That’s okay. Obama and his Legislature have a ‘fix’. They’re going to take every private 401K and redistribute it under the guise of a ‘fair system’ and these Union and public government pension plans will be solvent! THIS IS NOT A JOKE. IT WILL HAPPEN.
Nationalization of private retirement assets has absolutely been discussed in Congress. But even a hint of it actually happening would result in civil unrest in rapid fashion and on a frightening scale. It would also crash the equity markets as investors sought to liquidate their accounts.