A RISKY RETIREMENT SCHEME FROM OREGON DEMOCRATS

The Oregon Legislature, dominated by nanny-state-loving Democrats who think freedom of choice is a bad thing unless it involves abortion or sex re-assignment surgery, have passed a superfluous, risky retirement scheme.  The bill passed with no talking to, or support from, Republicans.  It would force businesses to deduct more money from your paycheck and give it to the State of Oregon, which would hire costly new bureaucrats to invest the money, supposedly for your retirement, without any guarantee of any return to you.  You would have to file paperwork to get out of the system, instead of choosing to enter the system, like you do with IRA’s and 401K’s.  And, of course, Social Security already exists as a mandatory retirement savings plan, but employers match your contribution.   There is no employer match in this risky scheme.  Democrats were surprisingly honest in trying to defend the scheme, saying people won’t save unless they’re forced to.

This entry was posted on Wednesday, June 17th, 2015 at 10:52 am and is filed under Featured Stories. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.