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  1. #1
    Senior Member AirborneSapper7's Avatar
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    Treasury Taps Into Federal Retirement Funds As Government Hi

    Treasury Taps Into Federal Retirement Funds As Government Hits Debt Ceiling



    May 18, 2011 by Personal Liberty News Desk

    The United States government has officially hit the debt ceiling limit, prompting the Treasury Department to undertake emergency measures in order to avoid the nation’s first-ever default.

    On May 16, Treasury Secretary Timothy Geithner told Congress that the government had reached its $14.3 trillion debt limit. He added that the Treasury would, among other measures, use Federal pension funds in order to make debt payments until early August.

    Geithner urged lawmakers to increase the debt limit by Aug. 2 “to protect the full faith and credit of the United States and avoid catastrophic economic consequences for citizens,â€
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  2. #2
    Senior Member ReggieMay's Avatar
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    They have their eye on private 401k accounts as well. One of Obama's advisors wants the govt to mandate investing a portion of your 401k in government funds/bonds.
    "A Nation of sheep will beget a government of Wolves" -Edward R. Murrow

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  3. #3
    working4change
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    Related Thread Here

    Treasury to Tap Pensions to Help Fund Government

    http://www.alipac.us/ftopict-238152-federal.html+tapped

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