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Obama’s Next Target – Your Retirement Savings

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Posted on February 22 2010 12:52 pm
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Now we have an improvident federal government that has spent itself into a state of near-bankruptcy. It can survive only by selling Treasury bills to Americans and foreigners, but as the government’s debts accumulate, international demand for T-bills slackens. So the Democrats are looking for money. They can’t help noticing that Americans have saved many billions of dollars–private property, theoretically, but under contemporary constitutional jurisprudence, subject to pretty much any whim that may come out of Washington.

Argentina showed the way in 2008, as we noted here, by nationalizing private retirement funds on the ground that “the private system never achieved what was needed.”

Now, the Democrats may be poised to imitate Argentina’s theft.

Read the full story: ARE THE DEMOCRATS COMING AFTER YOUR SAVINGS?

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