Tuesday, January 15, 2013

US Taps Pension Funds To Avoid Passing Debt Limit

Gee, and here I thought these sorts of things only happened in places like Argentina and Spain.  So, now is Americas turn, as the US Taps Pension Funds to keep the spending levels in place without default. Seems like things are getting kind of desperate?  Calm before the storm?  How far down the road will this trick get us, a few more weeks?  Buckle up, it's likely to be a bumpy ride.  Americans are already feeling the pain of the new payroll tax increase.  Now government pensions are at risk as well.  How can they get away with it?

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