Tapping into Pension Fund to get around debt ceiling
January 17, 2013 – 9:11 am“Geithner says gov’t will borrow from federal employee pension fund to avoid passing debt limit”
OK, let’s see how this issue progresses:
Step 1 Replace all Social Security funds with U.S. Government IOU’s
Step 2 Replace all Government Pension Funds with U.S. Government IOU’s
Step 3 Replace all 401K Funds with U.S. Government IOU’s
Step 4 Replace all IRA Funds with U.S. Government IOU’s
Problem solved!
See:
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