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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (64522)	1/18/2012 9:07:51 PM
From: John	3 Recommendations Read Replies (1) \| Respond to of 103300

I agree, GZ. The following article places the entire issue of multiculturalism and its liabilities into the proper perspective... Treasury dips into pension funds to avoid debt news.yahoo.com excerpt: The Treasury on Tuesday started dipping into federal pension funds in order to give the Obama administration more credit to pay government bills. "I will be unable to invest fully" the federal employees retirement system fund beginning Tuesday, Treasury Secretary Timothy Geithner said in a letter to Democratic and Republican leaders in Congress. The House of Representatives is expected to vote on Wednesday on the Obama administration's request to raise the country's legal debt limit to $16.394 trillion. However, unless the lower chamber and the Senate are able to shore up enough votes to block the White House request, the debt limit will be increased by $1.2 trillion next Friday and a repeat of last year's debt ceiling debacle will be averted. Geithner said Treasury started suspending reinvestments in a federal pension fund known as the G-Fund -- a tool Treasury has had to employ six times over the past 20 years in order to keep the country below the statutory debt limit. The Treasury Department has already tapped another seldom-used fund in order to allow the government to continue borrowing without running afoul of the country's laws. --- When we read about this blatant austerity measure, we must all recognize the enormous financial burden presented by illegal aliens, affirmative action programs, socialized medicine, special socialism programs for minorities, welfare programs, food stamp programs, foreign aid handouts, and other freebies. Federal pensioners are being materially harmed so that undeserving leeches can benefit at their expense. Bottom line: The United States of America would be in far better financial standing without the enormous economic and social liabilities and contagions of socialism, egalitarianism, Marxism, fascism, and liberalism. It must end. -ng-