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Good catch... as outlined in your commentary, the idea was floated by a professor from the New School for Social Research, Teresa Ghilarducci. Everyone who knows Dimocraps knew this was the beginning of a trial balloon.

Here is an original source: US NEWS and World Reports - Money.

And here is a bit of precursor to the foregoing from MS Money Central in March of the same year.

But, what what must not be overlooked is that private property is the collateral for America's crushing debt. What do our foreign benefactors expect as collateral for trillions of dollars in debt? My son's job, my friend's house, your car, that guy's savings... etc., etc. This should help everyone to understand why the Supreme Court of the United States ruled a few years back that the government could seize private property for no more cause than the public good.

The govt seized privately-owned gold in the 30's, so the precedent is already established.

There are only two other paths out of this economic mess: inflation and/or HEAVY taxation.