[SatinDoll]

But, Sarge,...there isn’t going to be any money left for pensions. The present regime is using it to keep the government going.

From Ann’s blog:

3) All of the FEDGOV pension money is totally being raided. I picked up on a Market-Ticker.org thread that the way the FEDGOV is keeping from “hitting the debt ceiling” is by raiding the TSP accounts, which stand for “Thrift Savings Accounts”. Those are all of the retirement accounts of government employees, basically government 401ks. Yeah. The Obama regime raids the TSP accounts, leaves an I.O.U., and it washes out on the balance sheet since it is all “gubmint”, and thus the “debt ceiling” is not breached.

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This isn’t just for Federal government employees, either.

Public employees in general are being paid pensions from tax revenue generated by the local citizenry.

So what happens when the local citizens have earnings far below the pensions paid to city, county, or state pensioners, and a large number of citizens are either unemployed or on the dole?

Can you say, “Hello, Detroit!”

[Old Sarge]

Yep. The ever-growing Ponzi scam. Sooner or later, the payees are going to demand their due.