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.