[Gaffer]

Teresa Ghilarducci, director of the Schwartz Center for Economic Policy Analysis at the New School

I want everybody to remember that this bitch is the same Teresa Ghilarducci who under the first Clinton Administration proposed a one-time "assessment" [in actuality, a TAKING by government] of 15-20% of ALL retirement accounts so they could do Hillary Care.

Just like that damn Jamie Gorelick, Robert P. Reicccch, and so many others, these socialists have stolen away in the night to come to light under new identities to enforce their rabid socialist evil plans on Americans.

NOTHING this woman has to say is valid, nor should it be given any credence. They are all out there under their rocks and some out in the open having shed their former skins, but they are still there waiting to strike. Old farts like me still have good memories and still remember!

[grania]

This is all part of the push to get rid of circulated money. Everything will be debits and credits in bank accounts, with (of course) the banks getting a cut of every transaction. It's not too big a step from that to having funds allocated for expenditure categories. When all money is tracked, freedom is gone.

We're further along that path then most people realize. Those that realize it often are those who've got some gold and/or silver somewhere.

That's my take on it, anyway. Trial balloon statements such as this advocating forced allocations to retirement accounts serve to confirm those suspicions. The scariest of statements about gov takeover of retirement accounts are those that would put the money in annuities....ie: belong to the gov when one dies.

[Vigilanteman]

Very good info. Plus her statement is not surprising coming from an investment banker hack. They would LOVE to have access to billions of dollars which they could skim management fees off whether they perform or not.

I moved eligible 401(k) funds to a self-directed IRA when I discovered they were skimming fees off even the money market type funds which were paying nearly nothing. Crooked b*st*rds!