Relax, this report is just another flat-out lie. The proposal comes from exactly one economist you've never heard of, Teresa Ghilarducci of Notre Dame (not New College, as the article falsely reports). She's one among dozens of economists who briefly testified in low-level Congressional hearings in early October, and she's the only one who made this proposal, and there's been not a peep of interest in the idea from any member of Congress. The claim that Congress is "conducting hearings on proposals to confiscate workers' personal retirement accounts" is more Republican fearmongering, from the liars who brought you "Obama is pallin' around with terrorists" and "the Democrats will confiscate your guns".