Godlike Productions - Conspiracy Forum
Users Online Now: 2,974 (Who's On?)Visitors Today: 2,299,296
Pageviews Today: 3,043,781Threads Today: 624Posts Today: 12,388
07:00 PM


Rate this Thread

Absolute BS Crap Reasonable Nice Amazing
 

Reid: No Social Security checks without debt deal

 
Anonymous Coward
User ID: 1464776
United States
07/14/2011 11:26 AM
Report Abusive Post
Report Copyright Violation
Reid: No Social Security checks without debt deal
Echoing President Barack Obama's warning, Senate Majority Leader Harry Reid says Social Security payments would stop if there is no deal to raise the government's borrowing limit by Aug. 2.

Speaking on the Senate floor, the Nevada Democrat said flatly that payments for veterans benefits and the military, as well as Social Security, would cease if the government defaults on its obligations

more [link to www.cnsnews.com]
NoSilence

User ID: 1440078
Mexico
07/14/2011 11:33 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Echoing President Barack Obama's warning, Senate Majority Leader Harry Reid says Social Security payments would stop if there is no deal to raise the government's borrowing limit by Aug. 2.

Speaking on the Senate floor, the Nevada Democrat said flatly that payments for veterans benefits and the military, as well as Social Security, would cease if the government defaults on its obligations

more [link to www.cnsnews.com]
 Quoting: Anonymous Coward 1464776


Sound like extortion to me... They should be handcuff and hauled off to Prison....
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."
Mark Twain
Anonymous Coward (OP)
User ID: 1464776
United States
07/14/2011 11:34 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Echoing President Barack Obama's warning, Senate Majority Leader Harry Reid says Social Security payments would stop if there is no deal to raise the government's borrowing limit by Aug. 2.

Speaking on the Senate floor, the Nevada Democrat said flatly that payments for veterans benefits and the military, as well as Social Security, would cease if the government defaults on its obligations

more [link to www.cnsnews.com]
 Quoting: Anonymous Coward 1464776


Sound like extortion to me... They should be handcuff and hauled off to Prison....
 Quoting: NoSilence


^^^^
That's exactly what it is and they are scaring the elderly it's shameful!
NoSilence

User ID: 1440078
Mexico
07/14/2011 11:36 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
5*
Pin this please..
Thanks OP...
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."
Mark Twain
Anonymous Coward
User ID: 1437659
United States
07/14/2011 11:38 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
HE should quit. He's the biggest waste of money and oxygen combined in the history of the earth. All the DC douchebags need to be cut. That would help.
NoSilence

User ID: 1440078
Mexico
07/14/2011 11:38 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Congratulations OP...
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."
Mark Twain
Anonymous Coward
User ID: 1310640
United States
07/14/2011 11:38 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
If we had a loyal military and honest police this wouldnt happen, but they all seem to think they only work for and are paid by Dear Leader
Anonymous Coward
User ID: 1282080
United States
07/14/2011 11:39 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
THESE FEARMONGERING TRAITORS NEED TO BE TRIED FOR TREASON!!!
Revbo™
Pook Snabber

User ID: 538751
United States
07/14/2011 11:39 AM

Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Aren't there a few hundred thousand bureaucrats we could fire before we cut off the old folks? Surely, somebody at the EPA or Dept of Ed is useless enough to get rid of before we starve grandma.
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
Always Looking

User ID: 1037013
United States
07/14/2011 11:41 AM

Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Maybe someone should ask him why they would stop if we all pay into the fund to make the payments?


Maybe we should stop paying all the foregin aid we doll out and start taking care of our own!!

But no one will ask the tough questions!!
NoSilence

User ID: 1440078
Mexico
07/14/2011 11:42 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Aren't there a few hundred thousand bureaucrats we could fire before we cut off the old folks? Surely, somebody at the EPA or Dept of Ed is useless enough to get rid of before we starve grandma.
 Quoting: Revbo™


You are so right.. There's allot to trim before you threaten the elderly..

