The next target in Comrade Obama's blitzkrieg against the economic freedom that made America wealthy is our retirement accounts:
President Barack Obama is calling for establishing automatic workplace pensions and expanding unemployment insurance as part of his spending plan for the U.S. Labor Department next fiscal year. We liken this to an "Obama 401k Plan."
The budget "lays the groundwork for future establishment of a system of automatic workplace pensions, to operate alongside Social Security, that is expected to dramatically increase" retirement and personal savings, Obama's Office of Management and Budget said in its outline, without giving details on the costs.
Sure it will.
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