Posted on 01/15/2013 3:15:10 PM PST by tobyhill
All they are doing is putting an IOU in a box full of IOUs.
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GREAT POST! You nailed it.
He did the same thing last time, so then when he does get borrowing authority a lot is used up quickly by paying the retirement back.
Shoot just think of all the extra time we could have if they used the Postal Employees retirement funds
Not even close to true.
I have inside information refuting this statement.
B-b-b-but there might not be enough debt/revenues for big government tomorrow! That would be just terrible. ;-)
If you are a govt worker, you should pay attention very closely
Hear, Hear
It appears things are actually worse than they want to admit.
There are 10 total TSP funds. There is one and only one, the G fund can be borrowed from. The other 9 are index funds invested in the market. The G fund has been borrowed from before, and later repaid. The G Fund buys a nonmarketable U.S. Treasury security that is guaranteed by the U.S. Government. This means that the G Fund will not lose money. “They voted for Obama. The jokes on them.” Don’t bet on it, all Civil Servants are individuals, just as your Company employees, Church members, your drinking buddies, friends you went to High School and College with, they all voted individually, not lock step because of their race, color or creed. For me it’s Freedom, Family values, Conservative principles and Patriotism before these liberal progressives, skin pigment, small minded princes who want to control everything in our lives.
“I have inside information refuting this statement.”
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Unnamed sources? A well-placed official? Sounds like the liberal media. Post your views (unsourced is OK) so we can at least see some rationale as to why you think this is not even close to being true.
“The G Fund buys a nonmarketable U.S. Treasury security that is guaranteed by the U.S. Government. This means that the G Fund will not lose money.
They voted for Obama. The jokes on them. Dont bet on it, all Civil Servants are individuals, just as your Company employees, Church members, your drinking buddies, friends you went to High School and College with, they all voted individually, not lock step because of their race, color or creed.”
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1) The “guaranteed” G Fund may not lose money technically speaking, but it is losing buying power. Rate for the last 12 months was less than 1.5% which does not keep up with inflation.
2) I didn’t say that ALL Civil Servants were in lock step. Some are probably horrified at the what this regime is doing to their country. However, the vast majority of feds (70%) and their unions (NTEU & AFGE) strongly supported Obama. His administration is now tapping the federal employees’ G Fund to avoid passing the debt limit. And the pay raise for 2013 will be a paltry .5%. Like I said, the joke’s on them.
Just know, that there are a ton of federal workers that
don’t like Odumbo, and certainly didn’t vote for him.
No doubt some federal workers are horrified by what this regime is doing to their country. I personally know some who are. However, the vast majority of feds (70%) and their unions (NTEU & AFGE) strongly supported Obama.
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