(Bloomberg) — The Obama administration is weighing how the government can encourage workers to turn their savings into guaranteed income streams following a collapse in retiree accounts when the stock market plunged.
So, they want to take retirement funds, which are invested in the stock market, and turn them into a government held instrument.
A. Taking money out of the free-market will help the economy??? YEAH RIGHT!
B. This government run instrument will pay what?? 2% 3%
C. If investors want to invest in the government, they can buy bonds or T-Bills.
BOTTOM LINE: THEY WANT ALL YOUR MONEY!!!