[Las Vegas Dave]

NON-ping list topic pings provided "FOR YOUR INFORMATION!!"

As one freeper commented, ".. this just happened last week in Ireland..!"

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As Congress squares off over a debt ceiling vote, the Treasury is scrambling to find cash in the couch cushions. One of the ways it will scare up extra money is by putting off saving for the retirements of federal workers — in effect, short-term “borrowing” from public pension funds.

[Quix]

HIDEOUS.

[GOPJ]

Thanks for the ping.

[Pontiac]

One of the ways it will scare up extra money is by putting off saving for the retirements of federal workers — in effect, short-term “borrowing” from public pension funds.

Federal Employee pension funds are no different than the SS Trust Fund it is play money. There is no trust fund it is all tick marks on a ledger.

Current retirees are paid from the general fund just like the SS pensioners. The country is already broke they just won’t admit it until no one will buy the Fed’s bonds.

[SunkenCiv]

Thanks LVD. Not a new story, but time for an update.