This is so disgraceful...
"In the beginning of a change the patriot is a scarce man, and brave, and hated and scorned. When his cause succeeds, the timid join him, for then it costs nothing to be a patriot."
Mark Twain
Anonymous Coward
User ID: 905924
United States
07/14/2011 11:42 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Echoing President Barack Obama's warning, Senate Majority Leader Harry Reid says Social Security payments would stop if there is no deal to raise the government's borrowing limit by Aug. 2.

Speaking on the Senate floor, the Nevada Democrat said flatly that payments for veterans benefits and the military, as well as Social Security, would cease if the government defaults on its obligations

more [link to www.cnsnews.com]
 Quoting: Anonymous Coward 1464776


Sound like extortion to me... They should be handcuff and hauled off to Prison....
 Quoting: NoSilence


Yep. There's money in the coffers to cover those checks. They're just stomping their feet.
Safia

User ID: 1341264
United States
07/14/2011 11:42 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Spend yourselves blind and then rob from the elderly to pay for it all. Buncha jerks!
Anonymous Coward
User ID: 1427887
United States
07/14/2011 11:42 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Echoing President Barack Obama's warning, Senate Majority Leader Harry Reid says Social Security payments would stop if there is no deal to raise the government's borrowing limit by Aug. 2.

Speaking on the Senate floor, the Nevada Democrat said flatly that payments for veterans benefits and the military, as well as Social Security, would cease if the government defaults on its obligations

more [link to www.cnsnews.com]
 Quoting: Anonymous Coward 1464776


What a ficken circus! But keep on Bombing Libya!

Oh yes, and how about our embassies:

[link to www.usembassy.gov]

How about all of our military bases oversees?

[link to militarybases.com]

ANY politician who even SPEAKS about cutting social security to our old people before they cut spending on these types of things is a threat to our nation and should be arrested.
Anonymous Coward
User ID: 1467632
United States
07/14/2011 11:43 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Hmmm...does this include ex presidents and congessmen? Because it should. Cut secret service protection and these problems may handle themselves.
Anonymous Coward
User ID: 905924
United States
07/14/2011 11:43 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Maybe someone should ask him why they would stop if we all pay into the fund to make the payments?


Maybe we should stop paying all the foregin aid we doll out and start taking care of our own!!

But no one will ask the tough questions!!
 Quoting: Always Looking


I think we should stop paychecks to Congress, myself. Oh and travel expenses for them and their families too.
Anonymous Coward
User ID: 905924
United States
07/14/2011 11:43 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Spend yourselves blind and then rob from the elderly to pay for it all. Buncha jerks!
 Quoting: Safia


+1000
Anonymous Coward
User ID: 1467633
United States
07/14/2011 11:44 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Sounds like a simple statement of facts to me and despite the right wing fanatics who occupy this forum, the real people out here in the real world know exactly what is going on here. We all know that the end of Social Security and Medicare is the Republican dream and they're willing to destroy the country to realize their demented plans.
^Watcher^

User ID: 1448724
United States
07/14/2011 11:44 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
"Out of the mouths of two witnesses, let every truth be established." This indicates to me that they ARE indeed planning to do this! Both my parents and in-laws are living on their SS right now. Looks like I need to get the guest bedroom ready for visitors!
Anonymous Coward
User ID: 1424606
United States
07/14/2011 11:48 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
THESE FEARMONGERING TRAITORS NEED TO BE TRIED FOR TREASON!!!
 Quoting: Anonymous Coward 1282080



Mukk1234

User ID: 1359403
United States
07/14/2011 11:48 AM

Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
This is plain blackmail. These fucking criminals should be tared and feathered. Fucking commies......

Un-fucking-believeable
Anonymous Coward
User ID: 1030485
United States
07/14/2011 11:49 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Sounds like a simple statement of facts to me and despite the right wing fanatics who occupy this forum, the real people out here in the real world know exactly what is going on here. We all know that the end of Social Security and Medicare is the Republican dream and they're willing to destroy the country to realize their demented plans.
 Quoting: Anonymous Coward 1467633


The sad thing is you actually believe what you are saying.


