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This is so bullchit!!!! Treasury Resumes Pillaging Retirement Accounts To Fund Deficit Spending Until Debt Ceiling Raised

By: capt_nemo in ROUND | Recommend this post (0)
Wed, 18 Jan 12 12:22 AM | 42 view(s)
Boardmark this board | De's Test Board 		Msg. 38125 of 45651
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Submitted by Tyler Durden on 01/17/2012 - 15:25 Debt Ceiling Deficit Spending

Back on January 5, when we first broke the news that the US debt ceiling has been reached, and breached, yet again, we said "And now the Social Security Fund pillaging begins anew until Congress signs off on the latest interim debt ceiling increase." Sure enough, operation rape and pillage is a go.

U.S. SUSPENDS PAYMENTS TO PENSION FUND TO AVOID DEBT CAP BREACH
GEITHNER INFORMS CONGRESS ON SUSPENSION OF PAYMENTS TO FUND
GEITHNER SAYS `G' FUND PARTICIPANTS `UNAFFECTED' BY SUSPENSION
GEITHNER SAYS `G' FUND TO BE MADE WHOLE AFTER DEBT LIMIT RAISED
GEITHNER: DEBT LIMIT WILL BE INCREASED JAN. 27 UNLESS BLOCKED

In other words: Congress better

http://www.zerohedge.com/news/treasury-resumes-pillaging-retirement-accounts-fund-deficit-spending-until-debt-ceiling-raised




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