So the woman in Alameda County (Oakland, CA) who is the county administrator and will retire this year with $404,000 a year in lifetime return for her service to the community - is "O" going to take hers - clearly that is worth more than $3 million? I'll bet big bucks she's not going to lose a dime to bama.
While this will never affect me, (at least until they lower it to the $1,000 level, LOL), I find it interesting that Obama's budget bill "allegedly" sets a limit on pre-tax retirement accounts at $3 million, for all accounts combined.
It reminds me of the bill that was talked about a while back of confiscating all retirement accounts and turning them into annuities.
I woudn't put anything past these people. We do live in interesting times.