California politicians rule the Obama administration

City Journal: Last week, the Obama administration’s Department of Labor released new rules allowing states to sponsor pension systems for private-sector workers whose employers don’t offer retirement plans. The decision could ultimately drive trillions of dollars of employee money into the hands of the same state officials who have mismanaged public pensions for years. What could possibly go wrong?

And California:

LA Times: Ca lifornia has taken a step closer to becoming the first state to make retirement savings accounts a near-universal benefit for workers with a plan that lawmakers hope will help ease an expected massive shortfall in retirement savings.
A state board Monday sent a set of recommendations to the Legislature calling for the creation of the California Secure Choice Retirement Plan — essentially a 401(k) plan operated by the state and open to private-sector workers whose employers don't offer a retirement savings plan.
Employees of any company with at least five workers would be eligible to participate. That would cover an estimated 6.8 million workers, about a third of California's labor force.