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  • Would Obama, Dems Kill 401(k) Plans?

    10/25/2008 5:57:14 AM PDT · by Grampa Dave · 106 replies · 4,043+ views
    US NEWS ^ | 10/23/2008 | James Pethokoukis
    Would Obama, Dems Kill 401(k) Plans? October 23, 2008 10:47 AM ET | James Pethokoukis | I hate to use the "S" word, but the American government would never do something as, well, socialist as seize private pension funds, right? This is exactly what cash-strapped Argentina just did in the name of protecting workers' retirement accounts (Efharisto, Fausta's Blog). Now, even Uncle Sam isn't that stupid, but some Democrats might try something almost as loopy: kill 401(k) plans. House Democrats recently invited Teresa Ghilarducci, a professor at the New School of Social Research, to testify before a subcommittee on her...