http://www.federaltimes.com/article/20110405/BENEFITS02/104050306/
Treasury may borrow federal retirement funds in debt emergency
By SEAN REILLY | Last Updated: April 5, 2011
*** begin quote ***
The government could temporarily tap tens of billions of dollars from two federal employee retirement programs if Congress fails to raise the federal debt ceiling next month, Treasury Secretary Timothy Geithner told lawmakers.
The government expects to hit a $14.3 trillion debt ceiling on May 16 or before, Geithner said in a Monday letter.
Geither implored Congress to extend the debt ceiling by that deadline and said that if Congress does not, Treasury will be forced to borrow money from the Civil Service Retirement and Disability Fund, and the Thrift Savings Plan’s Government Securities Investment Fund, or G Fund, both of which are invested in U.S. Treasury securities. Those two moves could free up $142 billion through early July.
*** end quote ***
Talk about brazen!
I’m not a fan of Gooferment workers, but stealing their retirement money. Someone should be in jail!
# # # # #
Reinke Faces Life 
I agree…keep up the good work here.
“Scire tuum nihil est, nisi te scire hoc sciat alter”
LikeLike