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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.

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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.

    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.

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

  • Some already eat cat food. And like it.


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

    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

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

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


    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.

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

  • – collapse

    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.

    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.

    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)

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

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