Post by 04Thirteen on Jul 13, 2011 5:30:57 GMT -7
news.yahoo.com/blogs/ticket/obama-cannot-guarantee-benefits-checks-paid-debt-deal-183025203.html
"Roughly $20 billion in Social Security checks are set to be mailed out on Aug. 3--a day after the Treasury Department says the U.S. will begin defaulting on its financial obligations unless the debt ceiling is raised."
So our debt hits the ceiling on the 2'nd of August?? I wonder why? Don't you? Did you catch that: Defaulting - Financial - Obligations.
---When is it not okay to pay people what they are due? What if your boss didn't pay you? What if you didn't pay your power or your rent? Can you get away with not paying at a grocery store?? What if you decided not to pay people what you are obligated to? What would happen to you?
"On Tuesday, Senate GOP leader Mitch McConnell said he believes it's unlikely a deal to fix to the nation's deficit problems will be reached until Obama leaves office because the administration has expressed a "fundamental unwillingness" to agree to major spending cuts."
--Sure, this administration is not the only one to blame but when its already high and we keep authorizing the spending of more and more and not making spending cuts? And now we won't have the money to for disabled, veterans and elderly?
Why? Will they be using it on something else instead? Oh, we ran out? Like I said, what would happen if you ran out of money and didn't meet your obligations?
And what does the President have to say about it:
"I cannot guarantee that those checks go out on Aug. 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it,"
and this:
"These are veterans' checks. These are folks on disability," Obama said, according to excerpts released by CBS News. "There are about 70 million checks that go out."
Gee, who would have seen this coming?
I honestly - unfortunately - am not surprised.
"Roughly $20 billion in Social Security checks are set to be mailed out on Aug. 3--a day after the Treasury Department says the U.S. will begin defaulting on its financial obligations unless the debt ceiling is raised."
So our debt hits the ceiling on the 2'nd of August?? I wonder why? Don't you? Did you catch that: Defaulting - Financial - Obligations.
---When is it not okay to pay people what they are due? What if your boss didn't pay you? What if you didn't pay your power or your rent? Can you get away with not paying at a grocery store?? What if you decided not to pay people what you are obligated to? What would happen to you?
"On Tuesday, Senate GOP leader Mitch McConnell said he believes it's unlikely a deal to fix to the nation's deficit problems will be reached until Obama leaves office because the administration has expressed a "fundamental unwillingness" to agree to major spending cuts."
--Sure, this administration is not the only one to blame but when its already high and we keep authorizing the spending of more and more and not making spending cuts? And now we won't have the money to for disabled, veterans and elderly?
Why? Will they be using it on something else instead? Oh, we ran out? Like I said, what would happen if you ran out of money and didn't meet your obligations?
And what does the President have to say about it:
"I cannot guarantee that those checks go out on Aug. 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it,"
and this:
"These are veterans' checks. These are folks on disability," Obama said, according to excerpts released by CBS News. "There are about 70 million checks that go out."
Gee, who would have seen this coming?
I honestly - unfortunately - am not surprised.