He wants, that is, to limit you to a maximum $205,000 sheltered in your 401K each year. As if it should be his decision to make:
“….our political betters now feel free to define for everyone what is ‘needed’ for a ‘reasonable’ retirement. Not to be impertinent, but does this White House definition include being able to afford summers at age 70 at Martha’s Vineyard near the Obamas?”
The $205,000—peanuts compared to the losses his economic policies have already cost the 401Ks and other savings of those of us who have retired—might seem high to some of his lower middle class and welfare constituencies, but it wouldn’t finance the transportation for one of his monthly vacations, let alone the hotel, meals, entertainment, etc.
So Good Time Barry (let ’em eat cake, I’ve got mine) is a hypocrite as well as a liar, fraud, and thief. But hey, he’s a Marxist. It’s what they do and call it “fairness.”
THE TEXAS SCRIBBLER 