New legislation being proposed by Senators Jeff Bingaman and John Kerry could force as many as 60 million Americans to invest in government bonds via mandatory retirement accounts.
According to a recent report by World Net Daily’s Jerome Corsi, the law would require “employers and employees to contribute into a retirement account for every employee and demand that a portion of that contribution go into a federal-government created annuity that would be funded by purchasing Treasury debt.”
On the surface, it appears the nation’s cash-strapped government wants to force Americans to lend money to the Treasury to keep up with is ever-widening funding obligations.
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