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"Truth & Justice" <nowhere@nohow.com> wrote in message 
news:qIGdnR8-INcE2_LcRVn-og@jvlnet.com...
> Bush raids federal pension fund:
>
> Friday October 15, 2004
>
> US President George Bush's administration announced emergency measures
> to skirt a $7.38-trillion debt limit.
>
> Treasury Secretary John Snow said he would steal from pension money to
> keep the government running.
>
> In a letter to Senate majority leader Bill Frist on Thursday, Snow said
> he was immediately suspending payments to a federal employees'
> retirement scheme, the Government Securities Investment Fund (G-Fund).
>
> He said that he was hoping that the missing money could be repaid at
> some unspecified time in the future.
>
> The admission of fiscal mismanagement by the administration comes less
> than three weeks before Bush faces Democratic challenger Senator John
> Kerry in the November 2, presidential election.
>
> "George Bush continues to make history for all the wrong reasons: He's
> the first president to go without creating a new job since the Great
> Depression and now he's run up more debt in [a] shorter period of time
> than all the presidents combined in the 200 years from Washington
> through Reagan," said Kerry campaign spokesman Phil Singer.
>
> This is the third time he's broken his promise not to raise the debt
> ceiling.
>
> House Democratic leader Nancy Pelosi described Snow's manoeuvre as "a
> shameful admission" that the administration's economic policies had
> failed the American people.