Obama’s New Retirement Plan

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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.

4:06 pm on January 29, 2014