[quote=CA renter][quote=briansd1][quote=Rich Toscano][quote=briansd1]How about when the government bails out private pensions?
Don’t you think that the value of the your 401k has been help up by Federal action?[/quote]
In the short term, yes.
In the long term (the timeline that matters), absolutely not.[/quote]
It depends what your timeline is. If you only have 20 to 30 to live, I think that you should be glad that the government didn’t let the system collapse in 2008.[/quote]
This explains why your perspective is different from many of ours, brian. Since you are childless…[/quote]
That’s not even in the issue, in my opinion. There is no chance that things will be better 20 years from now because people’s 401ks were propped up today. Long-term prosperity is based on productivity growth, and the stuff of this bailout (unsound money, massive debt accrual and deficits, handouts to incompetent and semi-corrupt companies that should have gone bankrupt, etc etc)… that’s not good for productivity growth.
