Friday, November 7, 2008

US retirement accounts risk confiscation

Dems Target Private Retirement Accounts

This is simply horrifying. The US government looks to take (by force) private 401k and IRA funds and turn them over to the management of the good old social security people.

The artificial incentive would come out as "saving" the Americans from losing retirement accounts from further losses. Of course it has to sound noble, for the US government would never want to exhibit an image of tyranny.

The US national debt has become so incredible, yet nobody wants to honker down and pay the bills. Well sooner or later, something's gotta give. The intelligent Americans are fighting this, imploring the government to cut spending and start paying off debt, yet the uninformed ignorants still make up the majority. Was any of this unexpected, I think not.

0 Reflections: