Trump Axes Obama's MyRA Retirement Accounts After $70mm Of Taxpayer Funds Wasted

During his January 2014 State of the Union address Obama announced the creation of a new financial product that would allow American workers, those without access to retirement accounts anyway, to directly participate in the U.S. Treasury's debt ponzi on a tax-deferred basis. The accounts were cleverly named MyRA and were intended to be a substitute for people who didn't have access to an employee-sponsored 401k...with one little catch...money deposited in the accounts could only be invested in U.S. government bonds. Here's an excerpt from Obama's speech at the time: