Another example of liberals rewarding sloth and irresponsible behavior, while simultaneously punishing saving, thrift and thinking ahead. If you saved in your IRA or 401k, it'll be "nationalized" to cover those who partied, wasted and did not save one damn dime.Obama Begins Push for New National Retirement
A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning.
The hearing, held in the Labor Department’s main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.
If this happens, it's open warfare on those who've followed the rules, saved for their future and been prudent. It's naked vote buying and outright theft. All that's lacking is a dark alley, a handgun and a government official in a mask robbing Joe Citizen of his wallet. Just what you'd expect from Obama.