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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.

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…

- See more at: http://cnsnews.com/news/article/terence-p-jeffrey/treasury-debt-0-august-cbo-deficit-was-146b#sthash.HQ3b73dX.dpuf

REALIST NEWS – Goodnight Public Pensioners – GAME OVER

 

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  • Nemry

    What happens to all of the veterans benefits including their retirement funds?

    • http://DrGoldstein.blogspot.com/ Doctor Goldstein

      When they cut the payments to Retired Vets and Disabled Vets it will be game-over for the US Govt and the Fed(an illegal cartel of parasites that infected America). The Vets have the unique skill-set, and the manpower, to do a regime-change in America.

  • Dave_Mowers

    Why not just cancel the debt to begin with? It is U.S. Treasuries that cannot be paid right? So, ipso-facto, simply cancel all U.S. Treasuries held by U.S. agencies and the Fed.

    Why not just fund our government with money created digitally by our bank in the first place?

    • vlad the skewerer

      Presidents that try that get clipped. I like the circular route the money takes. The Treasury gives bonds to the Fed for notes to be used as money, money loaned at interest to taxpayers as wages, wages invested for retirement in securities backed up by said taxpayer, securities fail and taxpayer gets the bill while the banks who sold them get bailed out by the taxpayer…….round and round it goes!

      • Dave_Mowers

        Just thinking out loud here but if it is true that “money” is the primary driver of spending, investment, entrepreneurship and happiness then would it not make sense to create an economic system that encourages, at any cost, those elements which fulfill one’s lifestyle and bring cohesion to a society?

        If money is imaginary and created by government decree then why not have the government issue money directly and loan it to anyone for any purpose as long as they show they can and will pay it back?