seems Obozo is going after our 401K's, IRA's and retirement accounts. claims its not fair to poor people. legal?? that's means a national retirement system. read on
A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administrationís effort to nationalize the nationís pension system and to eliminate private retirement accounts including IRAís and 401k plans, NSC is warning.
The hearing, held in the Labor Departmentís main auditorium, was monitored by NSC staff and featured a line up of left-wing activists including one representative of the AFL-CIO who advocated for more government regulation over private retirement accounts and even the establishment of government-sponsored annuities that would take the place of 401k plans.
if true he's to late for me. in 08 i had mine bundled and sent overseas.