Treasury Taps Retirement Funds to Avoid Breaching US Debt Limit

At least Joe will be able to send another 30 or 40 billion to Ukraine!

yup, the gubermints are sending the social security funds to the eastern euro money launderers. so they can pick it up later.

You know what's really scary?

The U.S. national debt reached the debt ceiling of $31.41 trillion in January 2023.

The Federal Reserve's Financial Accounts of the United States reported that the total amount of U.S. retirement assets (outside of Social Security) was $40.8 trillion at the end of 2021.

So the people in this country hold more than enough in retirement accounts to actually PAY OFF the national debt!

Could that be why government spending is so out of control? They don't seem at all worried about the debt, at least not worried enough to curtail government spending. Let's just hope they're not eyeing those accounts.

Would probably come up with something like saying everyone gets a guaranteed income, guaranteed by the government, so who needs those accounts anyway. What a joke! Just hoping the American people don't get bamboozled by those crooks in Washington!

Here's a thought...

The gov should stop spending so much. Trim some fat.

Who woulda thought?

5 Million?
That's a lot of weaves and colt 45 malt liquor!

Just a little haircut they'll say.

they’ve been stealing an awful lot here lately

maybe they know the real end of the world date and are splurging while they can, lol

Agreed. Here's another thought/question: WHY is our gov'ment continuing to send billions and billions to Ukraine?

Usury always destroys a nation

Well 2/3 of this planet ain't gonna needs no retarnents when thae happy juice kicks in.AND something huge is coming, the elites know.

Gotta stock those bunkers somehow...think all of those food shortages are coinkydink? One week it's peanut butter, the next week it's jelly? Come on, they're filling their laires for the big event. It's sooooo obvious.

Distraction
Distraction
Distraction
Steal more money
Distraction
Distraction

they did this exact thing Trump mighta been president but it was recent.

The very same Americans who said that Trump was evil for supporting wars, debt, and the police state now turn around and scream Biden is a holy god for loving wars, debt, and tyranny.

Thankfully, it seems to only be affecting Federal Employees for right now. We all know this is subject to change.

From the article in the OP:

The specific funds affected by the Treasury’s move are:

The Civil Service Retirement and Disability Fund, or CSRDF, which provides defined benefits to retired and disabled federal employees

The Postal Service Retiree Health Benefits Fund, or PSRHBF, which provides postal-service retiree health-benefit-premium payments. The fund is also invested in special-issue Treasuries

Americans never say they want less tyranny.

Americans say Biden supporting a debt increase is just fine because Trump did, too.

Americans scream gun bans are great if black people also lose their guns.

Americans say license plate readers are okay if illegal immigrants are also recorded by license plate readers.

Americans think that closing churches is wonderful if temples are closed, too.

Americans say banning dogs is fine if hamsters are also outlawed.

Americans say banning baseball hats is fantastic because cowboy hat collections will increase in value.

Americans think checkpoints are terrific because you can use another road.

Americans say outlawing spicy mustard is good because you could still buy original mustard.

Americans swear banning body armor is fantastic because you can easily make body armor with egg cartons.

Americans say that if the Gestapo are abolished then there would be absolutely no way you could protect your home.

scary times.

Thin ice.

The frog has been in the pot for a long time.

The temp continues to increase. One click at a time.

Close to boiling. Very close.

there goes social security

Obama had a plan to nationalize retirement accounts. Don't think for a second Joebama doesn't like that idea too.

Good point.

Tyranny didn't work out too well for the USSR, Nazi Germany, and Cambodia so why are Americans embracing it?

Good way to kill off more old people while they are at it.

These guys are looting money like crazy through Ukraine.

Who would invest in a business that is 31 trillion in debt and is piling on 1.5 trillion losses every year?

Them US government boys are good at what they don't do.

Last Edited by Mr. Lee on 01/20/2023 08:20 AM

Life may be all fun and games now in the USA, but as offshoring increases, illegal immigration rises, hard-working Americans die off or dropout due to higher taxes and more regulations, the national debt climbs, there is more terrorism as the result of illegal American wars, the police become more brutal enforcing draconian decrees, the US Ponzi economy and stock markets collapse, cash is banned, Americans are implanted with microchips, and real crises and false flags are used to force Americans to go to the gulags and finally to the gas chambers and ovens, will Americans wish that they had spoken out earlier against the dangers of wars, debt, and tyranny?

Payback for the Knockout game?

you put your money is a trust lol

what does everyone say about trust?

Here is what they are stealing

The specific funds affected by the Treasury’s move are:

The Civil Service Retirement and Disability Fund, or CSRDF, which provides defined benefits to retired and disabled federal employees

The Postal Service Retiree Health Benefits Fund, or PSRHBF, which provides postal-service retiree health-benefit-premium payments. The fund is also invested in special-issue Treasuries