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Reid: No Social Security checks without debt deal

 
Anonymous Coward
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07/14/2011 11:55 AM
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Re: Reid: No Social Security checks without debt deal
My Grandma is pissed. She's got her wheel chair and shot gun ready.
Anonymous Coward
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07/14/2011 11:58 AM
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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™


^^^THIS!!!
Anonymous Coward
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07/14/2011 11:58 AM
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Re: Reid: No Social Security checks without debt deal
They'll have plenty of money to pay the interest on the debt (no default) and to mail out SS checks. If it doesn't get paid, it's because they chose not to.

---

Bipartisan Policy Center: U.S. Won't Default on Debt If Congress Fails to Raise Debt Ceiling
But drastic and immediate cuts would occur.

With under a month left until the U.S. hits its statutory limit to borrow more money, Republicans and Democrats continue to disagree about what exactly would happen if Congress and the president fail to reach an agreement that raises the debt ceiling.

"Failure to raise the limit would precipitate a default by the United States," wrote Treasury Secretary Timothy Geithner earlier this year. No, that's not true, say Republicans. There's enough federal revenue to pay the interest on the debt as well as fund the troops and entitlement programs.

According to a study by the Bipartisan Policy Center (BPC), Treasury could indeed avoid a debt default by prioritizing payments, but failure to raise the debt ceiling would mean deep and immediate cuts.

[excerpt]

The BPC study found that the United States is likely to hit the debt limit sometime between August 2 and August 9. “It’s a 44 percent overnight cut in federal spending” if Congress hits the debt limit, Powell said. The BPC study projects there will be $172 billion in federal revenues in August and $307 billion in authorized expenditures. That means there's enough money to pay for, say, interest on the debt ($29 billion), Social Security ($49.2 billion), Medicare and Medicaid ($50 billion), active duty troop pay ($2.9 billion), veterans affairs programs ($2.9 billion).

That leaves you with about $39 billion to fund (or not fund) the following:

Defense vendors ($31.7 billion)

IRS refunds ($3.9 billion)

Food stamps and welfare ($9.3 billion)

Unemployment insurance benefits ($12.8 billion)

Department of Education ($20.2 billion)

Housing and Urban Development ($6.7 billion)

Other spending, such as Departmens of Justice, Labor, Commerce, EPA, HHS ($73.6 billion)

[link to www.weeklystandard.com]
Anonymous Coward
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07/14/2011 11:58 AM
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Re: Reid: No Social Security checks without debt deal
Do any of you have the faintest idea of what's going on here? Do you care?

The republicans refuse to even participate in a discussion which mentions anything resembling a sacrifice, no matter how tiny from the uber wealthy and monstrous corporations such as a modest tax on CORPORATE JETS! They demand that cutting Social Security and Medicare is where the sacrifices must come from.

You can lie all you want (and apparently you want to lie a lot) but this is the simple truth of the matter.
Anonymous Coward
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07/14/2011 11:59 AM
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Re: Reid: No Social Security checks without debt deal
do they really think we are that stupid???

They can cut the budget, they just do not want to.

They have been overspending since 2000 and are spoiled brats...

and they do not have to cut social programs.... they can cut foriegn spending and pet projects!! and defense!
Wake Up
Let Me Off This Crazy Ride!!

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07/14/2011 11:59 AM

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Re: Reid: No Social Security checks without debt deal
How about stop all the illegal wars then we would have plenty of money. GANGSTER MURDERING CROOKS!!!!!

Total Cost of Wars Since 2001
$1,220,644,960,092

Cost of War in Iraq
$787,108,497,716

Cost of War in Afghanistan
$433,536,462,375

ohappy
Corona
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07/14/2011 12:00 PM
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Re: Reid: No Social Security checks without debt deal
I have worked since the age of 15. I am now 62 on SSI. Have lived in the same home for 17 years. Now I have my daughter and grand daughter living with me to help me pay the mortgage so we don't lose the family home. Daughter is a waitress with no child support or welfare or other benefits.

