The G Fund and the Debt Ceiling
Congress is once again debating whether or not to raise the debt ceiling. Here is what this means for federal employees.
Debt Ceiling
CBO Says Debt Limit Will Be Reached in October
The CBO says in a new report that the government will run out of money by October if the debt ceiling is not raised. Here is what this means for TSP investors.
Federal Employee Pension, G Fund Used to Avoid Government Default
The debt ceiling for the Federal Government has been reached and it is using accounting techniques to keep paying its bills. Federal employees are helping to fund the “extraordinary measures” now in effect.
Government Begins Borrowing from the G Fund to Offset Debt Ceiling
The Treasury Department is having to use “extraordinary measures” to offset hitting the debt ceiling, and that includes using money from the G Fund to help pay for government operations.
Debt Ceiling Looms… Again
Borrowing money has become commonplace for the federal government to fund its operations. What is this likely to mean for future tax rates? The author provides an analysis.
Social Security, the Debt Ceiling and Partisan Politics
What impact does the debt ceiling have on Social Security? Social Security will have money to pay the check. Will the rest of the government will have the money to mail it?
Funding the Federal Government with the G Fund
As we quickly near the latest debt ceiling limit for the federal government, the G fund will again by eyed as a temporary way to continue government spending.
TSP: G Fund Balances Will Be Unaffected by Debt Ceiling
The TSP issued a statement saying that balances in the G fund will be unaffected by the recent steps the Treasury has taken to avoid hitting the debt ceiling.
Borrowing from the G Fund (Again) to Offset the Debt Ceiling
The debt ceiling limit will again be reached on February 7th so the government will take “extraordinary measures” to fund the government. This means that retirement assets of federal employees, including the TSP G fund, will again be used to help fund government expenses.
The Debt Ceiling and Your Retirement Funds
Investors in the TSP’s G fund could be considered patriots for having their retirement investments used to help with the nation’s debt. Unfortunately, it isn’t voluntary as the government uses these funds to finance the debt because it has the authority to do so.
