So here it begins once again. The Treasury is raiding money from Federal employees' retirement funds so that the gov't can pay its bills because these assholes in Congress still want to play around with the debt ceiling.
(Read it and weep here.)
The president has a few easy ways around this, i.e. the 14th amendment and the platinum coin, but he's shown himself to be too timid or, preferring spending cuts that hurt the economy and especially, the middle class and poor.
The debt ceiling is relic of the gold standard that is inapplicable under today's monetary system of free floating non-convertible currency. But it remains in place out of ignorance and political expeiency.
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