Retirement Account

[Undertoad]

Okay, and now the truth of the matter.

After the credit crunch, a House subcommittee held a hearing on how it might be possible to make retirement accounts safer.

They invited this academia bitch (from the "New School for Social Research") because she wrote a book called When I'm Sixty Four: The Plot against Pensions and the Plan to Save Them.

When it turned out her Plan was, not to confiscate them, but to replace them with a vomitorious new government-backed 3%-earning retirement plan, I'm sure most members of the subcommittee gave her the pleasant 20 minutes or whatever they allot at such things, and that was that. No indication that they then proceeded to hold even more subcommittee meetings with her to fine-tune the details, or draft a Bill or whatever it is the members would do at that point.

Political bloggers, looking for red meat to offer their hungry minions, presented that information with the very worst possible narrative ("Democrats are coming to confiscate your life savings!").

This shitty little writer -- working for not a prominent daily newspaper but a monthly political journal -- read the blogs, read other shitty writers who copped the blogs, and proceeded to scare the living shit out of her readers.