Geithner suspending investments in federal retirement funds so he can barrow MORE for banks.

When I said they would come after pensions...I was laughed at and flamed...Well it is HAPPENING! What if the Treasury finds it cannot find, or does not have the money to reimburse the Federal retirees fund? What happens then?!?

It's official: The U.S. government hit the debt ceiling on Monday, Treasury Secretary Timothy Geithner told Congress.

Geithner said he would have to suspend investments in federal retirement funds until Aug. 2 in order to create room for the government to continue borrowing in the debt markets.

The funds will be made whole once the debt limit is increased, Geithner said. "Federal retirees and employees will be unaffected by these actions."

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