Mary Lynn Wrote:
Nov 23, 2012 11:20 AM
FEDERALIZING YOUR 401K - THIS HAS BEEN IN THE WORKS SINCE 2008 Friday, November 16, 2012 "A recent hearing sponsored by the Treasury and Labor Departments marked the beginning of the Obama Administration’s effort to nationalize the nation’s pension system and to eliminate private retirement accounts including IRA’s and 401k plans, NSC is warning. The hearing, held in the Labor Department’s 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.