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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 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.
    A pretty good deal, is not trillions per year. I didn't like tarp either. Obama made his own spending decisions, to continually blame it on Bush is quite juvenile. And this spending on those in need stuff, who's that? Unions?

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

    Mike Lee, Republican Senator from Utah - Going for the Jugular: President Obama Doesn't Have to Choose to Cut Social Security Benefits

    President Obama is now threatening to cut Social Security payments if the debt ceiling is not increased. Under the law, the President and Secretary Geithner have great discretion to direct funds in the case the debt ceiling is not raised, so Americans should take his threat seriously. Currently the United States borrows roughly $125 billion every month. Instead of cutting Social Security for Americaís seniors and disabled men, women, and children, as the President proposes, I have identified almost 20 line items in the budget he could trim instead.

    Leadership is about making tough choices. The President has failed to lead, which is why the country has racked up almost $4 trillion in additional debt since he took office. We donít have to default on our debt obligations. We donít have to cut Social Security. Instead, to my utter astonishment and dismay, President Obama has gone straight for the jugular. He went right for our senior citizens... right to our most vulnerable.
    His proposal:




    What do you think?
    My Principles - Please read them to understand my perspective and get an idea of what I truly believe, not just politically, but philosophically.

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

    The stimulus did a great deal of good, avoiding an almost certain depression. But we're just going to count that against him, apparently.

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

    Quote Originally Posted by BDBoop View Post
    The stimulus did a great deal of good, avoiding an almost certain depression. But we're just going to count that against him, apparently.
    Yeah it did a great deal of good.........

    Unemployment Rate Since Obama's Stimulus



    ......for without Obama's PORKULUS we would clearly be..............





    ....BETTER OFF. Even according to the Obama Administration.



    Feeding the parasite doesnt benefit the host organism........
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    Last edited by Badmutha; 07-14-11 at 12:32 AM.

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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
    A pretty good deal, is not trillions per year. I didn't like tarp either. Obama made his own spending decisions, to continually blame it on Bush is quite juvenile. And this spending on those in need stuff, who's that? Unions?

    J-mac
    You're not listening. You're stuck in a partisan repeat cycle that never allows you to actually hear what is being said. I repeat, there is little evidence republican would be much better. The problem cannot be solved but either republicans or democrats, but with us demanding a proper approach which will include cutting spending and raising taxes.

    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 GreatMisdirect View Post
    Mike Lee, Republican Senator from Utah - Going for the Jugular: President Obama Doesn't Have to Choose to Cut Social Security Benefits

    His proposal:




    What do you think?
    Looks like a pretty dishonest proposal from Senator Lee. The biggest line item on his list of things to cut is "unclassified" ($34 billion per month), which is another way of saying he hasn't actually come up with the cuts (unless he has cited them somewhere other than this chart). The second-biggest item is defense vendor payments ($32 billion per month). While I agree with Sen. Lee that this should be drastically scaled back, he knows perfectly well that there is virtually zero support for this in Congress. I mean, congresspeople scream bloody murder every time a commission tries to shut down military bases in their state or district...there is no way they're going to allow him to cut the funding for some of their biggest donors.

    The third-biggest item is education ($19 billion per month). While I think that it's a valid opinion that the federal government shouldn't be involved in education and reasonable people can disagree on that point, I think it's much less valid to believe that we can suddenly eliminate all of that spending without giving the states time to adjust...and in August, of all months, when the school year is just about to begin. Furthermore, the entire annual budget of the Department of Education is only $71 billion, so I don't know where he thinks he's going to find enough education money to save $19 billion per month.

    I stopped looking after those three items, because most of the other cuts he suggested were relatively small. I do find it very telling that all of his cuts come from the discretionary budget rather than entitlements, and that the one cut that I looked into was actually more than the total amount we spend on that item. To me this suggests that his proposal is merely a way to benefit politically (by trying to pose as the defender of social security) among people who don't know or care about budgetary details, rather than a serious proposal to balance the budget.
    Last edited by Kandahar; 07-14-11 at 02:18 AM.
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    a proper approach which will include cutting spending and raising taxes.
    I am a Republican, but leaning away from the far right of the party that doesn't seem to want to face reality (much like the far left of the Democratic party).

    I agree with you: we MUST cut spending, because Congress and the federal government are out of control and it's unsustainable. But we also HAVE to increase taxes a bit, but not just on the wealthy--that's where Obama's approach is all wrong. Taxes need to go up a couple percent ON EVERYBODY, not just on the top 1% or 2% of income earners. No one (no rational person, anyway) is suggesting that we go back to 70% or 90% rates on the highest marginal tax brackets. But it is clear that revenues have been too low, and expenditures--wars, bailouts, pensions, redundant programs, etc.--have been too high.

    I think the only way we're going to get out of this mess is if enough rank and file Republicans (like me) speak up and say, "I'm okay with paying a bit more in taxes--IF you rein in spending" and if enough rank and file Democrats say "We can't fund the entire government by taxing the rich; we all have to chip in, and we're going to have to make some sacrifices."
    Be in general virtuous, and you will be happy. -- Benjamin Franklin

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

    Quote Originally Posted by Sensibility View Post
    I am a Republican, but leaning away from the far right of the party that doesn't seem to want to face reality (much like the far left of the Democratic party).

    I agree with you: we MUST cut spending, because Congress and the federal government are out of control and it's unsustainable. But we also HAVE to increase taxes a bit, but not just on the wealthy--that's where Obama's approach is all wrong. Taxes need to go up a couple percent ON EVERYBODY, not just on the top 1% or 2% of income earners. No one (no rational person, anyway) is suggesting that we go back to 70% or 90% rates on the highest marginal tax brackets. But it is clear that revenues have been too low, and expenditures--wars, bailouts, pensions, redundant programs, etc.--have been too high.

    I think the only way we're going to get out of this mess is if enough rank and file Republicans (like me) speak up and say, "I'm okay with paying a bit more in taxes--IF you rein in spending" and if enough rank and file Democrats say "We can't fund the entire government by taxing the rich; we all have to chip in, and we're going to have to make some sacrifices."
    A targetted tax increase would be more effective. The few percentage points back to pre Bush tax cuts would have hardly been noticed by those targetted, and would have provided a good boost in revenue.

    Now, I also agree we need cuts, and in the big three. But that is a ripe battle ground. One where good men from both parties have to cut most while doing the least harm. Means testing needs to be part of it, but so does real healthcare reform. One in which our leaders tackle the issue without the demonizing from either side. Good republcians don't want to kill granny, and good democrats are not proposing death panels. And comments of fascism and socialism / communism should stop on all sides.
    Last edited by Boo Radley; 07-14-11 at 02:50 AM.

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

    Quote Originally Posted by BDBoop View Post
    The stimulus did a great deal of good, avoiding an almost certain depression. But we're just going to count that against him, apparently.
    No, it did not do any good whatsoever. There was no "almost certain depression" and in fact unemployment rose. And yes, this, among other errors in truth and in fact, should be held against him.

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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
    Good republcians don't want to kill granny
    Unless she really deserves it.
    Be in general virtuous, and you will be happy. -- Benjamin Franklin

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