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  • Retirement Fund Trillions Lure Government Grabbers (Obama coming after your 401k and IRA after all)

    09/14/2010 5:42:35 AM PDT · by bestintxas · 186 replies · 4+ views
    american thinker ^ | 9/14/10 | Peter Raymond
    Is the government making plans to confiscate your retirement money? The Obama administration is certainly exploring the idea. This question no longer seems far-fetched when the group-thinkers in Washington unabashedly promote a doctrine of wealth redistribution and central planning. These Keynesian socialists know they will need vast new sources of revenues to fund their relentless spending binges to "transform" this nation. A logical next step would be to legitimize the confiscation of private retirement assets; an idea that was contemplated in the recent past by the Clinton administration. According to the Investment Company Institute, there was $7.835 trillion in IRA,...