Treasury Taps Retirement Funds to Avoid Breaching US Debt Limit | |
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Anonymous Coward User ID: 84891921 United States 01/20/2023 06:02 AM Report Abusive Post Report Copyright Violation | 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! |
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ChefElvis User ID: 13147426 United States 01/20/2023 07:10 AM Report Abusive Post Report Copyright Violation | You know what's really scary? Quoting: Anonymous Coward 84891921 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! Just a little haircut they'll say. A legend in my own mind |
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Wingnut1234 Keep Texas Free! User ID: 82247377 United States 01/20/2023 07:23 AM Report Abusive Post Report Copyright Violation | 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 |
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Eireann User ID: 84181351 Ireland 01/20/2023 07:59 AM Report Abusive Post Report Copyright Violation | 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 Eireann~ I am crucified with Christ: nevertheless I live; yet not I, but Christ liveth in me: and the life which I now live in the flesh I live by the faith of the Son of God, who loved me, and gave himself for me. - Galatians 2:20 |
ScrumpTheTexan Forum Administrator 01/20/2023 08:00 AM Report Abusive Post Report Copyright Violation | I am a Christian. Christian does not equal doormat or pushover "I Have Sworn upon the Altar of God... Eternal Hostility against every form of Tyranny over the mind of man." -Thomas Jefferson, Sep. 23, 1800 The Election of Donald John Trump: [link to www.godlikeproductions.com] For previous Newsletters, click 'Scrump's News Letters' @ [link to www.godlikeproductions.com] |
Anonymous Coward User ID: 84964173 Canada 01/20/2023 08:01 AM Report Abusive Post Report Copyright Violation | 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. |
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Mr. Lee User ID: 80320528 United States 01/20/2023 08:10 AM Report Abusive Post Report Copyright Violation | Americans never say they want less tyranny. Quoting: Anonymous Coward 84964173 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. 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. The truth is easy to remember. |
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Anonymous Coward User ID: 80841682 United States 01/20/2023 08:12 AM Report Abusive Post Report Copyright Violation | You know what's really scary? Quoting: Anonymous Coward 84891921 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! Obama had a plan to nationalize retirement accounts. Don't think for a second Joebama doesn't like that idea too. |
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Mr. Lee User ID: 80320528 United States 01/20/2023 08:18 AM Report Abusive Post Report Copyright Violation | 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 The truth is easy to remember. |
Anonymous Coward User ID: 84964173 Canada 01/20/2023 08:18 AM Report Abusive Post Report Copyright Violation | 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? |
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Texas Best Don’t Mess With Texas! User ID: 83991870 United States 01/20/2023 08:44 AM Report Abusive Post Report Copyright Violation | 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 ………… For we wrestle not against flesh and blood, but against principalities, against powers, against the rulers of the darkness of this world, against spiritual wickedness in high places.….. |