I’ve been told that the seeming disregard for sensible and responsible fiscal policy these days is because it’s all part of a master plan to let the market completely tank and stay tanked for the 2nd quarter 401(k) statements. At which point no one will care if the program is scrapped or at least taxed.
I’ve not allowed myself to buy into that theory, but I’ve also had trouble coming up with a better explanation.
This doesn’t help: So Much for the 401(k). Now What?