Posted on 05/16/2023 1:12:36 PM PDT by grcuster
Billions of dollars of veterans benefits could be imperiled if the U.S. defaults on its debts, though the full extent of the fallout is uncertain because of the unprecedented nature of a default.
About $12 billion in veterans benefits are expected to be paid out June 1 -- the same day the Treasury Department has named as the earliest day a default could happen if Congress doesn't act to avoid it.
A default would likely delay those benefits, but for exactly how long would depend on the Treasury's next move after a default, experts who spoke to Military.com said.
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"There is significant uncertainty as to what would occur because we've never been there," said Rachel Snyderman, senior associate director of business and economic policy for the Bipartisan Policy Center, the Washington, D.C., think tank that estimated how much money in veterans benefits is due to be paid in June.
At issue is what's known as the debt ceiling or debt limit, which is the amount of money the Treasury can borrow in order to pay the nation's bills. The exact timing of the "X date," or the day the Treasury runs out of cash, is a moving target since it depends on how much tax revenue comes in, but Treasury Secretary Janet Yellen has warned it could happen as soon as June 1.
(Excerpt) Read more at military.com ...
But somehow money for illegals will continue to flow.
You know they will get their monies at the US citizens expense so Biden’s can get their cut.
If not veterans then seniors. If neither then the disabled or kids in wheel chairs. This crap goes on every year.
It’s easy leverage to manipulate Congress.
I fully expect the Biden regime to cut off Social Security to White seniors.
Shouldn’t it be ALL Federal Employee’s, especially everyone from the Executive Branch??
(Read: White Senior Supremacists)
Eff the veterans.
We need to give hundreds of billions more to Ukraine, foreign aid and we need more 10 year long, “Compassionate wars” costing trillions so we can win more death and debt.
Angst produced hand wringing, like the libs give a $#!t about veterans.
Gee, the world is going to end if Daddy not fed.
“Possible veteran impacts due to the stand-off between the Republicans and democrats.”
You do realize that this is all a Big Lie and propaganda? Nothing will happen to any big social programs if the debt limit is not raised this month or the next or the next. It is just a made up scare tactic by Yellen, Media, RINOs, and Democrats. Why would you believe anything the media has to say after the Durham report (even though this is the least of it)? And yes I am a veteran on benefits and I am not crawling in a corner holding my head down in fear. They mentioned this program because they want to tug at low IQ voters heartstrings.
See for yourself and advance the video to 2:43.
https://www.youtube.com/watch?v=a1VqaUn0Lfo
Roger that. Its only a tactic so at the end of the day, they will all go home to tell their constituents how they saved the day as they continue with their irresponsible spending to destroy this country economically.
But welfare/SNAP benefits will be untouched.
Every Rep, Senators and anyone working for the Feds in DC should have their paychecks stopped first.
Stop giving $ to Ukraine and illegal immigration.
White American professionals should secure jobs overseas in order to receive social security payments after retirement. Realize it — the American dream has turned into a nightmare.
This is bluff propaganda. They always use this scare tactic. At Fed, State, County, and city levels it is always Vets, Police, Fire, and then Schools.
They will start actually cutting pet programs like they should before they stir this Veteran’s Hornet’s Nest. Pubs need to stand strong.
stop sending benefits to ukraine
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