There has also been some talk in Congress about virtually confiscating retirement accounts and converting them (selling off their stock holdings) to 30 year government bonds with the accounts being managed by the social security administration.
I think that's a trial balloon, issued mainly so when they do whatever merely horrible thing they finally decide on the sheep will cheer that it wasn't as bad as they were expecting.
I can think of nothing they could do that would be a clearer violation of the "takings" clause of the fifth amendment. And while IANAL I suspect the courts would agree.
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"Obama’s Economists: ‘Stimulus’ Has Cost $278,000 per Job."
That means: For each job "created or saved" about five were destroyed.
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