So, if the world doesn't end we can all look forward to homelessness, starvation, illness, more unemployment and more crime. Not much to live for.

There are many who are worse off than we are. Just imagine what wonderful things in life they can look forward to.

Giant bank bailouts with no required payback or accountability, TSA, government fraud, unending war, outsourcing our jobs and businesses, importing illegal aliens to rape our country and burden our welfare, medical and educational systems, opening our borders to all, including terrorists and drug cartels...these are the gifts of our mighty government in the name of political correction. OUR MONEY, OUR FREEDOM, OUR COUNTRY destroyed by our government.bump5abump
Anonymous Coward
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07/14/2011 12:02 PM
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Re: Reid: No Social Security checks without debt deal
THESE FEARMONGERING TRAITORS NEED TO BE TRIED FOR TREASON!!!
 Quoting: Anonymous Coward 1282080


+1 what he said
Anonymous Coward
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07/14/2011 12:02 PM
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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.





.
 Quoting: AlasBabylon


Hey, that's TRUE!

If they stop the checks, they better damn well stop taking it out of my paycheck too!

That will be problematic for them...especially since they've been robbing the system for other crap for so long.
Anonymous Coward
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07/14/2011 12:02 PM
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Re: Reid: No Social Security checks without debt deal
I figured this traitorous scumbag would chime in on this issue sooner or later.

F*ck him!
Jane SmithModerator
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07/14/2011 12:02 PM

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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™


^^^^^^ That, and ..........

as long as payroll taxes are taken from our checks, they have the money to pay our elderly the Soc Sec they have earned. We are also still paying Fed taxes that will cover other necessary expenses.

Not raising the debt ceiling will force these bozos to live within the means of this country. Guess they may just have to cancel some of their pet projects, get rid of useless agencies & reform the entitlements that have just become an ever increasing, insatiable monster creting an underclass of people who otherwise could have made lives for themselves.

It is sadistic & evil to threaten our elders this way. I wonder how many 85-90 year old Grannys out there are terrified out of their wits by this posturing because they do not understand that the younger people are still working to cover their Soc Sec? Makes me ill!
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
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07/14/2011 12:03 PM
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Re: Reid: No Social Security checks without debt deal
ochange
Anonymous Coward
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07/14/2011 12:04 PM
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Re: Reid: No Social Security checks without debt deal
Do any of you have the faintest idea of what's going on here? Do you care?

The republicans refuse to even participate in a discussion which mentions anything resembling a sacrifice, no matter how tiny from the uber wealthy and monstrous corporations such as a modest tax on CORPORATE JETS! They demand that cutting Social Security and Medicare is where the sacrifices must come from.

You can lie all you want (and apparently you want to lie a lot) but this is the simple truth of the matter.
 Quoting: Anonymous Coward 1467633


The Republicans have not demanded or even suggested that Social Security be cut. That came out of OBAMMY's mouth.


CUT THE BUDGET.

LEAVE THE TAXES ALONE.
murat
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07/14/2011 12:04 PM
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Re: Reid: No Social Security checks without debt deal
The DC metro area will be a mad house if this happens. Keep a camera ready so you can tell your grandchildren about the day you saw the squirel go berrzerk.
Anonymous Coward
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07/14/2011 12:05 PM
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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


They gotta know we're onto them.
Anonymous Coward
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07/14/2011 12:05 PM
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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™


^^^^^^ That, and ..........

as long as payroll taxes are taken from our checks, they have the money to pay our elderly the Soc Sec they have earned. We are also still paying Fed taxes that will cover other necessary expenses.

Not raising the debt ceiling will force these bozos to live within the means of this country. Guess they may just have to cancel some of their pet projects, get rid of useless agencies & reform the entitlements that have just become an ever increasing, insatiable monster creting an underclass of people who otherwise could have made lives for themselves.

