Obama expands workers' retirement savings options (unbelievable!)

Yahoo news
9-5-2009
CHARLES BABINGTON

WASHINGTON – The government is trying to make it easier for Americans to save for retirement, President Barack Obama said Saturday, as he noted the toll the recession has taken on extra income and savings accounts.

One initiative will allow people to have their federal tax refunds sent as savings bonds. Others are meant to require workers to take action to stay out of an employer-run savings program rather than having to take action to join it.

"We know that automatic enrollment has made a big difference in participation rates by making it simpler for workers to save," Obama said in his weekly radio and Internet address. "That's why we're going to expand it to more people."

(Excerpt) Read more at news.yahoo.com

Comments: Do they think the American people are stupid? Why would anyone let this Administration keep our tax dollars and give us savings bonds? People have a hard time saving now with the high price of groceries, utilities that are on the rise, gasoline, and insurance for starters but according to this Administration there is ZERO inflation so it must be our imagination. They tell senior citizens no raise of pay for two years because of zero inflation but how do they know next year we won't have inflation. Our national debt is growing by leaps and bounds thanks to the taking over of whole private business by Obama and his Communist thugs.

Maybe the old fashion way of money under the mattress is the best way to save! Then you have access to your money for that rainy day when your ATM no longer works because your bank has been taken over.