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Troops' Next Paycheck Disappears if U.S. Defaults
Military.Com ^ | Oct 15, 2013 | Richard Sisk

Posted on 10/15/2013 5:30:04 AM PDT by BulletBobCo

The troops will get paid on Tuesday, but the check after that could come in the form of an IOU if the nation defaults on its debt obligations, Treasury Department officials said.

Default on top of the government shutdown would cancel out the hastily-crafted legislation that brought back furloughed Defense Department civilian employees and allowed for the payment of back pay, death benefits, incentive pays, re-enlistment bonuses, veterans disability benefits and survivor benefits.

All would be eliminated if Congress and the White House fail to reach agreement on raising the debt ceiling to avoid default on Oct. 17, Treasury Secretary Jack Lew said last week.

"The United States should not be put in a position of making such perilous choices for our economy and our citizens," Lew said in testimony to the Senate Finance Committee.

A military coalition of 33 veterans' service organizations representing 5.5 million members planned to hold a rally Tuesday at the National World War II Memorial to protest the looming threat of payless paydays for the troops and cutoffs of disability and survivor benefits.

"It's all because of failed elected leadership in Washington who would rather tell you who's to blame than fix the problem," William A. Thien, national commander of the Veterans of Foreign Wars, said in a statement.

Working against the Oct. 17 deadline, Senate Republicans and Democrats were reportedly close to a deal on lifting the debt ceiling and ending the government shutdown. However, there was no guarantee the compromise would be accepted by the House.

Defense budget analysts said that the immediate problems of default and the shutdown masked the long-term challenges of getting a budget for the military passed by Congress that will include planning for the spending cuts imposed by the sequestration process.

(Excerpt) Read more at military.com ...


TOPICS: Government; News/Current Events; War on Terror
KEYWORDS: budget; debtceiling; default; military; obamasfault; shutdown; troops
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To: john316

No, I haven’t. Maybe I’ll order it from Netflix at some point, but only if there is a happy ending.


61 posted on 10/15/2013 6:42:19 AM PDT by bolobaby
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To: BulletBobCo

The US military is one of the few government function enumerated in the US Constitution.

So Obama is not going to them, but still give EBT cards to spongers and illegal aliens


62 posted on 10/15/2013 6:42:45 AM PDT by rdcbn
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To: BulletBobCo

The US military is one of the few government function enumerated in the US Constitution.

So Obama is not going to them, but still give EBT cards to spongers and illegal aliens


63 posted on 10/15/2013 6:42:46 AM PDT by rdcbn
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To: PATRIOT1876

my son just joined the army.
ebt still working though.


64 posted on 10/15/2013 6:44:16 AM PDT by Donnafrflorida (Thru HIM all things are possible.)
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To: BulletBobCo
the check after that could come in the form of an IOU if the nation defaults on its debt obligations...

The irony of this ridiculous statement is that a so-called "default" would make it MORE LIKELY to make paychecks to troops.

Constitutionally, 0' has to pay interest/principle FIRST, and then have a choice as to where to apply the 90% remaining tax receipts - apportioned to this entity, cut to that entity.

However, if he prefers to violate the constitution and NOT pay principle and/or interest first, there would be MORE tax receipts then to allocate to paying troops.

65 posted on 10/15/2013 6:44:43 AM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: bolobaby
last time I checked it wasn't available on Netflix. The plot is basicaly a military coup of liberal gubment.
66 posted on 10/15/2013 6:44:46 AM PDT by john316 (JOSHUA 24:15 ...choose you this day whom ye will serve...)
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To: john316

Does it have a happy ending?

(It is available for DVD delivery.)


67 posted on 10/15/2013 6:45:44 AM PDT by bolobaby
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To: BulletBobCo

There is an easy $787 Billion that would bring the deficit to at least Bush levels. The stimuli (sic) package passed in 2009 was supposed to be a one-time boost to the economy (and, to union thugs, but I digress...). Reed (sickO) conspired to not have a budget since then to lock this one-time spending into the continuing resolution budget process (ie, sham budget).


68 posted on 10/15/2013 6:51:59 AM PDT by C210N (When people fear government there is tyranny; when government fears people there is liberty)
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To: BulletBobCo

Obama is attempting to hold our military hostage.


69 posted on 10/15/2013 6:52:56 AM PDT by 444Flyer (How long O LORD?)
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To: DoodleDawg
With what?


The money they take out of our paychecks every week would be a good start. We still pay income taxes in this country despite the shutdown. And not all of our income goes to servicing the debt. It's all a matter of priorities, the government doesn't borrow every penny. The only reason the military won't get paid is if the pResident decides they aren't a high enough priority compared to his cronies. It's time DC learned to pay the bills without another credit card from the Bank of Chi-com.

