MikeG Posted June 14, 2007 Report Posted June 14, 2007 I think it’s going to be quite a revelation for many Americans. And I am feeling a grandiose scandal! Enormous money flows to go further with those military missions in Afghanistan and Iraq may substantially empty the pension funds’ coffins. I know it due to some of my bank links. Now Americans are staying absolutely calm. So far they haven’t seen any drastic changes relating their well-being due to Iraqi war and peacekeeping mission in Afghanistan. But this should be really a worry for they are going to face those changes in future times. Smart officials in Washington, D.C. made a nice going indeed when they decided to “borrow” from the American Pension Fund huge sums bearing no interest charge. This was done without much fanfare and they meant to return the money back on quite a bit later. The problem emerged when it became clear the war in Iraq is for long. So the exempted money is unlikely to be returned back in the nearest perspective. That’s it. This should be really a big worry for aged Americans who may be just left without their personal savings in pension funds. Well, I guess ENRON notorious story comes in no comparison with this unprecedented fake. Quote
ScottSA Posted June 14, 2007 Report Posted June 14, 2007 I think it’s going to be quite a revelation for many Americans. And I am feeling a grandiose scandal! Enormous money flows to go further with those military missions in Afghanistan and Iraq may substantially empty the pension funds’ coffins. I know it due to some of my bank links. Now Americans are staying absolutely calm. So far they haven’t seen any drastic changes relating their well-being due to Iraqi war and peacekeeping mission in Afghanistan. But this should be really a worry for they are going to face those changes in future times. Smart officials in Washington, D.C. made a nice going indeed when they decided to “borrow” from the American Pension Fund huge sums bearing no interest charge. This was done without much fanfare and they meant to return the money back on quite a bit later. The problem emerged when it became clear the war in Iraq is for long. So the exempted money is unlikely to be returned back in the nearest perspective. That’s it. This should be really a big worry for aged Americans who may be just left without their personal savings in pension funds. Well, I guess ENRON notorious story comes in no comparison with this unprecedented fake. Money is not a zero sum game, so I'm not sure there's as "grandiose" a scandal as you think. Quote
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