Monday, March 06, 2006

From the Government is Stupid file

The Department of the Treasury makes the biggest argument for -and against- Privatizing Social Security. I am truely impressed that they were able to do this by the same action.

Truely a marvel.

Treasury has also been taking investments out of a $65.3 billion government pension fund known as the G-fund.

Officials have said that once the debt limit is raised, the investments taken out of the pension funds would be replaced and any lost interest payments would be made up. The formal title for the G-fund is the Government Securities Investment Fund of the Federal Employees Retirement System.

The government can't keep its financial house in order, so that right there says "How can we trust it to be there when we retire" But I want you to take a look at the fund they raided to help pay for some of the debt crunch problems

Government Securities Investment Fund

Thats right so even if we get a private investment plan from the Government they can still raid the cookie jar

The Government wins, the people lose... and we lurch into bad financial times

No comments: