Obama Begins Push for New National Retirement System
Such "reforms" would effectively end private retirement accounts in America, Crone warns. "These people want the government to require that ultimately all Americans buy these government annuities instead of saving or investing on their own. The Government could then take these trillions of dollars and redistribute it through this new national retirement system."
"This scheme mirrors what I expect the President will try to do with Social Security. He wants to turn that program into a welfare program, too."