I've heard the mutterings for awhile now about how the Dems want to come after 401(k)s. I'll admit, I've chalked it up to some paranoia because, sure, the Dems might be stupid and might view what's mine as theirs, but they're not suicidal.

It's not looking so paranoid right now.  If the Obama Administration is stupid enough to try to take people's 401(k) funds, there will be blood in the streets.  I don't mean that in a figurative sense.  There will be actual blood in the streets.  Note, that I am not encouraging that, I am stating that I believe that will be the result (see re twitter bitching about descriptive v prescriptive statements).  Hey, if someone wants to put money into a government run annuity program voluntarily, go right ahead.  It's that whole voluntary thing that's key.  It is not paranoid to note that a government program that starts as "voluntary" may very well not end up that way.

I don't remember the exact figures, but there are trillions of dollars in various types of retirement accounts that the government cannot get their hands on right now.  If that changes?  Yeah.  I see an end to the protests being peaceful. 

Posted by: alexthechick at 11:47 AM | Comments (8) | Add Comment
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