Takeover Of 401(k) Ira Accounts To Finance Government

[Robert Barney]

A forced loan to an entity that is on the road to bankruptcy and default. Sounds like a great deal to me. Just think Argentina every time someone says "But it is guaranteed by the government."

Amen to that.

It's just a stealth income tax.

If your neighbor came to you, and asked for a loan, and you found out that they have maxed out their mortgage, car loans, credit cards and borrowed money to buy their furniture, would you give them a loan?

And if you did, would you ever expect to see a dime back?