Well, it's happened: Greece is out of OPM

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Originally Posted by BladesNBarrels

Both Federal and State (Colorado) already tax 401(k), 401(a), 457, 408 IRA tax-deferred accounts when you withdraw at ordinary income rates (must start withdrawing at age 70 1/2).
The early withdrawal before age 59 1/2 earns a "penalty" of 10% except for certain circumstances (Consult your tax advisor).
As national debt mounts up and revenues are uncertain, the path that Congress most commonly uses is increased taxation.
As an early Colorado Legislator stated, "No man nor his dog is safe when the Legislature is in session."

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What I mean is the government will change the 401K from a tax-deferred account into a "we're gonna tax it NOW" kinda thing.