Tell me one senator or congressman that is on record supporting this? And even the alternative account she suggested doesn't amount to nationalizing your 401k.
As I remember they had some hearings on this after Obama took office. At the time they didn’t really go anywhere but as things have gotten worse is it really a stretch to think this cannot happen? They would “encourage” you to buy Government bonds paying 2% and that would make up your 401 K while they spend the rest.
As I said Argentina did this so you don’t think it can’t happen here????