Guarenteed Retirement Account Bailout (G.R.A.B.)

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Friday, March 20, 2009

Would Obama, Dems Kill 401(k) Plans? - Capital Commerce (usnews.com)

Would Obama, Dems Kill 401(k) Plans? - Capital Commerce (usnews.com): "I hate to use the 'S' word, but the American government would never do something as, well, socialist as seize private pension funds, right? This is exactly what cash-strapped Argentina just did in the name of protecting workers' retirement accounts (Efharisto, Fausta's Blog). Now, even Uncle Sam isn't that stupid, but some Democrats might try something almost as loopy: kill 401(k) plans."

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