WASHINGTON JUST DIPPED INTO RETIREMENT SAVINGS TO FUND ITSELF

tomfernandez28's Blog

Screen Shot 2015-03-23 at 11.16.31 AM

Our government is insolvent and can only stay afloat through further debt

BY FILIP KARINJA

DESPERATE FOR CASH IN ORDER TO MAINTAIN ITS SPEND-HAPPY WAYS, OUR GOVERNMENT JUST SET THIS DANGEROUS PRECEDENT.

From Filip Karinja

You know things are getting bad when your government begins to stick its hand into retirement accounts just so that it can remain solvent for a few more months.

With the debt limit about to come back into full swing at a staggering $18.1 trillion this week, Treasury Secretary Jack Lew has undertaken drastic measures to kick the can down the road until later this year.

One such plan to fund the government includes raiding the Thrift Savings Plan (TSP), a 401(k)-style retirement savings plan set up for federal employees.

Specifically, the Treasury wants to go after the G Fund, the largest fund in the plan, which contains Treasury securities that help to finance…

View original post 524 more words

Advertisements
Categories: Chaos, State of the World | Tags: , , , , , | Leave a comment

Post navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Create a free website or blog at WordPress.com.

100WordAnime

Reviewing anime in 100 words (approximately)

Logical Quotes

Humbly roaming the universe, usually alone.

YAHARI BENTO!!

In Depth Anime/Manga/LN analysis & some reviews in one blog/box. Which one would you like to eat in Yahari Bento?

simple Ula

I want to be rich. Rich in love, rich in health, rich in laughter, rich in adventure and rich in knowledge. You?

VOICE OF GOD

a sci-fi mystery

Logical Quotes

Logical and Inspirational Quotes

Documentary Short Film Festival

Submit your short DOC and get it showcased at the FEEDBACK Film Festival

%d bloggers like this: