AP Photo/Susan Walsh
As a kind of bailout for bankrupt union retirement schemes, Democrats are considering yet another Constitution-trampling government takeover, this time, of private 401k retirement accounts.
The idea would be to create yet another entitlement program through which government would dictate the terms of everyone's retirement--while making it so difficult and costly to have a private 401k that everyone is forced into it.
Under Obama, the federal government has now illegally taken over the auto industry, the banks, housing, health care, student loans...and coming soon, apparently even private retirement accounts.
But don't worry. It's not like history is jam-packed full of warnings against continuously surrendering freedoms and nationalizing all power into the hands of the few.
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