Gov't borrowing

The CSRS retirement fund was solvent and fully funded in 1984. Pres. Reagan "borrowed" from the fund to pay down the debt. He gave the fund an "IOU". The retirement plan was 50% funded by employees. Other presidents have borrowed from the fund. Now the current president wants to borrow from the fund AND IT'S ASSOCIATED DISABILITY FUND. These are not "entitlements" as they were funded by employees. They went from fully funded to endanger of failure because because of wasteful federal spending. If you are an employee or retiiree in the older CSRS retirement plan you need to let your congressman know your feelings.

Obama also wants to "borrow" from the Thrift Savings Fund. This is the Gov't 401k plan funded by employees. Taking an employee's personal 401k plan is stealing from your employees. :Mad::Mad::Mad:

 

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