And they're not eying for a bank or two, but for the big jackpot - 401(k) and IRA retirement funds. If Democrats and Mr Obama get their way, they will confiscate private retirement savings accounts and have them administered by social security:

Democrats in the U.S. House have been conducting hearings on proposals to confiscate workers' personal retirement accounts - including 401(k)s and IRAs - and convert them to accounts managed by the Social Security Administration.

The last time Social Security tried to administer something, it ballooned, and in the end, it cost the taxpayer truckloads of additional money. I think, however, that the plan behind this idea much different - the US treasury needs access to vast amounts of liquidity in order to finance different schemes planned to be implemented by the oncoming Obama administration, as well as financing every imaginable and unimaginable 'bail-out'. And, probably, is just a new scam to raise taxes through the backdoor and make sure those who saved money are again those got the shaft:

With a GRA, workers could bequeath only half of their account balances to their heirs, unlike full balances from existing 401(k) and IRA accounts.

The money thus generated for the state could be put forward as 'change', and as a well-meant smoke screen of equality and 'wealth redistribution':

The majority of witness testimony during recent hearings before the House Committee on Education and Labor showed that congressional Democrats intend to address income and wealth inequality through redistribution.

Maybe, these retirement savings accounts are called 'individual' because people worked long and hard to have money there?

No, the whole plan is a cold-blooded robbery against those who earn enough money to have a IRA, but not enough to be 'capitalist pigs'. The GOP election TV spot was right, if this gets through - and looking at the majorities, it's unlikely not to get through, unless enough Democrats have a spine.

The sheer amount of money then controlled by the nanny state in the form of 'guaranteed' retirement accounts is so tempting no Chicago mobsterpolitician can pass it up.

No, the US voters voted for 'Hope' and 'Change' last Tuesday. What they actually got is a bunch of highly corrupt politicians hell-bent on deprieving them of their hard-earned money in order to give it to the 'poor' and other welfare leeches.

In other words, robbers. Congratulations.