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Author: cjb44 Big funky green star, 20000 posts Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2049423  
Subject: Re: Obama's Secret Plan to Steal Your 401k Date: 2/7/2013 10:50 AM
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That's enough... it's amazing to see how gullible and incurious people can be. Just a few minutes of Googling proves the whole idea of confiscating your retirement accounts is a big fat lie.


Actually some simple googling shows some liberal economists and Think Tankers have proposed the idea, but not a single person in elected office has signed on to the idea, because as you rightly state, it's idiotic and will probably never happen.

But if Liberals can claim the Individual Mandate is a Conservative idea, even though no elected REpublicans backed it, just a position paper from a Conserative Think Tank, then well, it's the same.

Similarly, the details of the supposed plan to confiscate our 401(k)s originate, not in secret covens, but in the papers a number of academics have published over the years, seeking ways to better or reform our nation’s individual retirement savings efforts. The authors of these efforts include J. Mark Iwry, who is now a senior adviser to Secretary of the Treasury Tim Geithner and and a deputy assistant secretary for retirement and health policy. (The plot thickens! Just kidding!), He’s argued for such things as Automatic IRA’s, which would cover workers who are not offered access to a 401(k), and for the inclusion of annuities as a choice in 401(k) plans.


Factcheck.org lost all credibility when it's "Lie of the year" turned out to be true.
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