During the government 'shutdown' under Clinton 'because' of Newt, the Treasury robbed from several pension plans and furloughed many 'workers.' When Newt's GOP caved not only were the pension plans made whole, but the 'furloughed' were granted their normal pay for those days. Even though they hadn't done any work! And afterwards it came out that the unions had planned the whole paid vacation in advance with Clinton, well before the 'crisis' ever started.
I think Tim Geithner did this before.
He takes money out of the TSP -— the federal employee 401(k) system.
Basically it’s stealing the Federal Employees’s own money.
Then he pays it back later. Probably the G fund, Treasury fund.
Of course, it sounds like Mr. Jon Corzine— let me just take these customer
funds which are supposed to be segregated! !!!!!
Pretty soon the Feds are coming after your 401(k) not just federal employees!!!
” the Treasury robbed from several pension plans and furloughed many workers.”
Stop spreading misinformation. The Treasury did not rob the pension plans because the bank was empty. There were no assets to steal. The Treasury simply made book keeping entries that permitted the government to keep operating. For the furloughs, I understand that every government employee was given backpay so government employees simply received extra vacation time.
A day of reckoning is coming over unsustainable government spending. The day of reckoning will involve real economic events, not fraudulent government accounting.