pensions and the Plan to Save Them"

For the 50 million Americans with 401(k) retirement plans, 2008 is a year many wish they could forget. Workers saw their 401(k) plans lose between 20 and 30 percent of their value as the Dow Jones Industrial Average suffered its worst year since the Great Depression. We speak with Teresa Ghilarducci, director of the Schwartz Center for Economic Policy Analysis, about her new book When I’m Sixty-Four: The Plot Against Pensions and the Plan to Save Them. [includes rush transcript]

Category:

News & Politics

Tags:

• obama
• economy
• pensions
• teresa
• ghilarducci
• democracy
• now

[Hendo1974]

First viewer! Americans is in serious trouble, Obama can't do shit! Too much damage done, hyper-inflation around the corner, too much stimuli!Too many states in America facing bankruptcy especially California!

[marlonsuniverse]

I agree with all the posts here so far. What we need is a government of the people, not of corporate interests and corporations, but one that treats people fairly. The profit-driven society we have is destroying everything and the quality of our lives. This profit-driven corporate INSANITY has to stop or we are all doomed.

[notagainjez]

@marlonsuniverse AMEN!!!!!

[webfulcrum]

Ghillarducci and her ilk are nothing more than not-so-closeted communists who want to nationalize your retirement savings, and force you to become the "buyer of last resort" of Washington's worthless bonds.

This is a sales pitch for outright theft. Washington's government gets your money, and you get "promises."

Liquidate now, pay the penalties (inflation would do more damage to your balance anyway), move your money overseas, and into gold & silver. Get it away from Fedgov's grasping claws.

[espada9]

"Those who make peaceful revolution impossible will make violent revolution inevitable." - John F. Kennedy

"He that lives upon hope, will die fasting" – Benjamin Franklin

[WulfBand]

SHE'S INSAINE, this is nothing more than Forced Socialism.

[kazalgeo23]

democracy is a hoax played on us sheeple who naively believe we vote our leaders into these positions of power. Obama is a puppet we all no this yet we choose to do nothing, im glad the system is crumbling because we the people are realising that we are governed around this planet by Evil Crooks and when people wake up from the trance they will be real pissed and revolution is just around the corner. VIVA LA REVOLUTION TRUTH,LOVE AND JUSTICE WILL PREVAIL DOWN WITH THE NWO!!!!!

[danmcc22]

That's all we need, another government program will solve everything! This woman should give her head a serious shake.

[EVFCobs]

Okay, so let me get this straight. We should give 5% MORE money to the government since they have just proven to us AGAIN how much safer it is to let them make the decisions for us. Good idea. (Yes, that was sarcasm.)

[bklynwriter718]

I wonder who she works for?hmmm/A liberal jewish foundation.Imagine that!