BREAKING!!! Confirmed!!! They’re LOOTING Govt Pension Plans!!! Five Siren Alert!!!

I’ve been saying for months now that the “Extraordinary Measures” that the Treasury is taking to stay below the Debt Ceiling included the Looting of Equity in The Government Pension Plan…

Many have chided me, many have scoffed, “Linky or Stinky”…well here it is.

If you have a Govt Pension you should be taking to the streets about right now…

From the story…

Back on May 17–when the Treasury said the debt first hit $16,699,396,000,000–Treasury Secretary Jack Lew sent House Speaker John Boehner a letter indicating that the Treasury would begin using “extraordinary measures” to allow the government to continue borrowing money without exceeding the legal limit of $16,699,421,095,673.60.

“In total, the extraordinary measures currently available free up approximately $260 billion in headroom under the limit, as described below,” said an appendix to Lew’s letter.

Among the “extraordinary measures” Lew said he could take to create this “headroom” under the debt limit were: 1) not investing new money from the Civil Service Retirement and Disability Fund (CSRDF) in U.S. Treasury securities, which he said would create $6.4 billion in “headroom” per month, 2) not reinvesting $58 billion ion Treasury Securities held by the CSRDF that would be maturing and not reinvesting $16 billion in interest owed to the fund, which would create $74 billion in headroom, 3) suspending the routine daily reinvestment of $160 billion in special Treasury securities held by the Federal Employees’ Retirement System Thrift Savings Plan, which would create another $160 billion in headroom, and 4) suspending the routine daily reinvestment of Treasury securities held by the government’s own Exchange Stabilization Fund, which would create another $23 billion in headroom.

Article Continues Below

On Aug. 26, Lew sent Boehner another letter stating: “Based on our latest estimates, extraordinary measures are projected to be exhausted in the middle of October.”

Between now and then, Congress will need to approve legislation to fund the government past the end of the fiscal year on Sept. 30, decide whether to permit Obamacare funding in that legislation, and decide whether to authorize President Obama to use military force in Syria.

During that time, if Lew’s prediction to Boehner is correct, the Treasury will be able to use “extraordinary measures” to keep the federal debt from rising even as little as $25 million…

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REALIST NEWS – Goodnight Public Pensioners – GAME OVER



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