Steven Moen, Beulah, N.D.: Report on shocking proposal to seize 401(k)s
Grand Forks Herald
Published Friday, November 28, 2008
BEULAH, N.D. — I ran across a Nov. 4 story by Karen McMahan in the Carolina Journal Online that carried the headline, “Dems target private retirement accounts, Democratic leaders in U.S. House discuss confiscating 401(k)’s, IRA’s.”
The story goes on to explain the mechanics behind the plan to steal every worker’s 401(k) and IRA account and use them to prop up Social Security. I did a little more research, and sure enough, there is an Economic Policy Institute briefing paper written in November 2007 that explains this in detail.
What I want to know is, where is our media on this issue? I haven’t heard a peep out of any media outlet in the North Dakota. Where are they? Are they too inept to find this, or were they too busy trying to get Democrats and Barack Obama elected to worry about the theft of billions or even trillions from us hardworking taxpayers?
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