Day by Day

Thursday, November 06, 2008

Democratic leaders in the U.S. House discuss confiscating 401(k)s, IRAs

Those that voted for Obama are going to get their wish.

"RALEIGH — Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers’ personal retirement accounts — including 401(k)s and IRAs — and convert them to accounts managed by the Social Security Administration."

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