President’s Debt Limit Fear-Mongering Exposes Priorities

Center for Fiscal Accountability ^ | 2011-07-14 | [Staff]

[92nina]

...Should social security checks fail to go out on August 3, it will be because President Obama chose not to send them. The Social Security obligations the government is expected to meet on August 3 total $22 billion – far below the $73 billion cash balance Treasury is expected to have on hand the same day. In total, the government will take in around $2.2 trillion in revenues this year, enough to fulfill major entitlement obligations with cash to spare. The President is claiming Social Security checks can’t be paid because it would require him to admit his discretionary spending binge should be the first causualty of serious budget negotiations. His hyperbole can only mean one thing - the President deems disbursements owed to seniors less “vital” than other government expenditures:

• Treadmills for Shrimp – the National Science Foundation wasted $3 billion dollars last year on a host of inane studies, employee misconduct, and outright fraud.
• Pollution Reduction in China – the Environmental Protection Agency has spent $27 million on foreign air-pollution prevention programs.
• Outrageous Employee Compensation – over 77,000 federal employees receive compensation packages in excess of their state governor.
• Improper Grants – a Government Accountability Office (GAO) study found that the federal government wastes $125.4 billion on improper and fraudulent payments...

[92nina]

"With less than twenty days to go until Treasury’s August 2 debt ceiling deadline, President Obama’s attempts to force tax hikes as part of a debt limit deal grow increasingly desperate. On Tuesday, the President announced that social security checks may be among the first casualties of the debt-limit impasse, a blatant attempt to scare America’s senior citizens and force Republicans to compromise their principles. Yet such brazen fear-mongering is also a liability for the President, exposing his skewed priorities..."

Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at at Digg and at Reddit and in Stumbleupon and Delicious

[cripplecreek]

I see him on the TV now saying we need defense cuts.

[SMARTY]

“O” is SO spiteful and venomous. Why can’t he muster some of this (seemingly natural) hatefulness and loudmouth bullying for our enemies ... instead of unloading on Americans who oppose his policies and are exercising THEIR right to political expression??

[Mortrey]

Thanks for posting....good idea to list routes to share info....the excerpt makes for a dandy e-mail to be forwarded, as well!

[DJ MacWoW]

A Small Act Started It All

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