Monday, January 25, 2021

Tag: U.S. Troops’ Retirement Savings Are Being Used To Fund China’s Military

U.S. Troops’ Retirement Savings Are Being Used To Fund China’s Military

by Luis Miguel, The New American:

Once again, America is funding its own adversaries.

Congressman Mike Waltz (R-Fla.), an Army Green Beret, said during an interview with Breitbart News this week that the U.S. military is funding China — including weapons production for the Chinese military — by placing some of troops’ retirement savings in an index that includes Chinese companies.

In a video he tweeted earlier this week, Waltz said that “billions of dollars” of the military’s 401(k)-style plan are “going over to Beijing and funding Chinese shipbuilding, plane building and all types of companies.”