Truth be told, this started during the Clinton administration. His idea was to expropriate the last two years of everyone’s 401. This move would immediately give the government a shot in the arm, and lower the debt. Because of the political fall out it would cause, this idea was shelved. Now, because of the 18 trillion dollars in debt, the OBAMA administration wants to revive this plan. But instead of just taking the last two years, they’ll take it all, and the government will give all 401 owners a GOVERNMENT IOU. The government will return the money in “DRIBS” and “DRABS”, just like Social Security. So when these 401 owners reach retirement, they’ll get their Social Security AND what the government decides to give for their 401. This is to equalize every body, because those that didn’t have a 401 will get to dip their beak on the money the people that had the smarts to save their money. SEE NOW EVERY BODY IS EQUAL.