At least one senior citizens' group is suggesting that the Obama administration is going to push for a system that would allow all retirement accounts to be handled by the government. (not privatize; my mistake!) Because, of course, the 0% return on the money we put into Social Security (and going negative for my generation!) beats the 7-10% average return of the stock market since the Great Depression any day.
Worse yet--or in a more basic way--the (theoretical) plan ignores the fact that for an economy to grow, it needs capital, and standing against the 401K and IRA "because it benefits the rich," as an Obama staffer is said to have said, only serves to impoverish us all by depriving companies of working capital.
Hopefully this is either false or a trial balloon going over like a Led Zeppelin. If it's not, the Tea Parties this time around will make those of the last time around look like an ice cream social.
Lie First, Lie Always: The Media Are The Gun Grabbers’ Stenographers - Q: How can you tell a gun grabber is lying? A: They are attempting to communicate via any way, shape or form. Verbally or non-verbally. In any language. ...
2 hours ago