“This Automatic IRA Act is a foot in the door for financing government deficits. It will be followed by legislation that will force present IRA, 401k and all retirement plans to purchase retirement treasury bonds, which will be called, Guaranteed Government Annuities. This has been buried within the Automatic IRA legislation.”

“The labor department has an agenda coming up next week on September 14th and 15th, which would decide on whether this so-called lifetime annuity should be required for private retirement accounts of all kinds.”

http://www.marketoracle.co.uk/Article22439.html

http://www.snopes.com/politics/taxes/debtfree.asp