Obama’s New Retirement Plan
January 29, 2014
As if Social Security was not bad enough, in his state of the union address, Obama proposed a new plan to “help Americans save for retirement.” It is called “MyRA.” It is “a new savings bond that encourages folks to build a nest egg.” It “guarantees a decent return with no risk of losing what you put in.” That means that the taxpayers will bail out the system when it doesn’t achieve a decent return. Funny, I thought we already had U.S. Savings Bonds? On Social Security, see my Social Insecurity.
Laurence M. Vance [send him mail] writes from central Florida. He is the author of The Free Society; War, Christianity, and the State: Essays on the Follies of Christian Militarism; War, Empire, and the Military: Essays on the Follies of War and U.S. Foreign Policy; King James, His Bible, and Its Translators, and many other books. His newest book is The U.S. Proxy War in Ukraine.
Why Did He Go in the First Place?