He’s literally talking about raiding private retirement accounts.
Which is why I am completely emptying all my 401K accounts as soon as I turn 59 1/2 the end of this month.
That is the plan. They will pretend those accounts are theirs, hold them in a lockbox, and dole it out with your SS check every month. The fact remains that they will spend it and put a fake IOU in it.
These criminal salivate at the idea of getting your money in their hands.