Spending Retirees' Money
by Lee S Gliddon Jr
When we look at the problems that dug the hole that Detroit fell in we are seeing exactly what Obama is doing to America.
When things got bad and there were not enough taxes coming in from its citizens the Detroit politicians looked at the accounts and saw millions in the the Retired Employee bank account. Then, with no hesitation, laws were enacted to make drawing from that account to deposit the funds into the General Account, and 'poof,' that money was spent.
Currently our President is doing the very same thing!
Obama knows that if he went to Congress, as he should, his requests for money to give to HAMAS and such expenditures, would be summarily denied. Denied, and rightfully so.
Obama's Treasury Secretary found billions in the Employee Retirement Account and after advising Obama of that fact serious spending began.