Treasury Secretary Timothy Geithner says the government has begun borrowing from the federal employee pension fund to keep operating without surpassing its debt limit.
Geithner says in a letter to congressional leaders that the move will free up $156 billion in borrowing authority while Congress debates increasing the $16.4 trillion debt limit.
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4 comments:
Those bastards have stolen our social security money, so let them take the federal employees money too. What’s good for the goose is good for the gander!
This is going to have to happen everywhere and I blame the govenment employees themselves. It doesn't take a rocket scientist to see that all governments from the fed on down to the local levels are flat out broke.
All govenment employees want is take take take without thought to the consequences and when there penisons are gone well.....Let them eat cake! It's stupid to ever trust anyone with your money.
So this borrowing is not "borrowing"? UNBELIEVABLE!!
I remember the line in the movie: "I'm a politician. That means I'm a liar and a cheat and when I'm not kissing babies I'm stealing their lollipops." TOO TRUE!
They can start with Obama's cut, including SS protection.
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