Argentina was about the 7th wealthiest country during WW2. Thanks to Peronism and endless corruption - the country is constantly broke. They screw bondholder retirees in Europe by defaulting on their debt years ago.
Obama and the Dems will tax 401Ks and IRAs even more than they already do once you get the money.
I'm beginning to think about backing off my 401k contributions and pay the tax on that income right now. I expect no matter which party is in charge taxes will be much higher when I retire than they are right now.