And Just WHAT does the LDS church say about LYING!?
What?? What about the S.S. “Trust Fund”??
/sarc
In other news: Reid announces that S.S. is actually part of our deficit spending.
Sharpening the tines on the pitchfork.
Harry must be worried Landra won’t get her check on time.
So, the dem’s are upping the ante. Time for the House to play their hand and pass the prioritized spending bill that puts defense, ss, and medicare as first to get paid.
It must be that famous “liberal” compassion they always talk about...
Boner should demand an itemized list of the money Obama wants to borrow. He could then line item out the waste and fraud. I would make them do it every month. Then approve it for the next month.
I would like to see this bluff called. I want to see the whole thing called...
Let them stop the checks. And then show why it was a CHOICE by Obama and did not need to happen.
My guess, we call the bluff. They fold like a cheap tent. They are not going to stop those payments.
Where are the Republicans and the journalists screaming that the fe[de]ral government will take in somewhere around $196 billion this month and that interest on the debt, Social Security, and the military payroll combined is less than $100 billion? Why isn’t that news?
Call out Reid and Obama for the damnable liars they are!
Heck, if Biden said it, at least we could chalk it up to Gumpism.
The democrat house has gone over 800 days without proposing a budget. Barry submitted one budget that was based on insanity and a firm belief in Santa Claus. What, under Mr. Reid’s leadership, has been done?
Barry did however manage to spend more in his short tenure than all prior President’s combined. Smile for your Guiness Book picture retard-in-chief...
Blackmail.
Sure would like to know which side is betting money on a default.
That will be THEIR CHOICE if those checks stop!
They have the monthly revenues to meet the monthly SSIP, VA, MIL and Medicare expenditures. This is no different than a family skipping their mortgage pmt to pay their credit card min pmt and then partying the rest of it away.
It is good to see the Dems have their priorities straight.
To be specific, Mr. Obama lied when he threatened on July 12 that there wouldn't be enough money to send out Social Security checks on August 3 if the debt ceiling isn't raised.
The federal government receives more than $200 billion in tax revenue a month. Interest on federal debt per month is $29 billion. Social Security costs per month are about $49 billion. Medicare and Medicaid about $50 billion. Active duty military personnel and veterans programs some $2.9 billion each. Those monthly costs add up to around $134 billion - which leaves $66 billion per month left over.
The problem is - and get ready for this - the federal government is spending $108 billion more than it takes in every month now. The CBO estimates are that Washington spent $973 billion more, which means borrowed, than it received for the first nine months of FY2011. The Demagogues are digging the hole we're in $108 billion deeper every month - and they say the only way out is to keep digging and borrowing more!
I say no. I say this has to stop. Which is why I must admit I am keenly disappointed by my fellow Republicans in the House leadership, whom I feel have been suckered into a red herring trap on this.
They keep proposing ridiculous alternatives to Mr. Obama's impossibly destructive demand to raise both the debt ceiling and taxes - such as "entitlement reform," and agreeing to raise the debt ceiling by trillions right now in exchange for what Congressman Allen West appropriately terms "fairy dust" cuts in spending years from now.
I feel what they need to insist on is spending reform right now. As we saw in the numbers above, this requires the following actions by the House:
*Refusing to raise the debt ceiling. (Remember that only the House has the Constitutional authority to raise it, or indeed to authorize any and all spending by the federal government.)
*Specifying that the approximately $200 billion in monthly federal revenues be first spent as itemized above (debt interest payment, Social Security, et al).
*Negotiating with Mr. Obama on how the remaining some $66 billion in monthly revenues should be prioritized. This is the only discussion the House leadership should be having with Mr. Obama.
The discussion should go something like this. Mr. Obama, you've been spending $174 billion a month beyond the most essential priorities of debt service, Social Security, etc., and as of next month, you'll only have $66 billion. As Commander-in-Chief, a most basic responsibility of yours is to provide for the national defense, so a significant fraction of that $66 billion must go to the Pentagon. How do you propose to spend what's left, realizing that a majority of the House has to agree?
The frustrating part for me is their formula for spreading lies.
Step 1: Tell the lie
Step 2: “some” of the public-at-large hear it
Step 3: Said public-at-large believe it and run in circles shouting the sky is falling
Step 4: The liar waits 1/2 day to a full day or more depending on expected external pressure to “fix” the statement
Step 5: The liar clarifies initial statement with a bullcrap patch to cover his flanks (not that the press would call them on it)
Step 6: Liar sees Step 3 and says mission accomplished