Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

3 Bumps

So this is what you do when the debt limit is reached?

The Obama administration will begin to tap federal retiree programs to help fund operations after the government loses its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.

Link text

Answer Question
 
itsmesteph11

Asked by itsmesteph11 at 12:39 PM on May. 16, 2011 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (15)
  • As my grandson would say "Yea buddy". Take the pensions from retirees and let them eat cat food seems to be the message.
    gemgem

    Answer by gemgem at 12:41 PM on May. 16, 2011

  • Eh, we all know SS isn't going to be around when we get old. This is just the beginning.
    Candi1024

    Answer by Candi1024 at 12:46 PM on May. 16, 2011

  • Some already eat cat food. And like it.

    WHY ISN'T THE POTUS' SALARY BEING PUT TOWARD NAT'L DEBT?!

    Not like their every want and need wouldn't be handed to em. Ugh.
    matobe

    Answer by matobe at 12:46 PM on May. 16, 2011

  • I knew they were "looking" for places to get money but I doubt stealing even from government pensions is the best and only option.
    It's typical of government. Even in states and cities they lay off teachers, firemen and police instead of secretaries or part timers or stopping wasteful programs
    itsmesteph11

    Comment by itsmesteph11 (original poster) at 12:48 PM on May. 16, 2011

  • Leave it to Obama (and his "administration").

    amazinggrace83

    Answer by amazinggrace83 at 12:49 PM on May. 16, 2011

  • This is an economic model which is widespread over here in Europe.Unfortunately it is the easiest way to find funds-just taking away from those who by right should never have to suffer because of politicians' mismanaging.
    MyrMar

    Answer by MyrMar at 12:49 PM on May. 16, 2011

  • – collapse
    sweet-a-kins

    Answer by sweet-a-kins at 12:52 PM on May. 16, 2011 (hidden) + expand

  • It will be fine. It will be chock full of US Treasury notes just like SS.
    Carpy

    Answer by Carpy at 12:57 PM on May. 16, 2011

  • Robbing Peter to pay Paul. I don't like it at all. Regular families don't start raiding their retirement funds if the cash gets low...they start cutting the unnecessary stuff.
    yourspecialkid

    Answer by yourspecialkid at 2:11 PM on May. 16, 2011

  • Obama is just following in Clinton's footsteps!!

    I'm curious to see what the RETIRED or ALMOST retired liberal posters on here think about it!! Rut ro....maybe it WON'T be there for you in a few years after all!! Better sure up that retirement portfolio!! :o)
    LoriKeet

    Answer by LoriKeet at 2:47 PM on May. 16, 2011

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.