Washington just dipped into retirement savings to fund itself | WHAT REALLY HAPPENED

Washington just dipped into retirement savings to fund itself

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.

Webmaster's Commentary: 

The US Government has now emptied the Social Security trust fund and is starting to loot the retirement accounts of their own employees! I remember back in the 1990s when I first called attention to what was going on there was this one poster from a .gov domain who kept attacking me and insisting that the government had the right to spend social security funds as general revenues. Now that it is his own retirement being embezzled, I wonder if he has changed his mind! :)

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