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

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Tuesday, January 11, 2011

Op-Ed: The Next Government Takeover after Healthcare: Universal Retirement | St. Louis Globe-Democrat

Op-Ed: The Next Government Takeover after Healthcare: Universal Retirement | St. Louis Globe-Democrat: "A Senior Fellow at the liberal Center for American Progress in January 2005, Sperling wrote in his article Progressive Framework for Social Security Reform that a Universal 401(k) “offers all Americans a private retirement account on top of Social Security, and uses government funds to match contributions made by middle income and lower-income workers.”

He argued “The Universal 401(k) would spread individual savings and wealth creation to tens of millions of American families currently falling through the cracks.”

In order to pay for spreading savings and wealth creation, Sperling proposed:"

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