Chairman George Miller makes an opening statement at a U.S. House of Representatives Committee on Education and Labor hearing concerning 401(k) fees on October 4, 2007.
The Dems and their crony appointments crash the financial markets vis-a-vis the subprime mortgage-backed securities. Franklin Raines walks off with $90mm. YOUR 401k tanks...NOW, Rep Miller says his 'investment' in the 401k experiments doesn't bring in enough revenue to the treasury, so Miller says it's time to TAX 401k contributions. Talk about a double dip!
First we'll hear that they only want to protect us from fees. Next, they'll tell us that the government can take care of it without fees. Finally, we'll be asking where our 401K's went.
The Dems and their crony appointments crash the financial markets vis-a-vis the subprime mortgage-backed securities. Franklin Raines walks off with $90mm. YOUR 401k tanks...NOW, Rep Miller says his 'investment' in the 401k experiments doesn't bring in enough revenue to the treasury, so Miller says it's time to TAX 401k contributions. Talk about a double dip!
broadstsmokehouse 3 years ago 3
First we'll hear that they only want to protect us from fees. Next, they'll tell us that the government can take care of it without fees. Finally, we'll be asking where our 401K's went.
PeternHtown 3 years ago 2