Tin foil hat republicanism... everything posted on the internet is true!

If you actually read the woman's proposal, she did not recommend seazing
401k accounts. She recommended a voluntary program where people could
exchange their 401k accounts for a equivalent amount of government bonds
at a guaranteed 3% interested rate keyed to inflation. Its expected that
boomers who lost big in their 401k will not have time to recover before
they retire so this is an alternative that at least guarantees them some
income. Long term she wants to end the tax deferral for 401k contributions
and setup a government run retirement program.

I don't agree with her plan but it is not the government seizing your
money.

Its very hypocritical to have a tantrum over this yet happily ignore that
up to 200B of the 700B bailout will be used for executive compensation. I
guess spreading the wealth is okay if its taken from the middle class and
given to the upper class.