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…
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