There is nothing more laughable - nor more pathetic - than listening to a liberal discuss economics. And listening to Elizabeth Warren only serves to prove the point that liberals simply are not qualified to discuss money matters.
Ms Warren's latest economic "thought" is a law that requires every working person to contribute to a 401K. Imagine the working stiff, living paycheck to paycheck having to take money from his pay each week and dump it into the stock market when he can't even meet his other financial obligations. I would ask Ms Warren - just which of life's essentials should he give up, just so you can force your beliefs on him? Maybe he should stop feeding his kids. Or maybe give up his home. Just where should he cut his already over-burdened budget?
Sure, she says you can "opt out" - for now. But if that is true, why bother with passing the law? Those who want a 401K can already have one, and those who don't, won't. What is the point of the law? Frankly, it is a foot-in-the-door. Once there is such a law, it will eventually get "tweaked" until all are forced to contribute - except, of course, those on welfare. That means the taxpayers (i.e. working folks) will have to be taxed more in order to provide "economic justice" to the welfare recipient, to insure they, too, have a TAXPAYER FUNDED 401K. We have already seen how Obama has repeatedly "tweaked" ObamaCare in violation of the law, as did Sebelius.
Progressives like Warren, Obama, Reid and Pelosi do not care about the consequences of their so-called "social engineering". They are elitists who believe they have a right to tell other people how to live, what to eat, what to buy or not buy. Nope, can't have a big soda. Nope - no salt on restaurant tables. Yep, you gotta buy insurance. Nope - can't build a sunroom on your home. And when we restrict water useage and your grass dies, we'll fine you for letting the grass die (as they did in California).
Liberals have only one goal, and it is not the betterment of the folks OR the security of the nation. Their one and only goal is CONTROL. Everything they do is designed to gain control over the rest of us, which is precisely why they pushed so hard to force ObamaCare down our throats - control a person's health and you control the person.
And they want drugs legalized - get people addicted to something - drugs, food stamps, welfare - and you control the person. And you control how he votes, which is designed to ensure liberals not only gain control, but keep it.
Here is what the likes of Warren are missing - if you remove restrictions and regulations and let the ingenuity and hard work of the people loose, wealth is created. The folks become more prosperous. And when they prosper, the nation becomes stronger. And THAT is "economic patriotism", not the whacky, self-serving "let government control your lives" stupidy of the Warren plan.