Democrats Contemplate Nationalizing your 401(k)
Probably the most unreported story of the past couple of weeks is the quiet movement in the House and Senate to nationalize the 401(k) system which allows millions of working Americans to save for their retirement.
At this moment they’re taking 15% of everyones pay for social security. And they’ve done SO good a job investing this money for us they want to take our 401k accounts plus another 5% of our pay?
Also Free Republic coverage.