[Rogle]

Nanny State for sure, Obama is going to force you to buy health insurance regardless of age or fine you and now Sen Bingaman (D, NM) is going to force you to buy an IRA regardless of age unless you opt out.

[G Larry]

Because the Social Security piggy bank is empty, the libs want another endless pit from which to buy votes.

[bill1952]

Everyone knows that they are trying to tax IRAs right?

[Mike Darancette]

A little light in the detail department.

What type of IRA is it?
Any employer contribution?
What happens when retired?
Inherritable?

[JerseyHighlander]

THe country is bound to fall apart before this new type of IRA (if passed into law) would have time to effectively mitigate the retirement savings deficit of American households.

With that in mind, the Democrats see this as another source of revenue for the Federal Government to redistribute to their core constituencies.

C.R.E.A.M, GET DA MONEY

[rawhide]

This plan would just enable the Democrats to reduce Social Security payouts in later years, as they would tell you you have your IRA to live on.

[Trajan88]

Can I opt out of SS (and take my nearly 6-figure contribution with me)?

What do you mean 'no'?

Well folks here's another case of big brother exercising the "do as I say, not as I do" top-down leadership.

Federal government = crooks.