OBAMA / DEMOCRATS LOOK AT TAKEOVER OF 401(K) IRA ACCOUNTS TO FINANCE GOVERNMENT - myFOX DFW Community Blog post - KDFW FOX 4 viewer submitted news, photos, video and more.

I thought I saw this the other day when watching the crawl at the bottom of Fox's show.....that Obama was going to "require" all employers to offer retirement accounts of some kind...I literally snapped! What more can he throw on the back of American business? What an oncoming BOON-DOGGLE...however...now we all know why!!!!!!!!

OBAMA / DEMOCRATS LOOK AT TAKEOVER OF 401(K) IRA ACCOUNTS TO FINANCE GOVERNMENT - myFOX.

The Obama administration appears to have come up with a novel way of financing trillion-dollar budget deficits – demanding IRA and 401(k) holders buy trillions of dollars in Treasury bonds.

With the Treasury needing this year to see another $1 trillion in debt to finance the anticipated federal budget deficit, and the Federal Reserve about to discontinue its 2009 program of buying Treasury bonds for the Fed's asset portfolio, the Obama administration is scrambling to find ways to sell government debt without having to raise interest rates."