> I’d call it theft. <
And you’d be right. If you were forced into government bonds paying say 2% while the real rate of inflation was 6%, they’d be stealing 4% from you each year.
By the way, I’ll bet you a dollar that Congressional retirement plans would be exempt from all that. They’ll say something like “We need to exempt the Congressional plans to encourage good people to run for office.”
Gov’t drones would get cost of living adjustments.