It is sadistic & evil to threaten our elders this way. I wonder how many 85-90 year old Grannys out there are terrified out of their wits by this posturing because they do not understand that the younger people are still working to cover their Soc Sec? Makes me ill!
 Quoting: Jane Smith


+1000
Anonymous Coward
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07/14/2011 12:05 PM
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Re: Reid: No Social Security checks without debt deal
How about stop all the illegal wars then we would have plenty of money. GANGSTER MURDERING CROOKS!!!!!

Total Cost of Wars Since 2001
$1,220,644,960,092

Cost of War in Iraq
$787,108,497,716

Cost of War in Afghanistan
$433,536,462,375

ohappy
 Quoting: Wake Up


Not to mention:

$ Lost by the Pentagon:
2,000,000,000,000

$ Lost by the Federal Reserve:
9,000,000,000,000
Magstar

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07/14/2011 12:06 PM
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Re: Reid: No Social Security checks without debt deal
Just WAIT till Obamacare is held over everyone's heads like a chess piece in a few years - not ONLY will they use SS and Medicare, but you won't get your meds or surgery or treatment on top of it.

CONSIDERING SS & Medicare are supposed to be held in some sort of "lock box" (just like the gold in Ft. Knox <cough, cough>) there should be no issue about these payments being made.
Anonymous Coward
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07/14/2011 12:06 PM
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Re: Reid: No Social Security checks without debt deal
useless piece of shit

and those who vote for him
Anonymous Coward
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07/14/2011 12:06 PM
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Re: Reid: No Social Security checks without debt deal
Hey no problem! Quit taking Social Security out of our paychecks and my family will take care of our own elderly.

Great idea.


OH YEA! That's what we USED to do when we were truly a compassionate and caring people!
Anonymous Coward
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07/14/2011 12:07 PM
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Re: Reid: No Social Security checks without debt deal
Just WAIT till Obamacare is held over everyone's heads like a chess piece in a few years - not ONLY will they use SS and Medicare, but you won't get your meds or surgery or treatment on top of it.

CONSIDERING SS & Medicare are supposed to be held in some sort of "lock box" (just like the gold in Ft. Knox <cough, cough>) there should be no issue about these payments being made.
 Quoting: Magstar


clappa
Always Looking

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07/14/2011 12:08 PM

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Re: Reid: No Social Security checks without debt deal
How about stop all the illegal wars then we would have plenty of money. GANGSTER MURDERING CROOKS!!!!!

Total Cost of Wars Since 2001
$1,220,644,960,092

Cost of War in Iraq
$787,108,497,716

Cost of War in Afghanistan
$433,536,462,375

ohappy
 Quoting: Wake Up


This says it all^
Anonymous Coward
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07/14/2011 12:08 PM
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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


this is going to backfire on these bastards. watch and see
murat
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07/14/2011 12:08 PM
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Re: Reid: No Social Security checks without debt deal
I 2nd that! They can just shut it off then stop taking it out of our checks. Sounds fair to me peeps! Shut it off and leave it off!!!
Anonymous Coward
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07/14/2011 12:09 PM
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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.
 Quoting: Latter-day Saint


No one will buy are bonds if we default. That makes the bonds = $0, nothing, nada.
Anonymous Coward
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07/14/2011 12:09 PM
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Re: Reid: No Social Security checks without debt deal
useless piece of shit

and those who vote for him
 Quoting: Anonymous Coward 1467429


the fucking unions got him elected. fuck the unions
Anonymous Coward
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07/14/2011 12:10 PM
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Re: Reid: No Social Security checks without debt deal
They'll have plenty of money to pay the interest on the debt (no default) and to mail out SS checks. If it doesn't get paid, it's because they chose not to.

---

Bipartisan Policy Center: U.S. Won't Default on Debt If Congress Fails to Raise Debt Ceiling
But drastic and immediate cuts would occur.

