Posted on 07/13/2011 1:02:41 PM PDT by CNSNews
(CNSNews.com) - Despite President Barack Obama’s statement on CBS Evening News on Tuesday that he could not guarantee the government could pay out Social Security checks and veterans’ benefits after Aug. 3 if Congress does not agree to lift the limit on the national debt by then, official Treasury Department accounting documents for the month of June indicate that tax revenues for the month were almost three and a half times what the government needed to cover all Social Security benefits and veterans’ programs.
The Daily Treasury Statement for June 30—which any American, including the president, can look up on the U.S. Treasury Department’s website at this link—says the government took in $196.994 billion in revenue during the month.
The same statement says that the government paid out $50.719 billion in Social Security benefits in June, $4.196 billion in veterans’ benefits, and $2.961 billion for other Veteran Affairs department programs.
(Excerpt) Read more at cnsnews.com ...
how much interest on the debt for 1 month?
I think I saw earlier on another thread that the interest for one month is around 20-30 billion.
Does our President do even 1 minute of research before he opens his big lying yapper any more?
OBAMA LIED, AMERICA’S SENIORS DIED! (of shock)
“Does our President do even 1 minute of research before he opens his big lying yapper any more?”
WHY SHOULD HE?
His gay media minions will cook up ANY needed lie a feed it whole to the sheeple to justify any position he takes, and he knows it.
As Michelle O said in Africa “luckily, the American Media is on our side...”
I feel I am being hoodwinked!
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