2 things happened.
Nov 13, 2001 Bush ordered the Strategic Petroleum Reserve to be filled to Capacity.
The price of oil, at that time, was $21.67. Today’s price is over $55.00.
Oct 22, 2004 Fed suspended payments to the Federal Employees fund avoid running out of cash and possibly defaulting on government debt. Why? Reached its $7.4 trillion debt ceiling.
So, here is what it boils down to. Bush says, PAY ALL TIME HIGH PRICES FOR OIL, but DON’T pay any more into the Fed Employees fund. Tell me - Whose side is he on?
If you go to Department of the Treasury - http://www.ustreas.gov/
you will NOT find any reference to Stopping payments.
But, what you WILL find is THIS - JS-578: Secretary Snow's Statement on ... 07/17/03
Statement by Treasury Secretary Snow on Strengthening America's System
FROM THE OFFICE OF PUBLIC AFFAIRS
July 18, 2003
JS-578
Statement by Treasury Secretary Snow on
Strengthening America’s System
Today’s action on the Portman-Cardin bill by the House Committee on Ways and Means begins the process intended to strengthen the retirement security of working and retired Americans with traditional plans.
We will continue to work with Congress to achieve the President's goal of accurate funding rules, and to ensure that promises made are promises kept.
As we work towards a more comprehensive reform of the system, the President continues to believe that these changes must include a more accurate measure of liabilities, increased transparency of plan information, and safeguards against under-funding.
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And Thursday they stop payments. CAN YOU SAY HYPOCRITE?
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I was on TV here in LV Yesterday.
They asked me how I felt about the HIGH price of gas.
I told them I was MAD!!!!
Nobody is talking about the ALL TIME HIGH PROFITS OF THE OIL COMPANIES
and
nobody is talking about - in 2001 Bush ordered the
Strategic Petroleum Reserve filled to CAPACITY.
So, it is being filled at Oil that is Over $55.00 a barrel an ALL TIME HIGH.
THAT is what I am mad about.
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