if you have a 401k or IRA you better read this..............From 'The Golden Truth'
By Dave in Denver
''Let me make one thing crystal clear before the world erroneously blames
this on Obama. The IRA confiscation movement started at least during,
if not before, the Bush administration. Four years before the
recent hearing sponsored by the Treasury/Labor Dept, there was a
Congressional hearing On October 7, 2008 sponsored by the House
Education and Labor Committee at which pension reform academic Teresa
Ghilariducci presented a paper on her Guaranteed Retirement Account
program. Her idea is to replace IRA/401k accounts with a Government
administered program which would provide retirees with a guaranteed
annuity stream annuitized by good old U.S. Treasuries.''
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