Now they're after your 401k

Don't believe it? Just remember to vote. Look forward to voting. Have you been wondering where the money is going to come from to fund the unfunded and underfunded pension plans that are exploding all over the United States? This would be teachers, state workers, city workers, auto workers....Obama's got his eyes on your 401k to pay off all those underfunded pensions. Think it can't happen? Think Argentina.

In February, the White House released its “Annual Report on the Middle Class” containing new regulations favored by Big Labor including a bailout of critically underfunded union pension plans through “retirement security” options.

The radical solution most favored by Big Labor is the seizure of private 401(k) plans for government disbursement -- which lets them off the hook for their collapsing retirement scheme.  And, of course, the Obama administration is eager to accommodate their buddies.