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To: Wissa
It isn't a bill to be passed read this part again: 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.

We have the revenue to pay all these programs with 66 billion left over.

54 posted on 07/14/2011 3:30:06 PM PDT by shield (Rev 2:9 "Woe unto those who say they are Judah and are not, but are of the synaGOGue of Satan.")
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To: shield
We have the revenue to pay all these programs with 66 billion left over.

If there is no question about the priority of what the available money will be spent on, then why does he say this "requires the following actions by the House":
*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.

It looks to me that if those actions aren't taken, Social Security may fall to the back of the list of what gets paid.

57 posted on 07/14/2011 3:45:05 PM PDT by Wissa (Gone Galt)
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