With under a month left until the U.S. hits its statutory limit to borrow more money, Republicans and Democrats continue to disagree about what exactly would happen if Congress and the president fail to reach an agreement that raises the debt ceiling.

"Failure to raise the limit would precipitate a default by the United States," wrote Treasury Secretary Timothy Geithner earlier this year. No, that's not true, say Republicans. There's enough federal revenue to pay the interest on the debt as well as fund the troops and entitlement programs.

According to a study by the Bipartisan Policy Center (BPC), Treasury could indeed avoid a debt default by prioritizing payments, but failure to raise the debt ceiling would mean deep and immediate cuts.

[excerpt]

The BPC study found that the United States is likely to hit the debt limit sometime between August 2 and August 9. “It’s a 44 percent overnight cut in federal spending” if Congress hits the debt limit, Powell said. The BPC study projects there will be $172 billion in federal revenues in August and $307 billion in authorized expenditures. That means there's enough money to pay for, say, interest on the debt ($29 billion), Social Security ($49.2 billion), Medicare and Medicaid ($50 billion), active duty troop pay ($2.9 billion), veterans affairs programs ($2.9 billion).

That leaves you with about $39 billion to fund (or not fund) the following:

Defense vendors ($31.7 billion)

IRS refunds ($3.9 billion)

Food stamps and welfare ($9.3 billion)

Unemployment insurance benefits ($12.8 billion)

Department of Education ($20.2 billion)

Housing and Urban Development ($6.7 billion)

Other spending, such as Departmens of Justice, Labor, Commerce, EPA, HHS ($73.6 billion)

[link to www.weeklystandard.com]
 Quoting: Anonymous Coward 546759


Yes, why aren't they saying these things are in jeapardy?
Anonymous Coward
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07/14/2011 12:10 PM
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Re: Reid: No Social Security checks without debt deal
How about stop all the illegal wars then we would have plenty of money. GANGSTER MURDERING CROOKS!!!!!

Total Cost of Wars Since 2001
$1,220,644,960,092

Cost of War in Iraq
$787,108,497,716

Cost of War in Afghanistan
$433,536,462,375

ohappy
 Quoting: Wake Up


Foreign aid 25 billion/year:

[link to wiki.answers.com]

And that's just the part we know about. God only knows what the FED RESERVE is doing with our money. Of course we're not allowed to see that.

Well at least we DO know that they "can't account" for 8 trillion of it.

But not a penny to Granny, even when she paid into it her whole life.

Look at this:

[link to www.foxnews.com]

Now after viewing that, can anyone here tell me that they should be raising taxes to pay for this shit!!!!!!
Jane SmithModerator
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07/14/2011 12:10 PM

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Re: Reid: No Social Security checks without debt deal
Hey no problem! Quit taking Social Security out of our paychecks and my family will take care of our own elderly.

Great idea.


OH YEA! That's what we USED to do when we were truly a compassionate and caring people!
 Quoting: Anonymous Coward 905924


I will second that!
Life is karma and karma always reflects both past and present circumstance. Our time here is short, so choose carefully and behave well, for all of your tomorrows are presently being decided.

"Don't die on a small cross..." Saddletramp's Mom

"A fool thinks himself to be wise, but a wise man knows himself to be a fool."
-- William Shakespeare, born April 23, 1564.

Killer Bunny mockingjay
Anonymous Coward
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07/14/2011 12:13 PM
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Re: Reid: No Social Security checks without debt deal
Reid now included:
>> People Will Have Strokes & Heart Attacks Over This<< When The Nightly News Airs
Thread: >> People Will Have Strokes & Heart Attacks Over This<< When The Nighly News Airs


Washington gets $200 billion a month, Social Security costs $50 billion a month, and Obama is threatening to starve Grandma?

Thread: Washington gets $200 billion a month, Social Security costs $50 billion a month, and Obama is threatening to starve Grandma? .

News