Stupid Sheep. sheeplebah
SR37

User ID: 1463484
United States
07/14/2011 11:49 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Sounds like a simple statement of facts to me and despite the right wing fanatics who occupy this forum, the real people out here in the real world know exactly what is going on here. We all know that the end of Social Security and Medicare is the Republican dream and they're willing to destroy the country to realize their demented plans.
 Quoting: Anonymous Coward 1467633


You utter that statement and call Republicans demented?

Whatever dude. Sheesh.
AlasBabylon

User ID: 1458028
United States
07/14/2011 11:49 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
.


So... the SS checks stop...
yet workers are still forced
to pay FICA [SS] taxes ??


If this isn't an invitation
to a real tea party, I don't
know what is.





.
Anonymous Coward
User ID: 1419355
United States
07/14/2011 11:51 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
slaphim
Anonymous Coward
User ID: 1282080
United States
07/14/2011 11:51 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
If there is anyone i hate more than obama...it's reid.
Anonymous Coward
User ID: 968649
United States
07/14/2011 11:52 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Are there bigger scumbags in the history of scumbags than reid, pelosi and obama????????

I mean, I thought clinton was a sleaze.........
Anonymous Coward
User ID: 1446888
United States
07/14/2011 11:53 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Sounds like a simple statement of facts to me and despite the right wing fanatics who occupy this forum, the real people out here in the real world know exactly what is going on here. We all know that the end of Social Security and Medicare is the Republican dream and they're willing to destroy the country to realize their demented plans.
 Quoting: Anonymous Coward 1467633



You're either very evil and deceitful, or completely insane.

I'd bet money you're just evil.
Anonymous Coward
User ID: 1467630
United States
07/14/2011 11:54 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
The Social Security Act was signed into law in 1935 by FDR, the centerpiece of his New Deal Program. It was set up as a pay as you go program, where each year's FICA (Federal Insurance Contribution Act) taxes paid for that year's benefits. I.e. the program was not supposed to run a surplus.

That changed in 1983, when Alan Greenspan chaired a commission to address coming demographic problems in the program. Congress raised the FICA tax to 15.3% and the program started to run a surplus. That surplus amounts to over $2 trillion as of now.

However, under federal law, any program running a surplus had to invest it in government bonds. A special bond, the class E, is used for the Social Security surplus. All of the $2+ trillion has been spent and replaced by government IOU. I have been saying for years that the money is gone, and liberals and federal government lovers have been telling me I'm wrong. This proves it. The money is gone.

Baby boomers, you paid into SS at an elevate rate for most of your adult lives. You paid for your parents' benefits, and you prepaid for your own. You were stupid and you trusted government/politicians. They screwed you. You have nothing to show for all your hard work and high taxes except a $2 trillion IOU from some politicians.

Now let's all go out and lobby for more government, more taxes, more programs. Oh, and more politicians.
Anonymous Coward
User ID: 1288859
United States
07/14/2011 11:54 AM
Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
Maybe someone should ask him why they would stop if we all pay into the fund to make the payments?


Maybe we should stop paying all the foregin aid we doll out and start taking care of our own!!

But no one will ask the tough questions!!
 Quoting: Always Looking


Yes, yes and yes! Could'nt have said it better myself.


clappa
Latter-day Saint

User ID: 591662
United States
07/14/2011 11:55 AM

Report Abusive Post
Report Copyright Violation
Re: Reid: No Social Security checks without debt deal
[link to market-ticker.org]

To the peanut gallery that don't "get it": There is zero risk of Social Security and Medicare checks not going out if the debt ceiling is not raised for the next three years.

Got it? Zero.

How? Here's how:



That total debt number is the amount subject to the limit, more or less.

But the "Intragovernmental Holdings" is the amount that the Social Security and Medicare trust funds are "owed" by the general fund.

The Treasury can redeem those by selling new bonds into the market in a 1:1 ratio and if they do so they now have dollars in an exactly equal amount.

That's $4.6 trillion dollars.

News