Saturday, October 25th, 2008 | Author:

James Pethokoukis at US News and World Report Capital Commerce wrote:

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.

Mark Impomeni at AOL News Political Machine, wrote:

Sen. Barack Obama’s Democratic allies in Congress are looking into a radical new plan that would fundamentally change the way Americans save for retirement. House Democrats recently heard testimony on the idea and, under a potential Obama administration, would likely move to put it in place. Democrats want to seize the money that workers currently invest in their 401(k) plans and replace the popular retirement savings accounts with a one-size-fits-all government sponsored retirement account. Under the scheme, Americans would be forced to transfer all of their hard earned retirement savings from their 401(k) to the government.

Jean, akaGaGa, at Yeah, Right … wrote:

Has everybody lost their friggin’ minds? Aren’t we even going to pretend that we’re a free and responsible people? Do we really want the government to control every aspect of our lives? Are we so stupid that we’re going to voluntarily give Washington our retirement accounts?

George Bernard Shaw wrote:

Liberty means responsibility.
That is why most men dread it.

Garet Garrett wrote:

Formerly government was the responsibility of people;
now people were the responsibility of government.

Frederic Bastiat wrote:

It is impossible to introduce into society a greater change and a greater evil than this: the conversion of the law into an instrument of plunder.

Thomas Jefferson wrote:

The issue today is the same as it has been throughout all history,
whether man shall be allowed to govern himself or be ruled by a small elite.

Is anybody listening?

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