401K's in Jeopardy

Retirement funds, particularly 401K's, are at risk. As previously mentioned in the article Democrats Discuss Taking Over People's 401K's Democrats are looking to eliminate the tax break for 401K's and to subsidize a takeover of these savings plans. Investment New reports in their article House Democrats contemplate abolishing 401(k) tax breaks point out the problems with this plan.

"From where I sit that's just crazy," said John Belluardo, president of Stewardship Financial Services Inc. in Tarrytown, N.Y. "A lot of people contribute to their 401(k)s because of the match of the employer," he said. Mr. Belluardo's firm does not manage assets directly.

Higher-income employers provide matching funds to employee plans so that they can qualify for tax benefits for their own defined contribution plans, he said.

"If the tax deferral goes away, the employers have no reason to do the matches, which primarily help people in the lower income brackets," Mr. Belluardo said.

US News and World Report has also written articles on Democrats plans to target 401K's and retirement plans if they obtain control of the presidency and congress...
Why Democrats Will Target the Investor Class in 2009

Would Obama Dems Kill 401K Plans?

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Hat Tip other bloggers covering this issue...

Smart Girl Politics Kiss Your 410K Good Bye

Ms Placed Democrat Obama's 401K Plan is Nothing More Than a Junk Bond

Say What You Really Mean Under President Obama Kiss Your 401K Goodbye, Your Net Pay Shrinks, And The Constitution Will Be Walked On Like It's His Daily Exercise Routine.

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401K's in Jeopardy

Are You Purple?

The McCain campaign has focussed on Independents and Democrats with their Citizens for McCain group. They have even set up an online phone bank specifically for Independents and Democrats. If you are Independent or Democrat McCain supporter this is a great way to help the campaign. Phone calls are instrumental in bringing in votes and getting supporters out to polls. Just a few (or more) a day can have an impact.

Daytime Calls Phone Bank 10:00AM -6:00PM (EST):

Evening and Weekend Calls Phone Bank 6:00PM -9:00PM (EST):

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If you aren't an Independent, but still want to make phone calls from home - www.JohnMcCain.com/PhoneBank

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Are You Purple?

Volunteer for McCain Palin

It's coming down to the last weeks of the election. The best way to help the McCain/Palin ticket is to volunteer. Contact your local McCain Victory Office or make calls to battleground states from your home with the Online Phone Bank. This is the time that matters most. For Senator McCain to win the White House his campaign needs volunteers making phone calls and knocking on doors. Please take the time to make even just a few phone calls a day. From home or from a Victory Office please volunteer, and be a part of history.

John McCain Bold Leadership

With the markets in turmoil and a bill and a bailout package up for debate in Congress, Senator McCain has suspended his campaign and returned to Washington to work on the bill. Last night prior to Senator McCain's decision to return to Washington ABC's George Stephanopoulos reported,

ABC News' George Stephanopoulos reports: If Republican presidential candidate Sen. John McCain doesn't vote for the Bush administration's $700 billion economic bailout plan, some Republican and Democratic congressional leaders tell ABC News the plan won't pass.

"If McCain doesn't come out for this, it's over," a Top House Republican tells ABC News.

A Democratic leadership source says that White House Chief of Staff Josh Bolten has been told that
Democratic votes will not be there if McCain votes no -- that there is no deal if McCain doesn't go along.

With the ball in Senator McCain's court, and concerns about the President's current proposal, Senator McCain is heading back to Washington. The debates and future campaign events are in limbo, as this bold decision has put a priority on the economic package.

Bold Leadership from John McCain

ALASKAN VIETNAM VETERAN SPEAKS UP!

**UPDATE** DAN MAYHAK IS A DISABLED VETERAN FROM ALASKA. DAN HAS A DEEP DESIRE TO SPREAD HIS POSITIVE MESSAGE AND HELP FOLKS OUT AROUND THE COUNTRY.

HIS STORY IS ONE OF SACRIFICE, PATRIOTISM FAITH AND OPTIMISM. PLEASE HELP SUPPORT DAN BY RATING THE VIDEO. VIEWING THE VIDEO...BLOGGING ABOUT THE SONG AND VIDEO...AND MOST IMPORTANTLY GO TO CD BABY AND DOWNLOAD THE SONG FOR ONLY A BUCK!!!

DAN WAS FINALLY ISSUED HIS VA BENEFITS ON 9/11 (EERIE ISN'T IT)!! CONGRATS FOR FINALLY WINNING THAT LONG WAR!

I KNOW MANY OF YOU VIEWED THE RNC CONVENTION AND SAW THE END OF MCCAIN'S SPEECH WHERE HE POUNDED HIS FIST AND REPEATED 'STAND UP' STAND UP ETC.

WELL, THAT IS WHAT THIS SONG IS ALL ABOUT, HELL IT'S THE CHORUS! WE HAVE TO GET THE CAMPAIGN TO MAKE USE OF DAN MAYHAK AND HIS SONGS! PLEASE HELP GET THE WORD OUT!! IT'S PERFECT TIMING WHAT WITH SARAH PALIN ALSO FROM ALASKA.....

It's a big difference from another war fought on foreign soil more than 35 years ago.

Still, the transition from battleground to hometown will not be an easy one for many returning veterans. PLEASE CLICK HERE FOR THE ENTIRE STORY!!

Thank you

Sheridan Folger

Volunteer For McCain Online,McCain Networks,Vets For McCain . . .

McCain Momentum and McCain Online Presence are growing steadily. New Members and New Sites Are Popping Up Left And Right.



If you have not already done so PLEASE visit McCain State Google Groups Find Your State And Sign Up! It is a great way to stay involved on the grass-roots / net-roots level in your state.



Also the new McCain Network on Ning Has literally Tripled Membership Overnight. It is a FANTASTIC place to be involved. Both of these sites and groups are filling up rapidly with some GREAT people and tons of great information.



Vets For McCain is another great site with a Veterans For McCain Roll call . . .sign the roll call and also get a free bumpersticker.



Slainte'

Mad
Vets For McCain