Do this, extend the normal retirement age to 70 or beyond, and dramatically increase early withdrawal penalties, and, voila, our money is now their's. Sound like a crazy idea? Like something that couldn't happen here? Maybe, but isn't the above scenario exactly what politicians have done with the Social Security "trust fund"? Of course it is. Fool me once, shame on you, fool me twice....
Instapundit has some thoughts regarding these European governments' actions:
IF THIS HAPPENED HERE, I HOPE THAT POLITICIANS WOULD BE SWINGING FROM LAMPPOSTS.
And this time, not metaphorical lampposts, either.
Sounds a little radical coming from Glenn Reynolds, but hey, lessor crimes have spawned revolutions before.