The sky was supposed to fall during the sequester, an some cuts to the military were maid. Yet the administration still managed to fund more boondoggle projects than anyone can count.

70 posted on 10/15/2013 6:57:23 AM PDT by Idaho_Cowboy (Ride for the Brand. Joshua 24:15)
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To: bolobaby

Does it have a happy ending?

No, but does provide a good blueprint......


71 posted on 10/15/2013 7:02:28 AM PDT by john316 (JOSHUA 24:15 ...choose you this day whom ye will serve...)
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To: RedMDer

Correct.

This was posted on the EU Times yesterday. Not taken as fact, but there are real questions about why Obozo removed 7 top military officers recently.

www.youtube.com/watch?v=muxdLFKb4M8


72 posted on 10/15/2013 7:07:22 AM PDT by Texas Fossil
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To: BulletBobCo

“...You and your platoon will attack said hill and take it.”

“I’m sorry, Major, but that operation involves considerable risk. You haven’t sufficient collateral.”

“I’m aware of that,” said the Major. “Nevertheless, there’s the hill and you’re the one who are going to take it.”

“I’m sorry, Major. No collateral, no hill.”

So we didn’t take the hill and...we lost the war. I’m sure that story has considerable significance, but...I’ve forgotten what it is.... —The Best Years Of Our Lives


73 posted on 10/15/2013 7:08:28 AM PDT by onedoug
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To: RedMDer

Here is the search link about that video

http://search.yahoo.com/r/_ylt=A0oG7iDFRF1SEk4Alq9XNyoA;_ylu=X3oDMTBzODBkdWxkBHNlYwNzcgRwb3MDMTIEY29sbwNhYzIEdnRpZAM-/SIG=120dl1pfr/EXP=1381872965/**http%3a//www.youtube.com/watch%3fv=muxdLFKb4M8


74 posted on 10/15/2013 7:09:16 AM PDT by Texas Fossil
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To: G Larry
Barack want to destroy America. At this moment the House and Senate aren’t dumb enough to let him......just yet.....

3-4 missed checks and he'll declare martial law, blame it on the GOP and tell the troops to take out the House if they want a paycheck.

75 posted on 10/15/2013 7:20:31 AM PDT by bgill (This reply was mined before it was posted.)
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To: BulletBobCo

Excuse me, I didn’t take new math or any of the other “new” approaches to education when I was in school.

How can we default if our daily/monthly income from taxes is more than our current daily/monthly expenditures?

I thought you could default if it was the other way around.

But then I am not a politician who needs a crises to raise money to continue to live inside the beltway.

BTW, if we have enough money to continue to make welfare payments shouldn’t we also have enough money to continue to pay our military, active duty, reserve, and retired?


76 posted on 10/15/2013 7:21:48 AM PDT by Nip (BOHEICA and TANSTAAFL - both seem very appropriate today.)
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To: BulletBobCo

Has anyone seen the Feds talking about missing welfare checks?

Pay for Obama’s and Congressional royalty’s Secret Service details?


77 posted on 10/15/2013 7:22:06 AM PDT by BwanaNdege ("Life is short. It's even shorter if you suggest going out for pizza on your anniversary" Peter Egan)
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To: BulletBobCo

will Congressional and presidential paychecks also “disappear”?

If not why not?

barky told us any times he has extra money


78 posted on 10/15/2013 7:28:27 AM PDT by silverleaf (Age takes a toll: Please have exact change)
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To: BulletBobCo

I got paid today. They withheld over $200 in federal income taxes, every payday, twice a month. Same for everyone in my office, many thousands in my city, millions all over the country. For the troops to not be paid would be only due to failures by the CIC, IMHO. It is not like they run out of money and have no more coming in. This is just a disgusting ploy to try to get the low-information troops-sympathizers to go into panic mode.


79 posted on 10/15/2013 7:29:23 AM PDT by NEMDF
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To: DoodleDawg
If we had money to pay all our bills then the government wouldn't be running a deficit.

The federal gubmint has been running under continuing resolutions since Obumba was immaculated, instead of actual budgets. Whatever was budgeted prior to his immaculation continues on forever, including the multiple stimuli that were passed at the end of the Bush administration and at the beginning of the Obumba regime. That’s over a billion dollars of Obumba stash just floating around to be used as he feels.

Ya know, if there was an actual budget with actual debate and actual accounting, it may actually be possible to pay everyone, keep everything open, and not have to borrow. Hey, Obumba, why don’t you try that, instead of threatening everyone with annihilation?

80 posted on 10/15/2013 7:31:25 AM PDT by Conservative_Rob
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