Uncle Sam plans to sell $123 billion worth of Treasurys

[Guest Tony n Terrific]

Treasury can, for instance, draw on $113 billion in government securities currently held in a 401(k)-type plan for federal employees, according to the S&P report. Then there's another $3 billion or so that can be tapped monthly from a Civil Service Retirement and Disability Fund. Any money taken from those funds would need to be repaid with interest.

We had the greatest deal on Earth at onetime. This is before we elected and appointed demagogues, socialists, cowards, genetic malfunctions and the main guilty parties are the American people as myself because no one gave a damn. We will soon.

 

http://money.cnn.com/2009/10/26/news/econo...sion=2009102613

[Smitty]

Repaid? Just like the loans from Social Security?