[Achilles Heel]

Will the government cut expenses? Probably not. If the health care trust fund fails then they will have little choice but to go after our 401K retirement funds - moving them into a Federal government controlled entity for “our protection”.

CERTAINLY won’t be encouraging for anyone to add to or open a 401K. Where did you read this news?

[politicket]

CERTAINLY won’t be encouraging for anyone to add to or open a 401K. Where did you read this news?

I didn't. It's just a logical conclusion from many years of being involved in the financial industry, along with the following facts:

1. Our country is in a deflationary spiral. The amount of monetary collapse is far greater than the new amount of money that the Federal government is pumping into the system.
2. The Federal government has to get its money from somewhere. It they can't steal it from the existing trust funds anymore, and tax revenue is dropping like a rock, then where are they going to find it? They can't sell enough Treasury securities to make up the difference - especially since those Treasury securities are being used to offset the tremendous credit collapse that is occurring throughout our country and the developed world.