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Weekly US politics news and updates thread - week of December 19
This thread is posted weekly - please try to post all relevant US political content in here, such as news, updates, opinion articles, etc. Extremely significant events may warrant a separate topic, but almost all should be posted in here.
This is an inherently political thread; please try to avoid antagonistic arguments and bickering matches. Comment threads that devolve into unproductive arguments may be removed so that the overall topic is able to continue.
Jan. 6 committee recommends criminal charges against Trump, including aiding insurrection (CBC)
Congress wants to overhaul retirement plans. Here’s what might be coming.
While some of this is nice, I'm skeptical of the government matching. That means the government will be pumping cash into the stock market, which is not necessarily helpful to low and middle income people. I would rather that cash go directly to those people or into government bonds so it doesnt benefit investment institutions.
401k funds usually have a bunch of different options including very conservative ones like government bonds.
People don’t usually choose the most conservative option because over the long term (which retirement is, at least for younger people), the stock market has historically gone up more than bonds.
So it seems like you want low and middle income people to have less retirement money (on average) because you don’t like the stock market? I think they might disagree.