Hence they will simply present a 'continuing resolution' to fund the federal government for a set number of weeks/months. Then the worthless bastards will do it all over again.
I cannot recall, if ever, that the Government under Obama has ever passed a finalized budget. Just a series of continuing resolutions.
In reference to your retirement question, there has been numerous 'rumors' regarding the government absconding with the populace IRA and 401K retirement accounts to balance the budget. If I recall correctly the total amount of these retirement accounts is > $23-24 Trillion.
I've read that the government would ensure a 3% return on our confiscated monies. Sweet deal eh?
Thanks
At the rate we are going then the official debt will be shown on record as the same as it is now. Of course that is a huge deception. But we are living in the greatest age of fraud and deception ever known.