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To: Gaffer

“What he does not have funds for, however are all the entitlements that make up the EBT system. He hasn’t submitted a budget that has been approved by Congress in 5 years. These payments are all unbudgeted and illegal DEBT in my opinion, unlike SS.”

But that’s a farce as well. The fed takes in what 3 trillion annually? They CAN pay for it.

All of that is irrelevant though. I think you know damned well he will use EBT, SS, Medicare, etc. to scare the crap out of whomever he can.


19 posted on 10/16/2013 6:36:55 AM PDT by Vanbasten
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To: Vanbasten

He won’t use SS IMO. He will use EBT and all the others, but he’ll be sued if he doesn’t pay out on SS. It will backfire on him.

BTW, yes there is $3T/income per year, but the outflows are over $3.7-$4T. The difference being all those unbudgeted entitlements. This doesn’t even include the $85B/month the Federal Reserve creates to buy T-Bills and Stocks each month.

They CAN pay for LEGAL debt, but they can’t pay for illegal unbudgeted, unauthorized debt.


20 posted on 10/16/2013 6:47:23 AM PDT by Gaffer
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