February 2, 2014

BILL STRAUB ON MYRA: Obama’s ‘Action’ on Retirement Accounts Fails to Anger or Impress.

Republicans have had practically nothing to say about the initiative even though it was executed via executive order, a process that GOP lawmakers maintain Obama uses to excess in general defiance of the Constitution. But the new program has failed to draw objections from lawmakers.

Even without the Republican denouncement, myRA has attracted only tepid enthusiasm from organizations that might normally be expected to hail a new benefit for future retirees.

Not quite sure how Obama has the authority to do this.