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

Sheik Yerbuti said:
Seems Obama was correct ...
Default could 'sink the whole boat'

The first major hurdle comes on Aug. 3, when the U.S. government is scheduled to pay $23 billion in benefits to Social Security recipients. Only $12 billion in revenue is expected that day, leaving the Treasury $11 billion short — and $20 billion in the red when other scheduled payments for that day are taken into account.

Obama said in an interview with CBS News last week that he couldn’t guarantee Social Security payments will go out, a statement that could send retirees and disability recipients into a panic.

“I’d say it’s at risk,” said Jay Powell, a former senior Treasury Department official now with the Bipartisan Policy Center. “The president’s statement is correct on its face. He said he can’t guarantee those payments will be made. Even if you pay nothing other than interest, you can’t guarantee it.”​
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There is something I don't understand here. My disability check shows up on the first like a Swiss clock.
 
BDBoop said:
Somebody, please email the above info to Michele Bachmann.
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Please. Bachmann already knows it. But she'll say anything that she believes may hurt Obama with the public. I recall her falsely accusing him of spending $200 million dollars a day to travel to India.
 
Grant said:
It's not at risk. They have the money. You are being lied to.

Don't you get that yet?
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Well a former senior Treasury Department official says it it. How do you know better than him?
 
BDBoop said:
August isn't here yet.
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I know, but July 1st my check shows up and every other mnth before that it has always shown up on the 1st never the 3rd.
 
winston53660 said:
I know, but July 1st my check shows up and every other mnth before that it has always shown up on the 1st never the 3rd.
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Okay .... not sure where you're going with this. It always used to be the 3rd, like every time I talked to someone on SSI or SSD, when I was a bill collector. But now it's the 1st? Alrighty then.
 
Sheik Yerbuti said:
Well a former senior Treasury Department official says it it. How do you know better than him?
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Because others, including Democrats themselves, have said that Social Security checks will be there.

And we all know that the President of the United States is a liar. I don't think anyone seriously disputes that anymore.
 
1Perry said:
And yet again....we are told over and over that S.S. is a seperate entity fully funded. A fully funded program should have no problem paying out. Or maybe they are not being truthful somewhere?
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It's seperate from the budget but it is still funded with federal revenue. During the late '90s we had several consecutive years with a balanced budget, yet the debt still grew. The reason for that was social security outlays. So while the money comes from federal revenue for social security, if there is a shortfall, the government has to borrow the money from the Treasury in order to make the payments. If the Treasury won't lend the government the funds because the debt ceiling is breached, seniors are at risk at not collecting their full SS checks.
 
Grant said:
And we all know that the President of the United States is a liar. I don't think anyone seriously disputes that anymore.
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Which presidents haven't lied? Seems to me that it's part and parcel with the job.
 
BDBoop said:
Okay .... not sure where you're going with this. It always used to be the 3rd, like every time I talked to someone on SSI or SSD, when I was a bill collector. But now it's the 1st? Alrighty then.
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I'm not really going anywhere. I was just wondering because it always does show up on the 1st.
 
winston53660 said:
I'm not really going anywhere. I was just wondering because it always does show up on the 1st.
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It is passing strange. I wonder if some get paid the 1st, some the 2nd, some the 3rd - and the ones on the 3rd are screwed.
 
Social Security doesn't need the government, apparently.

After all, if Social Security tax receipts don't cover all the checks in any month, the Social Security Trust Fund can sell its government bonds, bills and notes, as Sen. Jim DeMint (R., S.C), recently suggested. The holdings are enormous, and sales, even at a discount, could cover the system's needs for years, much less the time to finish budget parlaying.

So, if the checks stop coming, it will be the president who decided to stop them. That's not a hard message to get across.
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Clark Judge: The Debt Battle Is Good for the GOP - WSJ.com
 
Sheik Yerbuti said:
Which presidents haven't lied? Seems to me that it's part and parcel with the job.
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Is this intended to be a defense of Barrack Obama? That all Presidents lie? If so, and lying politicians are never confronted with their lies, then certainly we will all get the governments we deserve.

But what is interesting is the lengths people will go to defend these lies, simply because they want to believe. In fact they appear desperate to believe, and will suspend whatever questions they might normally have of someone wanting to sell them something, a used car as the useful example, in order to continue with their beliefs. Even when that used car is billowing blue smoke out its rear and making noises they have learned to ignore, they will still defend their choice of vehicle. That with a few minor tune-ups it will run just fine.

