'cause it worked so well in Argentina...and other places too

Seems that the Democrats are (again) eyeing your 401(k) and other retirement accounts as a way out of the fallout from their spending spree budget deficit issues...I toldya. They'll never stop. Anything that the socialists can do to take money from those of us who have stolen earned it and give it to those who are poorer and therefore more deserving of the wealth.

The method has worked so well everywhere else it has been tried, so why not have a chance to let it fail here as well?

We are rapidly heading down the path that has already been Greeced by Greece.

Why can't our supposedly well educated leadership type folks understand that Socialism fails every time it is tried? Sometimes, with enough manipulation, it can hang around for years and years, but it ultimately fails no matter where it is tried and no matter how many times the system is propped up and/or manipulated by the current government?

Bankruptcy.

Yet all the other partially socialized governments and banks and the IMF keep propping them up, just to stave off the day of reckoning.

I was under the impression that Mr. O was smarter than this....Misguided, but smarter. But here we see an example where education does not confer judgement or wisdom. Again.