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Thread: Obama says he cannot guarantee Social Security checks will go out on August 3

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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Sgt Meowenstein View Post
    Yes, Dems are willing to compromise.
    They're willing to a deficit reduction deal that does NOT include tax cuts?
    they;re willing to a deficit reduction deal that cuts SS and medicare?
    No, no they are not.
    And so, they are -not- willing to comprimise.

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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Meanwhile on the home front (for me at least, but I am sure every Congressman across the country is touting the same kind of thing in their own district)

    REYES announces $1.27 million federal grant funding for UTEP research

    U.S. Representative Silvestre Reyes

    I guess he didn't get the memo from The President about Social Security, Medicaid, Veterans Benefit cheks etc won't be cut on 8/3.
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Texmex View Post
    Republicans are such hypocrites! We've been in debt for years under both republican and democratic presidents. When Bush went on a spending spree, the same republican politicans were on board. Now, when it's President Obama, we cannot afford any more increases.
    Demo's under Obama are spending at a rate in the Trillions per year. This type of spending wasn't happening under GOP.

    j-mac
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Texmex View Post
    Republicans are such hypocrites! We've been in debt for years under both republican and democratic presidents. When Bush went on a spending spree, the same republican politicans were on board. Now, when it's President Obama, we cannot afford any more increases.
    When Bush did it, people didn't take as much notice. Unemployment was lower, housing wasn't a problem nor were defaults, people were working, and the anti-war crowd was taking up all the headlines and television news time protesting Bush everywhere he went. See... times changed. NOW we're technically out of a recession with 9.2% unemployment, a sputtering economy, failed stimulus spending, and Europe bracing for very hard times. THIS conservative wasn't on board when Bush was spending ... to your point, it's not any better when a (R) does it or when a (D) does it. We cannot afford more increases because this is now, and that was then. Then wasn't so bad... now is. See the whole "time" thing and how that works?
    I think if Thomas Jefferson were looking down, the author of the Bill of Rights, on whats being proposed here, hed agree with it. He would agree that the First Amendment cannot be absolute. - Chuck Schumer (D). Yet, Madison and Mason wrote the Bill of Rights, according to Sheila Jackson Lee, 400 years ago. Yup, it's a fact.


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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by donsutherland1 View Post
    Payments for Social Security come from payroll tax collections and liquidation of Treasury securities held by the Social Security Fund. Payroll tax revenue is not restricted to Social Security. The funds are treated as general revenue. Were the nation to fail to raise its debt ceiling, all revenue (including payroll tax revenue) would almost certainly be used to meet debt obligations ahead of everything else.
    I posted the following in the thread:

    Quote Originally Posted by Objective Voice
    I posted a link to a NYTimes article discussing the 5 Myths on the debt ceiling. However, that article didn't outline the consequences for everyday Americans if the debt ceiling isn't raised. But this white paper by Thirdway.org explains the very real, very potential consequences of doing nothing or delaying for even one 24-hour period (which incidentally also mirrors the warning given under myth #3). I think everyone should read this paper to get a real, no-politics understand of what's at stake.
    The first 2 paragraphs to the white paper under "What is Default?" clearly outlines the relationship between U.S. Treasury bonds and Social Security. Again, I urge posters to read it thoroughly!
    Last edited by Objective Voice; 07-12-11 at 07:18 PM.

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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by PzKfW IVe View Post
    They're willing to a deficit reduction deal that does NOT include tax cuts?
    they;re willing to a deficit reduction deal that cuts SS and medicare?
    No, no they are not.
    And so, they are -not- willing to comprimise.
    Never mind. You're clueless and hopeless. I'd be better off talking to a dining room table.


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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Sgt Meowenstein View Post
    Yes, Dems are willing to compromise. Perhaps you missed the 4 trillion in cuts Obama offered to the GOP's "we get everyting we want and you get nothing". Of course, I realize you didn't miss it. You just want to act like it's all the Dems' fault. Like the good little partisan hack that you are.
    I'm guessing they don't read, they just parrot beliefs in the hope somebody will actually perceive the idiocy as the God's Honest Truth.

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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by j-mac View Post
    Demo's under Obama are spending at a rate in the Trillions per year. This type of spending wasn't happening under GOP.

    j-mac
    There was a pretty good deal of spending. And the econmy just hitting the troublesome area. Bush also signed a bailout, and was ahnding out money. Much of Obama's first year Budget was effected by Bush's expenditures. There is little evidence republicans would have been much more thifty. They would have simply spent more on the wealthy and less on those in need.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Boo Radley View Post
    There was a pretty good deal of spending. And the econmy just hitting the troublesome area. Bush also signed a bailout, and was ahnding out money. Much of Obama's first year Budget was effected by Bush's expenditures. There is little evidence republicans would have been much more thifty. They would have simply spent more on the wealthy and less on those in need.
    You had my agreement up until that last pesky sentence
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by snilloctjc View Post
    You had my agreement up until that last pesky sentence
    I think it is accurate all the same. They would ahve given more tax cuts, and sought money that would go to business and wealthy. Both sides spend, but they don't always spend in the same areas.

    AUSTAN GOOLSBEE: I think the world vests too much power, certainly in the president, probably in Washington in general for its influence on the economy, because most all of the economy has nothing to do with the government.

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