US Government RAIDING Pension Funds

By Kirk Elliott, Ph.D. on January 23, 2012 in Weekly Video Address

When a government runs out of money they start to do irrational things. We’ve seen it happen in Greece and in other parts of the world, but it is now hitting home. With the debt ceiling being breeched again, Tim Geithner last Tuesday dipped into the Federal Employees Pension Fund. Why? Because the U.S. Government has run out of money. Will they pay it back? NO!!!! Why? Because they have run out of money. This is a serious event, which calls for an immediate response.

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About Kirk Elliott, Ph.D.

Kirk Elliott is an investment advisor with McAlvany Financial Group. Dr. Elliott earned his Ph.D. in Public Policy and Administration from Walden University. Dr. Elliott also earned a M.A. in International Studies from the University of Denver, and a B.S. in Business Administration from the University of Colorado.

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