The quote I loved from this article was:
My question based off this is, while I know that there are 'statutory protections,' does anyone really believe that the borrowed funds will truly be repaid? I just see a repeat of the borrowing from the SS & Medicare pots of money with many, many IOUs.The G fund, which holds more than $222 billion, would be one of the largest pots of money the Treasury Department could borrow from. In addition, the CBO suggested that Treasury could also suspend its payments to the Civil Service Retirement and Disability Fund (CSRDF) and Postal Service Retiree Health Benefits Fund (PSRHBF).
By law, all three of these funds would eventually be paid back, with interest, after Congress raises the debt limit. A spokesperson for the Federal Retirement Thrift Investment Board, which manages the TSP, said federal employees and retirees will be unaffected by any temporary borrowing measures.
“As always, we want to remind our participants that the G fund will be made whole once the debt ceiling issue is resolved and that participants will not lose a penny, thanks to the statutory protections afforded to the TSP,” she said.