going for our money

**learning** · 07-24-2009, 02:26 PM

http://www.washingtonpost.com/wp-dyn...021901262.html

Just read what I read. It talks about the gov taking our G Fund money. They say it is safe and that they will give it back to us. Hmmm? Like Social Security? I will still put money in! Must get the matching funds and all!!!!!!! However, should you also have savings in another area?

Just something to think about.

**nnuut** · 07-24-2009, 02:48 PM

Originally Posted by learning

http://www.washingtonpost.com/wp-dyn...021901262.html

Just read what I read. It talks about the gov taking our G Fund money. They say it is safe and that they will give it back to us. Hmmm? Like Social Security? I will still put money in! Must get the matching funds and all!!!!!!! However, should you also have savings in another area?

Just something to think about.

I don't like it, but they have done it before. If they fault in their debt to the "G" Fund that will probably mean that the Dollar imploded and is worth NOTHING? So I wouldn't worry about it, if the "G" goes the rest go with it!!

**James48843** · 07-24-2009, 04:18 PM

"G" fund-

Backed by the full faith and CREDIT of the United States Government.

Hmmm.....backed by the credit of the U.S. Government?

If Uncle Sam has a "credit score", what do you think his Credit Score would be these days?

**squalebear** · 07-24-2009, 04:35 PM

The article is dated 2006. Has anyone seen a more recent article that
claims the Government is going to tap the (G) Fund once again ?

**tsptalk** · 07-24-2009, 04:59 PM

I used to be worried, but the G fund has become small potatoes compared to the debt and spending. Using the G fund money would be like someone who's $1,000,000 in debt taking a minimum wage job at Starbucks to help pay it down.