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 ...
What about all the people on disability who are three because they have a bad temper - or because they use drugs? or because they’re alcoholics? Let’s DUMP THEM OFF THE GRAVY TRAIN AND SUPPORT VETS INSTEAD?
Yes, I hope these tyrants DO cut off Social Security payments to seniors so millions of senior veterans with rifles will respond to the outrage imposed by these traitorous communists.
So, did Yellen say we will stop payments for veteran benefits? So, handouts to illegals will continue, but veteran benefits, ss payments, and interest payments will stop? If that is going to happen, why go deeper in debt? Through this thing in a ditch right now!
Somehow money for welfare and entitlements will continue.
Time to default!
Plenty of money for hotels for illegals, none for the vets, and the people responsible are looking to blame somebody else as usual.
Don’t pay the 6 million illegals that entered in the past few years, and currently pouring over the border right now.
You can count on the Democrats to screw the veterans first.
RE: I fully expect the Biden regime to cut off Social Security to White seniors.
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then....
https://www.amazon.com/There-Will-Be-War-Volumes/dp/9527065593
YUP-—SWAG BAGS—phones—EBT cards===help from all directions -—but turn backs on Veterans
Just don’t pay the FBI, CIA, DOJ, Dept of ED, Dept of Ag, White House and the other traitorous agencies.
“You can count on the Democrats to screw the veterans first.”
Always. And then white, Christian Conservatives and the elderly second, along with white police officers....if they can manage it. It’s a pattern.
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