[BruceS]

I don't think they will try this here - IMHO they have other plans. There have been rumors for some time that the Progressives want to sieze all the pension funds (401Ks, IRAs, etc.) and then give the former owners a promise that they will receive their money plus some fixed return when they retire. Gives them a big chunk of money up front, with promises for later (and with Obamacare, how many will get to retire?).

None of the sheep will rebel, because they will have traded a "risky" investment for a guaranteed pension.

Watch for this plan to get some momentum if Pres Obama gets a Demoncrat House in 2014. It will be announced right after the next big stock market correction - they have to "save" our retirement funds.

[EBH]

Rumors? This is not a rumor. They were already discussing this back in Sept. of 2008. It is hard to find the real/valid evidence of this on the web anymore, but the plan is maturing on someone’s desk and has been his entire first term.

[yefragetuwrabrumuy]

The big headline today was that Obama and company are also vying to tax municipal bonds, that would effectively shut down hundreds or even thousands of cities and municipal water and sewer and power projects nationwide.

Carter suggested doing this once, and was shouted down, but Barry has now suggested it five or six times. There is no amount of money too small for them to try and seize.