Retirement raiding resumes

Posted on January 17, 2012 by


From ZeroHedge:

Back on January 5, when we first broke the news that the US debt ceiling has been reached, and breached, yet again, we said “And now the Social Security Fund pillaging begins anew until Congress signs off on the latest interim debt ceiling increase.” Sure enough, operation rape and pillage is a go.

(Note: it is FERS, not SS that is not being funded.)