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Biden assures Americans on Social Security, VA as debt default date nea
The Hill ^ | 05/25/2023 | BRETT SAMUELS -

Posted on 05/25/2023 12:24:20 PM PDT by ChicagoConservative27

President Biden on Thursday sought to reassure Americans that benefits for veterans and Social Security recipients would not be impacted by the looming threat of a default as negotiators struggle to come to a budget deal and raise the debt ceiling.

“I’ve made clear time and again defaulting on our national debt is not an option,” Biden said in remarks from the Rose Garden where he was set to nominate the new Joint Chiefs of Staff.

“The American people deserve to know that their Social Security payments will be there, that Veterans’ hospitals remain open and that economic progress will be made and we’re going to continue to make it,” Biden continued. “Default puts all that at risk. Congressional leaders understand that and they’ve all agreed, there will be no default. It’s time for Congress to act now.”

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


TOPICS: Culture/Society; Government; News/Current Events; Politics/Elections
KEYWORDS: americans; assures; biden; socialsecurity
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To: Vaduz

just read they’re about 77 bil apart. the school loan forgiveness program is about 83 bil. problem solved.


21 posted on 05/25/2023 2:48:27 PM PDT by Sacajaweau ( )
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To: ChicagoConservative27

Social Security is not broke. There is a huge trust fund, which has been invested in federal government spending. Had the SS trust fund been actually invested., it probably would be rolling in dough. And we didn’t even get a toaster.


22 posted on 05/25/2023 2:51:23 PM PDT by Bernard (“the rights of man come not from the generosity of the state but from the hand of God." JFK 1-20-61)
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To: ChicagoConservative27

Since The House approves appropriations, why can’t they make the determination which bureaucracies will be funded and which not????


23 posted on 05/25/2023 2:58:13 PM PDT by elpadre (nd )
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To: Sacajaweau

No school loan forgiveness program the public isn’t their daddy.


24 posted on 05/25/2023 3:01:25 PM PDT by Vaduz (....)
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To: Vaduz

Grrrr...my kids worked their butts off and paid off all their loans.


25 posted on 05/25/2023 3:18:23 PM PDT by Sacajaweau ( )
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To: 1Old Pro

Shut down most of DC as far as I am concerned.

Here is a list:
https://www.usa.gov/agency-index

I would guess 95% of this monstrosity most American could do without.


26 posted on 05/25/2023 3:24:02 PM PDT by Chgogal (Welcome to Fuhrer Biden's Weaponized Fascist Banana Republic! It's the road to hell.)
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To: Sacajaweau

They earned their way indeed now they have to pay the way for the slackers due to Biden by God if that doesn’t keep them away from voting democrat nothing will.

Best of luck


27 posted on 05/25/2023 3:36:23 PM PDT by Vaduz (....)
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To: 1Old Pro; All

Eliminate the Dept. of Ed, Energy, CDC, HHS, FBI, HHS, and a few other departments and agencies that are worthless.


28 posted on 05/25/2023 3:52:33 PM PDT by Cobra64 (Common sense isn’t common anymore.)
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To: cgbg

The trust fund federal securities could be sold for cash just like the Treasury bonds and notes already held by the American public and Chinese and Japanese governments can.


29 posted on 05/26/2023 6:50:19 AM PDT by Brian Griffin
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To: Brian Griffin

“The trust fund federal securities could be sold for cash”

That is exactly wrong.

They are non-marketable “securities”.

https://www.investopedia.com/ask/answers/110614/how-social-security-trust-fund-invested.asp

Key quote:

“Although the funds have held marketable securities in the past, they typically and currently own only special U.S. debt issued expressly for use by the trust funds.”

That means that .gov can only pay itself—nobody else.

The piece of paper I created that says “trust fund” works exactly the same way.


30 posted on 05/26/2023 7:22:42 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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