You can only confiscate IRAs and 401ks once. Then the people will continue to get old and sick.
I was thinking of that Type O Negative song “Kill All the White People Then We Will Be Free”.
At the end of the second quarter, 2009, there was about $3.6 trillion dollars in all retirement funds in the U.S.
(http://www.bloomberg.com/apps/news?pid=20603037&sid=aHFCE999fWR0)
That would cover only 2 years of deficit spending by Obami.
There is no where they can get the money they need(want) to pay for all they need(want) to pay for. Confiscation of all retirement funds will not cover spending, would result in instant rebellion(MAYBE) and we would still be broke. They couldn’t even pay off the debt with confiscation!!
Declare bankruptcy, start over with a dollar backed by gold and silver and let the world follow or fall. It may be our only hope to save this contry.