Every government hiree has a vested interest in making certain every nongovernmental employee keeps paying into their taxpayer funded retirement ponzi scheme.
All those income taxes on our W2 forms that are split three ways go into one bank account.
And that account is overdrawn, with interest and fees compounding daily...
401Ks were an attempt to give working people the chance to invest money for their own future benefit.
Epic fail.
Because every dollar placed in a 401K plan was a dollar taken out of the federal employee unions retirement mouthes.
We cant have people taking care of ourselves, can we?
That's the scary part. Right now the only reason the deficit is as low (gag) as it is, is because the govt is borrowing at historic low interest rates. If those rates rise to normal levels, the deficit goes hyperbolic.