Portugal raiding pension funds could be sign of things to come in U.S

Friday, December 09, 2011 by: J. D. Heyes

There is a saying that epitomizes the dangers of surrendering too much of your independence: “Those who giveth can also taketh away.” With that in mind, it should come as no surprise that in Portugal – and, most likely, a number of other nations in the months and years to come – state-provided pension funds are no longer safe from the government’s all-powerful reach.

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