Rat Faced
10-14-2004, 11:13 PM
Source (http://www.turkishpress.com/turkishpress/news.asp?ID=30781)
WASHINGTON, Oct 14 (AFP) - US President George W. Bush's administration said Thursday it will temporarily stop paying into a federal retirement fund to avoid hitting a 7.38-trillion-dollar debt ceiling.
US Treasury Secretary John Snow said he would suspend payments immediately to the federal employees' Government Securities Investment Fund (G-Fund) in order to keep the government running.
I know its a record deficit...but how is Robbing Peter to pay Paul good for any economy :rolleyes:
WASHINGTON, Oct 14 (AFP) - US President George W. Bush's administration said Thursday it will temporarily stop paying into a federal retirement fund to avoid hitting a 7.38-trillion-dollar debt ceiling.
US Treasury Secretary John Snow said he would suspend payments immediately to the federal employees' Government Securities Investment Fund (G-Fund) in order to keep the government running.
I know its a record deficit...but how is Robbing Peter to pay Paul good for any economy :rolleyes: