Overdrawn Fed Govt Dips into Pension Funds to Pay Bills
Don’t worry, folks! We can stay below the national debt limit! We’ll just take it from the pension funds!!!!
Phew. Emergency averted.
The federal employees surely won’t mind helping out the government as their investments are involuntarily “borrowed”.
Treasury Secretary Timothy Geithner wrote a letter to bipartisan Congressional leaders stating that he ”will be unable to invest fully” the federal employees retirement system fund.
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