This is politics as theater. People are willing to ignore reality in order to support those who've they chosen as their heroes. believing somehow that these heroes will eventually triumph over the dark forces which oppose them, with the happy ending somehow justifying the illegal and immoral means in getting there.

Lies are okay because they all do it and, besides, the lies of my hero are for the common good.
 
BDBoop said:
It is passing strange. I wonder if some get paid the 1st, some the 2nd, some the 3rd - and the ones on the 3rd are screwed.
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Perhaps the Postal Workers Union can look into the problem.
 
Grant said:
Of course this latest 'crisis' would be good for the GOP, or any other political party which might behave as adults.

What people don't seem to be asking themselves is "What is best for America?"
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What's your definition of adult behavior? I ask because I think it would take a very skewed definition to see any adults here. :coffeepap
 
Boo Radley said:
What's your definition of adult behavior?
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a person could go on for hours on that one, huh?

a real short answer: andrew cuomo

the ny gub has certainly demonstrated that rare kind of leadership america certainly craves these days

i am aware of others who do a great deal of thinking who prefer misters bing and bobb in detroit and the choices they are making

good question, i hope you get some uplifting answers
 
Boo Radley said:
What's your definition of adult behavior? I ask because I think it would take a very skewed definition to see any adults here. :coffeepap
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Liberals are consistently uncertain about adult behavior, Boo, which is why they have to ask this question.

One of the first responsibilities of an adult, under the parameters of this discussion anyway, is to live within your means. This is something that was taught to all children in order that they could behave responsibly when they grew up. I guess many of the last generation, or those families where no father was present (as in the case of you-know-who) never really taught or learned this lesson.
 
Grant said:
Liberals are consistently uncertain about adult behavior, Boo, which is why they have to ask this question.

One of the first responsibilities of an adult, under the parameters of this discussion anyway, is to live within your means. This is something that was taught to all children in order that they could behave responsibly when they grew up. I guess many of the last generation, or those families where no father was present (as in the case of you-know-who) never really taught or learned this lesson.
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It is also adult to pay your bills, even when you run them up irresponsibly. This is the definition of taking responsibility for your actions.

I'm sorry, but I think you're a little selective as to where you apply your definition. :coffeepap
 
Boo Radley said:
It is also adult to pay your bills, even when you run them up irresponsibly. This is the definition of taking responsibility for your actions.

I'm sorry, but I think you're a little selective as to where you apply your definition. :coffeepap
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The bills cannot be paid. More money is being borrowed in order to try and make payments on the interest on the debts owing. In fact the government is borrowing from itself. It is now being suggested that, despite this irrational and continuous foolish spending, the public, or at least the more responsible members of the public, finance it.

This has gone past being irresponsible and is now on the edge of insanity.
 
Misterveritis said:
I like this article. It is full of great advice for the soft and squishy part of the Republican party. This is a great fight to be in. We need to take advantage of it to wrest power from the one term Marxist president Nobama. If we win the nation wins. If the Marxist wins the nation fails.
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That about sums it up.

But even if the American people do vote in a responsible government in the next election, and I have confidence that they will, it will mean a truly difficult time for whoever the leadership might be. They will have to make the hard decisions, in the face of the media and the irresponsible leftists, to make the country right again.

Right now I don't see anyone specific emerging but the American people have always seemed to get lucky at the right time in the past, and I hope like hell they can do the same again.
 
Boo Radley said:
It is also adult to pay your bills
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tell it to dave bing and robert bobb in detroit

they're unilaterally shredding contracts, outlawing collective bargaining via michigan martial law, demanding new agreements, firing those who don't cooperate, pink slipping entire school districts...

Boo Radley said:
Personally I prefer Detroit's choice to Milwaukee's
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think much?
 
Grant said:
The bills cannot be paid. More money is being borrowed in order to try and make payments on the interest on the debts owing. In fact the government is borrowing from itself. It is now being suggested that, despite this irrational and continuous foolish spending, the public, or at least the more responsible members of the public, finance it.

This has gone past being irresponsible and is now on the edge of insanity.
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Even if you borrow to pay, you're still honoring your obligation. That said, cut spending and increase taxes (revenue) is the adult response. I don't see anyone doing this.
 
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