Originally Posted by certifiedfunds
The politicians spent your contributions or the taxpayers' contributions?
If it is taxpayers contributions how is it misspent? Did they break the law?
It's misspent because the money was budgeted to be paid into the retirement system, not to be spent on operating expenses. Just like when a company budgets to build a new factory but instead gives a raise to the ceo. It isn't illegal to spend the money in that manner, but it doesn't negate the fact that the factory still needs to be built.
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