Democrats are making a mess of our government. Biden refused to negotiate. So, this week, the United States government hit its $31 trillion debt ceiling. In short order, the government will be unable to borrow to keep up with Biden’s spending demands. Unless Congress can negotiate to raise the ceiling, major cuts need to be made if the government wants to survive.
So, where will the cuts be made? How about all that aid Biden is throwing to an endless war in Ukraine? Or, maybe he should stop rewarding Big Pharm by buying more and more COVID vaccines (when nobody wants them)? Nope, Biden’s Treasury Secretary is instead demanding cuts to… wait for it, civil servant pensions!
On Thursday, the United States reached its $31.381 trillion debt limit, prompting the Treasury Department under Janet Yellen to implement “extraordinary measures” in an attempt to pull the economy back from the brink of collapse…
Yellen warned of the imminent debt debacle in a letter to Congressional leaders last week. She explained that the measures needed would include “redeeming existing, and suspending new, investments of the Civil Service Retirement and Disability Fund (CSRDF) and the Postal Service Retiree Health Benefits Fund (Postal Fund),” and also suspending “reinvestment of the Government Securities Investment Fund (G Fund) of the Federal Employees Retirement System Thrift Savings Plan.” [Source: The Post Millennial]
What a load! Biden plans on spending $100 billion to bankroll Ukraine’s war. He’s spent billions to buy COVID vaccines and boosters–even though Americans don’t want them anymore. He’s dumping money into “green” sources of energy, even when we have ample oil under our feet.
But where does Yellen want to make the cuts? From hard-working civil servant pension and retirement funds. Can you believe this? Biden and his goons are so corrupt, they’d rather rob Americans who served the government for years than cut back on paying special interest groups.
Big Pharma has enough money to start its own country. Yet Biden keeps giving it our money. Meanwhile, postal workers might not get their retirements. And civil service workers with disabilities might get the shaft.
You can see what Yellen is trying to do. She is picking these funds to make cuts to, to guilt Congress into hastily raising the debt ceiling. House Republicans made it very clear, they will not raise the debt ceiling without making cuts to Biden’s pet project.
That means cuts to entitlement programs and money thrown at big businesses. Not cuts to retirement funds. But Yellen is perhaps the worst Treasury Secretary we’ve ever hand. She is only carrying water for a corrupt administration that is mortgaging America’s future–to enrich globalists and big businesses.
Author: Kit Fargo