Government Dipping into Pension Funds, Pushing US Closer to a Default
- 12 years ago
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Washington reports that treasury started dipping into federal pension funds to get more credit for Obama administration more credit to pay bills. As a result, some analysts predict that this will be the worse economic downturn since 2008 crisis. This borrowing, coupled with the European crisis, are making people head towards Gold for security and stability.
Washington reports that treasury started dipping into federal pension funds to get more credit for Obama administration more credit to pay bills. As a result, some analysts predict that this will be the worse economic downturn since 2008 crisis. This borrowing, coupled with the European crisis, are making people head towards Gold for security and stability.