The obamination says, treasury dept will tap retirement funds to fund govt.

[powderman]

http://www.washingtonpost.com/business/economy/treasury-to-tap-pensions-to-help-fund-government/2011/05/15/AF2fqK4G_story.html?hpid=z1


The obamination will ruin us one way or the other. All that matters is that he gets his way. POWDERMAN. 

[Hooker]

Do you suppose that will ever occur to these idiots that they don't have a money problem they have a spending problem?

[Lost Farmboy]

No!!!

[wreckhog]

Stop foreign aid and social security. End of problem.

[Lost Farmboy]

Stop foreign aid and social security. End of problem.

Only a start.

[gypsyman]

Stop all retirement payments for politicians,all medical benifits, limit so called business expenses.(How many plane trips can these clowns make a year!!) Limit the number of aids they can hire, or how many staff members. All foreign aid, UN contributions. These clowns are scratching for their lives. It's not going to be pretty. gypsyman

[Hooker]

Stop foreign aid and social security. End of problem.

Social Security has an obligation because money was seized from the people with a promise of being paid back.
For those who had these monies seized from them or their beneficiaries they are owed compensation.
Foreign aid needs to go welfare needs to go it is immoral for the government to be charitable with the peoples money.
Wasteful spending needs to go grant monies need to go it is immoral for the government to be irresponsible with the peoples money.

Pat

[The Hermit]

I agree with you folks in a way, spending needs to be cut. I'm happy to see them hit federal pensions.
If I understand what was said on Bloomberg TV today, I find it funny in an ironic way, that the treasury is talking about Federal employees pensions. Now watch THEM complain. This new dose of caster oil hopefully will wake up some in Washington.
Look for strong rebuttles from Government Union spokesmen. Its gonna get ugly from here on out.

  The Hermit

[Shu]

I work for the Government. I am not not here to help you. So you can forget about the first and biggest lie told by the government.

I have never belonged to a union.

I have a pension plan, it consists of recieving 1% of my high 3 years salary X the years of service. I have a 401k equivelant plan set up by the government and social security. (government salaries aren't that great to begin with. Very few less than 1% are close to what our private company counterparts make) (What does a private industry mech/logistics engineer make?)

I paid into social security and the 401k equivelant for 40 years should I be really willing to give them up?

What pension plans do private companies have, I am unfammilar with them. Do they exist?
If they do exist, why work for a company that doesn't have a retirement plan?

The real problem with government raiding retirement accounts is the government has a problem of over spending and not paying back. Government spending is like a crack addict.
There is no self discipline when it comes to government spending.

[The Hermit]

Shu, all of your statements are true. While private business pensions vary greatly, BOTH government employees and private pensioned employees will loose. The treasury will pay you back(gov pensions) with cheaper dollars at some point in time and be able to state that your pension didn't loose a nickel. Any fixed rate pension is being eaten up by inflation and any tied to the CPI for an inflation boost is being cheated by the government screwing with the index. There is no inflation, prices are not increasing. Believe that? Government spending is the primary problem. The secondary problem is inflating the money supply.
What should we expect from a weasel who cheated on his own taxes? Appoved by a Congress full of cronies who cater to special interest doners.  Sorry for the rant, folks.

  The Hermit

[Shu]

I think the government should eventually realize you can't just keep spending without paying down debt.  As consumers we still rank #1 in the world. Our government for some reason cannot stand other countries going bankrupt. I think the mentality is we have to be first in everything.
Realisticly we need to stop going to war and start rebuilding our own infrastructure. We need to tell countries we cannot help you becuase we have given you so much in the past with no repayment we cannot afford to keep giving you money.

Borrowing money to pay down debt... can I pay my Visa with my Mastercard?

[magooch]

I would rather that our politicians have the fear of us, rather than the fear of God.  The problem is that "us" includes so danged many who want stuff from the guvmint.

[Mike38]

I’m glad the government is tapping into federal employee’s retirement accounts. Maybe those brain dead federal employees will wake up and stop voting for people like Obama. Next I hope the government taps into Union workers retirement accounts. Likewise, maybe those brain dead Union workers will quit voting for Obama. My retirement account? I don’t have one. My money gets put into precious metals, a little gold, a little silver, then brass, lead and copper.

[Shu]

Mike 38,
 DoD employees for the most part vote for thier jobs. That means the conservative ticket. Conservatives like defense spending. Liberals prefer reducing DoD and giving money away.
Who would you vote for as a DoD employee?
Sincerly
"Brain dead federal employee"