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

  1. #21
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by GoVote2012 View Post
    They are going to keep America hostage the next two weeks until we throw away our poor to help our rich so our bills get paid. How sickening.
    Yep. Ain't it great?
    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: August 1, 2011

    BS.

    Social security payments and the debt ceiling have nothing to do with each other.

    Minnesota shut it government down weeks ago. Has it imploded yet?

  3. #23
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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
    This situation is not happening, yet. It still is not the most likely scenario. The President merely answered a question concerning what is still a hypothetical outcome.
    Haven't I read that the president doesn't need congress to raise the debt ceiling ? (though I'm sure no one wants it to come to that, especially him)

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

    Quote Originally Posted by Ockham View Post
    Yep. Ain't it great?
    Not really, it's mostly government not serving its purpose anymore. Bad government. But this is what you get when you vote for the lesser of two evils, you get evil.
    You know the time is right to take control, we gotta take offense against the status quo

    Quote Originally Posted by A. de Tocqueville
    "I should have loved freedom, I believe, at all times, but in the time in which we live I am ready to worship it."

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

    Quote Originally Posted by GoVote2012 View Post
    Haven't I read that the president doesn't need congress to raise the debt ceiling ? (though I'm sure no one wants it to come to that, especially him)
    The question concerned whether some language in the 14th Amendment provided such authority. Most legal scholars I've seen quoted suggest that the 14th amendment's language only makes a case that debt payments would have priority over other expenditures.

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

    This is another Obama lie. Scaring old folks and cripples is not beneath Mr Obama, but would be beneath a President.
    Quote Originally Posted by donsutherland1 View Post
    With the Treasury having to deal with 3- and 10-year Notes and 30-Year Treasury bonds on August 3, questions about how many creditors will not want to roll over their positions, and questions about daily cash inflows and the overall cash position, I don't believe any guarantees can be made should the nation fail to raise its debt ceiling. Almost certainly, debt-related payments would take precedence over everything else, including Social Security payment, payment of troops' salaries, Medicare payments, etc.

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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
    The funds are treated as general revenue.
    and there ya go

    let president riverboat try to explain THAT to the american senior

    a bluff this bold begs calling, the prez is a rotten poker player

    he is absolutely destroying his chances of making a deal, he is providing too much political payoff to those who OPPOSE

    the dude is completely alien to american politics and how it is played, it's like he was brought up somewhere else or something

    really, really weird

    party on, progressives

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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
    The President merely answered a question concerning what is still a hypothetical outcome.
    merely answered a question concerning a hypothetical?

    oh, please

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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.
    If they want riots in the streets....literally.....then go ahead. Pure scare tactics.

    People paid this money in so it would be held for them when they retire. Now, we know the government lied, which is why it is patently stupid to raise taxes and give them more money to mishandle, but that was the veiled promise.

    Again, you want to see a true revolution in the streets, then go ahead. There'll be government officials hanging from trees if they do.

    Scare tactics like this are especially dangerous in the age of the internet.

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

    Quote Originally Posted by GoVote2012 View Post
    Haven't I read that the president doesn't need congress to raise the debt ceiling ? (though I'm sure no one wants it to come to that, especially him)
    Well havent you seen.......The Kenyan Tyrant doesnt need Congress or The Constitution to do a lot of the things he has done.........

    ......isnt Tyranny great.........
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