Ghilarducci went in front of a House Committee and suggested the idea. She suggests taking tax breaks away from future “401k” dollars, and a couple of House members thought the idea needed to be looked at. The idea is to redirect the 401k dollars to a new government account that is managed by the Social Security Administration. It’s MY money and I don’t want the government’s hands on it!

From the money.cnn.com interview linked above.

The only answer, and this is after 25 years of looking at it, is to make people save: a mandatory, universal savings plan on top of Social Security.

Again I do not want the government’s hands on my retirement funding. No frigging way. They already have all of my Social Security money and I don’t see them solving that problem.

This is NOT an Internet rumor. Ghilarducci is a socialist, wants to have the government manage mandatory savings accounts and give a crappy return rate. Am I expected to think that they would put my money in a personal lock box where I’m the only one with a key? If so, your dreaming.