Janet Yellen And Treasury Tap Retirement Funds (Social Security) to Avoid Breaching US Debt Limit (US CDS Elevated To 2013 Debt Crisis Level)

Confounded Interest ^ | 01/19/2023 | Anthony B. Sanders

[Kaiser8408a]

US Treasury Secretary Janet Yellen has signalled that she will “tap” into Social Security to avoid breaching the US debt limit. Of course, if she does, it is unlikely that she will return the dollars.

The Credit Default Swaps 1-year for the US (insurance against default) sits at 68.55, near the highest since 2013 debt ceiling crisis.

Notice that the debt ceiling keeps on climbing once the Kabuki Theater of Democrats and Republicans is over.

The Volatility Cube for the US CDS 1 year signals that it will all be over soon.

So, Yellen and Treasury are threatening us with taking away Social Security and Medicare if we don’t agree with their lavish Pelosi-like spending sprees and debt.

And why exactly is Janet Yellen flying to China? I admit Washington DC has lousy Chinese food, but at least I hope Yellen takes Hunter Biden with her to negotiate the impending US default and debt workout.

[Kaiser8408a]

Biden and Yellen, trashing America for the benefit of China.

[Quentin Quarantino]

Unable to restrain their reckless spending, the Feds opt to steal from the elderly and the disabled.

Uncle Sam is now ruling us via Munchausen by Proxy.

Evil is as Evil does.

[Huskrrrr]

This bag needs to go.

[EinNYC]

Throw Yellen out, ASAP. Some of us would LIKE to receive our Social Security, to which we contributed for decades of our lives. Screw China and all the other countries getting paid under the table by Biden’s FOUL crew of deviants and freaks.

[cableguymn]

Unable to restrain their reckless spending, the Feds opt to steal from the elderly and the disabled all of us.

[Sacajaweau]

I’m pretty sure this is BS. First time this has been mentioned. Just trying to “break” the Republicans with this “threat”.

[JesusIsLord]

This bag needs to go.

The Fed needs to go!

Rand Paul's anti-Fed argument: https://www.breitbart.com/politics/2015/02/22/establishment-gop-pushes-back-on-rand-pauls-anti-fed-rhetoric/

[unixfox]

They ALL need to hang!

[pepsi_junkie]

All life I’ve suspected that I’d pay into Social Security every day of my working life only to have it be insolvent the day I retire. I’m 54. Right on track to be right about that.

[Chad C. Mulligan]

Threatening to destroy the $Dollar$ in order to save it?

[FlyingEagle]

literally robbing grandma

[I want the USA back]

While they accuse Republicans of trashing Social Security.

biden’s administration is bankrupting this country!

[Vaduz]

Janet Yellen has signalled that she will “tap” into Social Security to avoid breaching the US debt limit.

She’s on page two of the democrat fear notice book section or else.

[shotgun]

But the illegals will still get their checks.

[telescope115]

Can they legally do that? I wouldn’t think so.

[DEPcom]

"I’m pretty sure this is BS. "

It is a BS fear article. They are tapping Civil Service Retirement and Disability Fund and the Postal Service Retiree Health Benefits fund.

They are considering in addition the Federal Employees Retirement System Thrift Saving Plans.

They can borrow money from above and Social Security, but they are required to paid it back with interest.

Treasury Taps Retirement Funds to Avoid Breaching US Debt Limit

[TheConservativeTejano]

While they accuse Republicans of trashing Social Security. biden’s administration is bankrupting this country!

We know that Obama and Susan Rice goal is to bankrupt the U.S. and turn us into commies like the ChiComs.

[clearcarbon]

"Janet Yellen And Treasury Tap Retirement Funds (Social Security) to Avoid Breaching US Debt Limit"

What happened to that old political admonition, "touch social security and you're dead?"

[Gene Eric]

Turn the blame of this so-called economic threat back on the Rats where it belongs. Even if all this is orchestrated kabuki theater.

[SisterK]

no social security for you
must send zillions to Ukraine