Hartzman Tax & Fiduciary: Treasury Secretary Jacob Lew reminds Congress Social Security and myRA are Ponzi schemes

2/10/14

Treasury Secretary Jacob Lew reminds Congress Social Security and myRA are Ponzi schemes

"Treasury Secretary Jacob Lew ...said he will suspend debt issuance for the Civil Service Retirement and Disability Fund and not invest fully in the Government Securities Investment Fund of the Federal Employees' Retirement System. Lew said that the actions were taken "during previous debt-limit impasses," and that both funds "will be made whole once the debt limit is increased."...

http://www.marketwatch.com/story/us-to-suspend-pension-retirement-funding-lew-2014-02-10-1591162?link=MW_home_latest_news
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President Barack Obama's myRA savings plan appears to be a Ponzi scheme

http://hartzman.blogspot.com/2014/02/president-barack-obamas-myra-savings.html

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