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| Economy |
| Lew taps government retiree pension fund - Social Insecurity Fund Deux |
| 2013-05-21 |
| Treasury Secretary Jacob Lew said late Monday he will begin tapping into two government employee retirement funds to buy more time before the U.S. Treasury is faced with the prospect of defaulting on the national debt. In a letter to congressional leaders, Lew said that he would tap the civil service retirement and disability fund and a similar fund that covers retired postal workers. The law allows him to remove investments from these funds to clear room for more borrowing until Congress votes to raise the debt limit |
| Posted by:Thiling Noodleman5194 |
| #5 So, he's a thief, so what aren't they all.(Democrats) |
| Posted by: Redneck Jim 2013-05-21 20:22 |
| #4 Beavis - might want to check your thread. ;-p |
| Posted by: Barbara 2013-05-21 15:10 |
| #3 From The Hill The ACA offers a subsidy to lower-income individuals and families so they can afford to purchase this insurance. As many of our members fall into this category, we believe the subsidy can and should apply to nonprofit plans. All we want is equality — where our plans are treated the same as for-profit insurers. They want the subsidies, not going to the person buying the coverage, but their union pockets |
| Posted by: Beavis 2013-05-21 14:51 |
| #2 "The law allows him to remove investments from these funds to clear room for more borrowing until Congress votes to raise the debt limit." DON'T RAISE THE LIMIT. He's screwed up our pensions, let him screw up overpriced gummint pensions too. |
| Posted by: Barbara 2013-05-21 13:22 |
| #1 Enron with a touch of "audacity". |
| Posted by: Whock de Medici1307 2013-05-21 12:52 |