Under ordinary circumstances, I would agree with you, hands down. What we have witnessed as of the last two years is a federal government that barely acts within the Constitution as it is.
You mean that Obama could do an end around on Congress?
He’s already done it. It’s coming through the Obamacare bill and SS. Social Security will be means tested, but Obama wants to make it look as though the Republicans are advocating it.
The tax on the 401Ks will come in the form of reduced SS payment. The bigger the 401K, the higher the tax, the lower the SS payment.