We’re in the best of hands.
The Central Intelligence Agency Retirement and Disability System could go bankrupt by the end of 2012 without an appropriation of $513.7 million, according to a request in the 2012 federal budget.
“Independent actuarial projections show the CIARDS fund going bankrupt by the end of 2012 with an unfunded liability of $6.4 billion,” according to the funding request.
The requested funds reflect the amortized cost of recapitalizing the system over 20 years, according to the budget request.
Our government at work. Gotta love it. Were these “yahoos” in bed with Bernie Madhoff?
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