Wednesday, March 03, 2010

Government Grab of Retirement Accounts

Pajamas Media:

The Obama administration has just solicited public comment on their proposal to take money from Americans’ private 401(k) retirement accounts and convert it into government-backed annuities. In other words, they want to take your money now to purchase U.S. Treasury bonds, then pay you a monthly sum later after you’ve retired. (Read the rest . . .)
So. Very. Predictable.

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