If Government Employees Aren't Safe... No One Is

>> Monday, May 16, 2011

If government can steal from the pension funds of government employees, how long before it decides to "borrow" from private retirement funds?

Treasury To Tap Pensions To Help Fund Government
By Zachary A. Goldfarb, Washington Post, May 15, 2011

The Obama administration will begin to tap federal retiree programs to help fund operations after the government loses its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.

Treasury Secretary Timothy F. Geithner has warned for months that the government would soon hit the $14.3 trillion debt ceiling — a legal limit on how much it can borrow. With the government poised to reach that limit Monday, Geithner is undertaking special measures in an effort to postpone the day when he will no longer have enough funds to pay all of the government’s bills.

Geithner, who has already suspended a program that helps state and local government manage their finances, will begin to borrow from retirement funds for federal workers.


Apparently neither Obama nor Geithner understand that many recipients (if not most), present and future, either were or are members of government unions. Does he think he can do this and still retain their votes?

Will current recipients not receive their benefits? Not hardly. The administration is not that stupid. But what about the recipients? What will they think? Will they think the administration capable of taking more if it chooses? Will Obama plant in their minds a fear of government? If government can, at any time, dip into your pension fund, do you mean to tell me you wouldn't feel the slightest bit frightened, or concerned... even offended?

If Washington can do this, dip into pension funds to fund their irresponsibility, how soon before it believes it has the right to do the same with private pension funds? There were talks of doing just that in 2008... doing away with the 401k in favor of a government plan (which they could then tap). Who's to say such an idea cannot resurface (if it has ever truly died)? Who's to say such an idea cannot be implemented?

If Washington would simply bite the bullet and take SERIOUS steps toward balancing this nations budget and paying off our ever increasing debt. If government would simply stop spending beyond its obligations... perhaps we could save this country.

It appears our leaders can't stand to see a single dollar unspent. Every idle dollar is a token to be offered for more personal power and influence. Those idle dollars belong to us, the taxpayers. Not government. Our pensions belong to us. Not government.

If these assholes would simply stop spending.

3 comments:

Jim May 16, 2011 at 10:21 PM  

Are you guys idiots or what? The US government has been borrowing from the country's biggest pension fund at least since the Reagan era. The borrowing is in the form of US treasuries which are guaranteed by the full faith and credit of the United States. Never defaulted.

In fact, this practice is so "un-American" that US Corporations have been doing it for years. The only thing is, they don't do it with US Bonds. They just do it, and the pensioners are SOL.

Mark May 17, 2011 at 9:02 AM  

the full faith and credit of the United States?

Do you have faith in the credit of the United Stats, Jim?

You work in a bank, I understand. Would your bank loan money to anyone with the credit rating the United States has, especially since Obama started spending us out of debt?

You know, the United States is in default. Does you bank make loans to people who are in default?

If so, may I borrow a 100,000 dollars from your bank? MY credit is at least as good as the United States. And my faith is better.

Mark May 17, 2011 at 9:05 AM  

Oops, I meant, If I can't pay, you can just raise my debt ceiling. Yeah, that'll work.

Post a Comment

Your First Amendment right to free speech is a privilege and comes with a measure of responsibility. You have the right to exercise that responsibility here but we reserve the right to inform you when you've used that right irresponsibly.

We are benevolent dictators in this regard. Enjoy.

Barry Obama : The Young Turk


Young Turk:
Date: 1908
Function: noun
Etymology: Young Turks, a 20th century revolutionary party in Turkey
:an insurgent or a member of an insurgent group especially in a political party : radical; broadly
:one advocating changes within a usually established group.





Photos: 1980 Taken by, Lisa Jack / M+B Gallery

Labels

"House Negro" "No One Messes with Joe" "O" "The One" 08-Election 1984 2009 Inaugural 2012 Election 9/11 abortion abortionists Air Obama Al Franken Al Gore Al-Qaeda American Youth Americarcare Assassination Scenario Atheism Barry O Bi-Partisanship Biden Billary Birth Certificate Border Security Bush Bush Legacy Change Change-NOT child-killers Christians Christmas Civilian Defense Force Clinton Code Pink Congress Conservatism Constitution Creation Darwin Del McCoury Democrat Hypocrisy Democrats Dick Morris Dr. Tiller Dubya Earth Day Elian Gonzalez Ends Justify Means Evil Evolution Evolution-Devolution Failure in Chief Fairness Doctrine Feodork Foreign Relations Free Speech Frogs Fuck America - Obama Has Gates George Orwell Gestapo Global Cooling Global Idiots Global Warmong God GOP Descent Graphic Design Great American Tea Party Gun-Control Guns hackers Harry Reid hate haters Heath Care Heretic Hillary Howard Dean Hussein ident in History identity theft Illegal Immigration Iraq Jackboots Jesus Jihadist-Lover Jimmy Carter Joe Biden Jon Stewart Kanye West Karl Rove Katrina Las Vegas Left-Wing Media Leftists Liar Liberal Media liberal tactics Liberals Liberty Lying Media Marriage Penalty Martyr Marxism McCain Media MSNBC/Obama Administration murderers Norm Coleman Obama Obama 2012 Obama Administration Obama Dicatorship Obama Lies Obama Wars Obama's Army Obamacare Obamists Olympia Snowe Partisanship perversion Piracy Police State Political Hell Political Left Populist Rage Pragmatist Prayer Proof of Citizenship Proposition 8 Racism Regime Change Revolution Ronald Reagan Rush Limbaugh Second Amendment Separation of Powers Slavery Socialist Government Tea-Bagging Tea-Parties terrorists The Raw Deal Thuggery Tom Tancredo Traitors War Criminal War on Weather War-Crimes Worst President in History

  © Blogger template Werd by Ourblogtemplates.com 2009

Back to TOP