As blindly arrogant as the Democrats are with their power, they can't possibly be this stupid. This would cause the largest electoral landslide in history in 2010/2012.
The reaction to this would make the Tea Party movement look like nothing.
Hey, don't give them any ideas. Like mandatory employer and employee contributions to further enhance Social Security. Just eliminate the 401(k) altogether.
Seems like much of the populace is still lying down. Ain't it fun?
The last couple of seminars I have done have an opening PowerPoint slide that just sits there as people come in and get settled. It just has one thing on it in a giant font size:
"For President Obama to do everything he says he is going to do, the top income tax rate would have to be raised to 92%" -Congressional Budget Office
I usually shy away from politics, but this gets people and is more reality than politics. One old coot was reading this as he came in. He shook his head and muttered "bastard" as he took his seat.
From what I gather, Democrats started talking about the 401k takeover in late 2008. Not only are they against privatizing a sliver of your SS account, some of them are pretty much against any private investment.