For
almost a year we've seen bold headlines that Barack Obama is in the
process of taking 401(k)'s, ostensibly to pay down the national debt
(created by politicians we elect to office). The same flavor of borrowing
against federal employee retirement funds until Congress can borrow
more money:
"In
a letter to congressional leaders Monday, Treasury Secretary Timothy
Geithner said he is suspending new investments in both the Civil Service
Retirement and Disability Fund (CSRDF) and the Thrift Savings Plan G
Fund, which is invested in federal securities. In addition, the department
will redeem some of the investments held by the CSRDF, Geithner wrote.
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