[Quickgun]

I don’t think the dems will try to take the retirement accounts. For a couple of reasons. Too many people would drop out of the tax system altogether, and they know it. Second, that starts a shooting war. As stupid as they are, I have to believe they know that, and know that they cannot win that one.

[Mike Darancette]

.....and know that they cannot win that one.

It will be for the good of the people; let government protect your retirement. The RATs are only a couple votes from passing Cap and Trade and nationalized medicine so I have little faith in the logic of the people.

The government figures that the money is partially theirs now since it was tax deferred.

[kabar]

Democrats target your 401(k)-- Your pre-tax annual contribution to a 401(k) will be taxed under a plan considered by House Education and Labor Committee Chairman George Miller, D-Calif., and Rep. Jim McDermott, D-Wash., chairman of the House Ways and Means Subcommittee on Income Security and Family Support.

Worse yet, instead of the familiar, tax-deferred plan which typically invests in diversified mutual funds, in turn investing in private companies, these Democrat leaders want to create a new system of mandatory worker-retirement accounts which would invest only in government debt (bonds) and yield 3 percent per year.

In other words, Miller and McDermott want to redirect trillions of dollars of workers' savings from private investments to fund the ballooning government deficit.