April 12, 2013
I think Reynolds is on to something, though I’d be happy to see legislators of either party start talking up the sort of bill he proposes. For years now, there have been rumors that 401(k) and other supposedly sacrosanct retirement accounts will became game for governments low on funds. However well-based or not those fears are, anything the feds can do to draw clear lines and hem in their future behavior would be a good thing, for all the reasons Reynolds suggests. Massive levels of political and legislative uncertainty have reigned supreme in the 21st century and fear of the future is a great way to strangle it before it begins.
Enterprising members of Congress, take note.