Millions of private retirement accounts are held by citizens of the world. The National Deficit increases, taxes increase, spending increases, income decreases and the government goes further in debt to cover present expenses. This idea has been researched and has been thrown into the brewing pot as one of the options to ease the burden and help the economy.
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It seems that Teresa Ghilarducci had testamony before the Democrats to confiscate retirement accounts in 2008. Why should one work all their life just to let someone else take what they saved ?
Totally concur. The government got themselves into this mess through excessive and wasteful expenditures and THEY can get thenselves out of it. Leave retirement accounts ALONE!