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Treasury dips into pension funds to avoid debt
Reuters ^ | January 17, 2012 | Reuters

Posted on 01/17/2012 6:54:19 PM PST by John W

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1 posted on 01/17/2012 6:54:26 PM PST by John W
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To: John W
how do they plan to pay it back and make the pension fund whole??

Does the WH know they will surely cause great upheaval and distress among the fed employees - or is this part of THE plan?

2 posted on 01/17/2012 7:01:56 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: John W

We are in debt up to our ass, They have stolen 500 Billion from Medicare, they are killing Social Security and now they are fugging over the Pension system.

WTF is going on? They are bankrupting America.

No wonder they want to take our guns.


3 posted on 01/17/2012 7:02:28 PM PST by Venturer
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To: John W

how do they plan to pay it back and make the pension fund whole??

Does the WH know they will surely cause great upheaval and distress among the fed employees - or is this part of THE plan?


4 posted on 01/17/2012 7:02:37 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: John W

how do they plan to pay it back and make the pension fund whole??

Does the WH know they will surely cause great upheaval and distress among the fed employees - or is this part of THE plan?


5 posted on 01/17/2012 7:02:37 PM PST by elpadre (AfganistaMr Obama said the goal was to "disrupt, dismantle and defeat al-Qaeda" and its allies.)
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To: John W
Why even have a debt limit if all you do is raise it?

It's like a drunk limiting himself to 15 drinks, and then raising it to 16.
6 posted on 01/17/2012 7:02:47 PM PST by Question Liberal Authority (I also think that Obama should be defeated.)
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To: John W

Our federal government borrows and spends roughly 70% more money than it takes in!

If the average American household with an income of $50,000 were somehow able to do the same thing, they’d be borrowing $35,000 a year and spending $85,000. In 14 years their debt would be up to $500,000, and at the historical interest rate of 5%, they’d be paying out $25,000 annually in interest, or 50% of their total income. Obviously it would not have been long before they went belly-up.


7 posted on 01/17/2012 7:03:09 PM PST by WOBBLY BOB (Congress: Looting the future to bribe the present.)
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To: John W

Since most of the government unions back the donkeys (or in some cases, mules), there is a certain rich irony here.


8 posted on 01/17/2012 7:06:09 PM PST by PAR35
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To: John W

Does anyone think they will attempt to seize private bank accounts?


9 posted on 01/17/2012 7:08:01 PM PST by NoKoolAidforMe (I'm clinging to my God and my guns. You can keep the change.)
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To: elpadre
The federal workforce is about 30% black, and maybe 70% democrat, so they f* with the FERS at their peril.
10 posted on 01/17/2012 7:09:33 PM PST by hinckley buzzard
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To: elpadre

are you serious?

When they get the debt limit increased, THEY WILL BORROW MONEY and pay back the pension fund. Sheesh. don’t worry about those precious government workers. They will get their pensions. YOU(and all taxpayers) will pay through the effing a** though!

Chumps.


11 posted on 01/17/2012 7:09:33 PM PST by mamelukesabre
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To: NoKoolAidforMe

I have heard the 401ks are in their sites.


12 posted on 01/17/2012 7:10:21 PM PST by Donnafrflorida (Thru HIM all things are possible.)
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To: NoKoolAidforMe

I have heard the 401ks are in their sites.


13 posted on 01/17/2012 7:10:35 PM PST by Donnafrflorida (Thru HIM all things are possible.)
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To: elpadre

Lets elect ANOTHER Big government Big spending RINO-RAT, what could possibly go wrong?


14 posted on 01/17/2012 7:11:00 PM PST by jpsb
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To: John W

So what? They have been doing that for some time with Social Security fund and never worried about paying it back. Let the government employees face the same fate.


15 posted on 01/17/2012 7:12:34 PM PST by freeangel ( (free speech is only good until someone else doesn't like it)
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To: NoKoolAidforMe

“Does anyone think they will attempt to seize private bank accounts?”

That is what INFLATION is for.


16 posted on 01/17/2012 7:13:59 PM PST by desertfreedom765
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To: John W

I’ll wager congressional pensions are off limits.


17 posted on 01/17/2012 7:14:15 PM PST by P8riot (I carry a gun because I can't carry a cop.....Eagle Scout since Sep 9, 1970)
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To: Nachum; TigerLikesRooster; blam; LucyT

ping.


18 posted on 01/17/2012 7:14:31 PM PST by Jet Jaguar (Romney=Gun Grabber. Go Newt!)
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To: Nachum; TigerLikesRooster; blam; LucyT

ping.


19 posted on 01/17/2012 7:14:40 PM PST by Jet Jaguar (Romney=Gun Grabber.)
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To: Donnafrflorida

On a serious note, how far do you think Obama will go with seizing our retirement and cash accounts?

Or is this the stuff of Alex Jones and Gerald Celente?


20 posted on 01/17/2012 7:17:01 PM PST by NoKoolAidforMe (I'm clinging to my God and my guns. You can keep the change.)
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