Archive for July, 2013

Obama’s Treasury loots federal retirement accounts

July 28, 2013

Well, since every president since Reagan has raided (excuse me, BORROWED) the baby boomers social security deposits, it’s about time the Federal employees felt our pain! The massive surplus generated in the 70s, 80s and 90s by our generation should have been put in escrow instead of being “borrowed” and never repaid. If that had been done, we wouldn’t HAVE a social security problem now. It didn’t occur to ANYONE in Washington that in the late 90s and 2000s we would start to retire and the fact that we weren’t popping out babies like our parents had would cause a deficit at that time? I wrote to my congressman decades ago about escrowing our surplus donations because I knew there’d be a deficit when we retired, but was told “that’s not how SS works.” In other words, better to steal it than plan for the future.

Fellowship of the Minds

The federal government blew the roof off the U.S. debt ceiling — again.

The RTreports that in May 2013, the U.S. Treasury exceeded the federal legal borrowing limit of $16.7 trillion. America’s  outstanding public debt is already $38.82 million above the statuary debt ceiling and now at $16,738,220,000,000.00, according to Treasury data.

Do you know how the Obama regime finances the debt and manages to stay “afloat”?

Answer: By looting federal employees’ retirement accounts.

Back in May 2011, the Obama regime first tapped into federal retirement funds.

Hesh Goldstein reports for Natural News that on May 17, 2013, America’s chief bankster, Treasury Secretary Jack Lew, announced that the Obama regime (in order to avoid default) would tap into and suspend investments into the Civil Service Retirement and Disability Fund, as well as halt the daily reinvestment of the government securities (G) fund, the most…

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