imported post
I'm sort of new here in that I haven't posted...still trying to figure out this economic stuff but I enjoy reading everyone's ideas on investments. I came a across a story on the Internet today that has me concerned. I'm even thinking about reducing my TSP contribution and looking for other ways to save...maybe a Roth IRA, mutual funds...I don't know yet what I'm going to do. My question is do we have any guarantee that the money we put in the TSP will be there when we need it and this stupid administration won't continue to raid it?
The original story came from a posting in Rural carriers usenet. I did a yahoo search and it also had a similar storyabout Sec. John Snow.
>US President George Bush's administration has weathered a pre-election
>mauling by announcing emergency measures to skirt a $7.38-trillion
>debt limit.
>Treasury Secretary John Snow said he would use pension money to keep the
>government running. In a letter to US Senate majority leader Bill Frist on
>Thursday, Snow said he was immediately suspending payments to a federal
>employees' retirement scheme, the Government Securities Investment Fund (G-Fund). The missing money would be repaid in full later, with no net effect on the
>fund or retirees, he promised.
I think we had the same promise on social security too....:X
I'm sort of new here in that I haven't posted...still trying to figure out this economic stuff but I enjoy reading everyone's ideas on investments. I came a across a story on the Internet today that has me concerned. I'm even thinking about reducing my TSP contribution and looking for other ways to save...maybe a Roth IRA, mutual funds...I don't know yet what I'm going to do. My question is do we have any guarantee that the money we put in the TSP will be there when we need it and this stupid administration won't continue to raid it?
The original story came from a posting in Rural carriers usenet. I did a yahoo search and it also had a similar storyabout Sec. John Snow.
>US President George Bush's administration has weathered a pre-election
>mauling by announcing emergency measures to skirt a $7.38-trillion
>debt limit.
>Treasury Secretary John Snow said he would use pension money to keep the
>government running. In a letter to US Senate majority leader Bill Frist on
>Thursday, Snow said he was immediately suspending payments to a federal
>employees' retirement scheme, the Government Securities Investment Fund (G-Fund). The missing money would be repaid in full later, with no net effect on the
>fund or retirees, he promised.
I think we had the same promise on social security too....:X