"...Geithner Prepares To Drain Retirement Accounts, And Banks Step Up Lobbying"

[WhiskeyGirl]

Why aren't they renegotiating the terms of all this debt?  Asking those holding the debt to take 10 cents on a dollar?  Do the holders of all this debt like they did the GM/Chrysler bondholders and others standing first in line in bankruptcy?  Why isn't Obama shaming those holding the debt as greedy?  Asking them to make sacrifices?  Share in our "we're all in this together" pain?

"The Debt Ceiling: Geithner Prepares To Drain Retirement Accounts, And Banks Step Up Lobbying"

...Tim Geithner has already begun preparing for the extraordinary measures he will be taking once the Treasury hits its limit. This includes a preparation to raid various government retirement accounts to pay off the debt.

Read more: http://www.businessinsider.com/the-debt-ceiling-geithner-already-preparing-to-hit-the-limit-2011-4#ixzz1KksqYQyn

Why are American people always expected to sacrifice?  Why aren't the bankers, those big international banks, the big private banks, and the Federal Reserve taking any hits?

Why are they always sticking it to the little people on Main Street?

[WhiskeyGirl]

But behind the scenes, Treasury Secretary Timothy F. Geithner has already begun juggling the books to conserve cash, draining a special account at the Federal Reserve. And with the debt forecast to hit the legal limit of $14.3 trillion in just a few weeks, he has a range of tools at his disposal, including borrowing money from a pension fund for federal workers.

Isn't this a problem?  Who's going to make up the money due to the federal workers?  Special account at the Federal Reserve?  Exactly how much is in there?

Why hasn't the Fed been audited and abolished?

Why haven't the bankers or debt hounds made ANY sacrifices?  All the profits they make?  Maybe it's time they paid it back?  Paid it forward for future generations?

So far, the Treasury has nearly drained a $200 billion cash-management account at the Fed, providing a cushion of money to pay bills without new borrowing. Next, Geithner is likely to take a series of "extraordinary actions," such as suspending the issuance of special securities that help state and local governments manage their own finances. Once the debt hits the limit, Geithner may declare a "debt issuance suspension period," permitting him to borrow from the pension fund for federal workers.

Why isn't the federal workers pension fund already filled with IOUs like the Social Security trust fund?  Not understanding that.

http://www.cbsnews.com/stories/2011/04/27/politics/washingtonpost/main20057912.shtml

If lefties keep suggesting that Americans should stop paying their mortgages to  take down the banks, why aren't they insisting the US should just stop paying it's debt?  Screw all these profit/debt/global profit/greed hounds?