[SeeSharp]

It also made a $5 billion raid on company pensions, which had been the best of Europe, and left British pensioners poorer.

Pay careful attention to this. Our government will almost certainly go after our 401K's and IRA's when Social Security starts to fail.

[JayNorth]

Pay careful attention to this. Our government will almost certainly go after our 401K's and IRA's when Social Security starts to fail.

Early in the Clinton presidency his financial wizard, Laura D'Andrea Tyson, floated the idea that they should tax all the tax-deferred accounts directly through the financial institutions since it was 'unfair' that all that money wasn't taxed. The screams of protest quickly killed that trial balloon. It gives you great insight into the liberal mind, however.