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To: Rande Is who wrote (57367)	3/6/2006 3:28:20 PM
From: Bucky Katt	Read Replies (1) of 57584

The US Govt is broke>> Treasury sec John Snow notified lawmakers today that the Treasury would begin tapping the Civil Service Retirement and Disability Fund, which Treasury officials said would provide a "few billion" dollars in extra borrowing ability. Treasury officials also announced that on Friday they had used the $15 billion in the Exchange Stabilization Fund, a reserve that the Treasury secretary has that is normally used to smooth out volatile movements in the value of the dollar in currency markets. Treasury has also been taking investments out of a $65.3 billion government pension fund known as the G-fund. He wants congress to up the $8.2 trillion debt limit.

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