Geithner says gov't will borrow from federal employee pension fund to avoid passing debt limit

  • Article by: MARTIN CRUTSINGER , Associated Press
  • Updated: January 15, 2013 - 3:39 PM
  • 17
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theagonybhoJan. 15, 13 3:40 PM

OMG Geithner cant go soon enough for me, he's gonna tap the federal pension fund which is probably under funded to the tune of a billion so they can rob Peter to pay Paul, brilliant.

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avejoeconJan. 15, 13 4:08 PM

What is wrong with this. According to the left, when Clinton did it to get his "surplus", the dems rejoined and are still doing it today, even though it still has not been paid back!

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markapJan. 15, 13 4:22 PM

Where are the spending cuts?

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moandaaJan. 15, 13 4:25 PM

We are now Argentina.

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hogryderJan. 15, 13 4:32 PM

obama needs to learn there is no more money, time is now to quit spending like a drunken sailor

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mrknowitallJan. 15, 13 4:35 PM

SSN, pension funds and all things similar should be permanently off-limits from the grubby hands of greedy, incompetent politicians. If these clowns in D.C. cannot get revenue up and spending under control, then we need special elections to replace them all immediately. Speaking of immediately, Wall Street's puppet and BFF Geithner needs to go.

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bppd46Jan. 15, 13 5:11 PM

If a private employer took money from the pension fund funded by deductions of employee's salary they would go to prison. Lost compounded interest and dividend reinvesting will further hurt the pension fund. Gee wonder why the pensions are under funded.

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aardvark878Jan. 15, 13 5:17 PM

As long as they take the House's pensions first, that's fine by me. They're the ones putting us into this corner. And when the US debt rating goes down (as it did the last time they engaged in such stupidity) the cost of our debt will simply go up, because our credit rating is being eroded.

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davehougJan. 15, 13 5:22 PM

HEY, this is a GREAT idea, I use it all the time to pay Visa with Mastercard :)

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rlwr51Jan. 15, 13 5:23 PM

bppd46 - Unfortunately private companies take and have taken money from peoples pension funds for years, and they get away with it then they go bankrupt - to bad, so sad, ho hum. Minneapolis Moline comes to mind off the top of my head - It was a factor in Hostess going bankrupt...

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