“Who will pay for it? Us. Every one of us.”
No, every one of us who worked hard and lived beneath our means to save money will pay for it.
I’m certain that this will end with all 401K accounts being seized by the Federal government. That’s the only available pool of capital that could come close to paying back the absurd loans we are making to ourselves.
It won’t be called a seizure, we will all get some form of government I.O.U. and we will be assured that our investments are actually being “protected”. Anyone who objects wants to kill grandma of course.
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Nope
“I’m certain that this will end with all 401K accounts being seized by the Federal government.”
The D’rats have been drooling about squeezing our fat, juicy peach for a long time. This crisis provides cover. Here’s from 2008:
https://www.carolinajournal.com/news-article/dems-target-private-retirement-accounts/
“It won’t be called a seizure, we will all get some form of government I.O.U. and we will be assured that our investments are actually being “protected”.”
Just like your social security account.
But what I think is going to happen is the Fed will be very accommodating with the printing press. You probably won’t want your nest egg in cash over the near future.