What kind of people are these Palin-folk?

Trig Palin 10312008

Blunt truth about the situation.

Okay, so here are my thoughts about the situation we currently face.  If the Congress, the President ever try to take away our Social Security, our 401(k)/IRAs, our home mortgage interest tax deduction, or our basic freedoms, there will be a revolt in this country.  After spending trillions of dollars on war, and on bailing out the investment bankers, the Congress and the President better leave our Government functional and responsible, so that it is there FOR US when we need it to be there for us.  They better provide dependable, world class medical care to our soldiers, fighting men and women, and they better make our judicial system fair to one and all.  They can afford to guarantee healthcare to all.  They must stop the war, now, and hammer shields into plowshares – sell all that old bullet-pocked steel to China to meltdown and make into windmills, and bicycles.   If they don’t, I enjoy my work, and I’m going to keep on working and not sell my mutual fund shares for another 30 years.  See, my only loss is if I sell now – you cannot lose by being patient.  I lost a bunch of money selling in 2000 after the bubble burst, I learned patience – at the 52-week high, I tripled my remaining money (and nearly doubled my previous high) in 6 years.  Since we can’t believe a word out of the mouths of our politicians, public servants, and financiers, I don’t really trust them with my retirement funds.  So I’ll hurt them the only way I know how – hold my shares as long as I have to, squeeze them ’til the old eagles grin, as the song goes.  The only ones who get hurt are those who sell on the way up.  If you reinvest your dividends, it is the easiest money you can make.  But what is everyone else going to do? 

 Fuck em, I say.  I’ve learned to be a patient man, going to school til I’m 25, working hard all my life, never asked for anything to be handed to me, I am grateful for the things that were, through the good ness of my parents.  I’ll outlive this current rash of fuckers, I’ll shit on all their graves.

Abu’s big idea — The MITHOP Plan

My wife suggested to me the other night that one way out of the foreclosure crisis for many could be the Government/IRS allowing individuals and couples who are in danger of imminent foreclosure to withdraw all IRA and/or 401(k) funds on deposit tax and penalty-free on a one-time basis for the purpose of bringing their mortgage current, and/or paying off any deficiency on their home mortgage (1st and/or 2nd lien).  Her rationale is that this would be a more sound fiscal solution to the foreclosure crisis than a moratorium on foreclosures — which she believes would tend only to encourage people not to pay their mortgage payments during the pendency of the moratorium.

I do love this woman, my friends.  I like her idea too.  How about you?  Yes, it will cost the taxpayers lost revenue from penalties and interest on early withdrawal of IRA and 401(k) plan assets.  But wouldn’t you rather spend our taxpayer dollars helping people avoid foreclosure than giving it to wall street finance firms as a reward for their bad behavior?  MITHOP = Money In The Hands Of the People . . .

Just say NO to the bailout . . .

 

Kisses KM.