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Seniors may stop receiving Social Security checks if a debt deal is not reached

Good - maybe the money could go to something more important; like old rich people.

BTW; social security is a form of socialism. If you asshats REALLY want to stomp out socialism, go after one of the very 1st forms of it.
 
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Not reaching a deal means that Obama gets to choose which bills get paid and which ones don't. Guess which ones won't get paid.
 
JEDI said:
http://www.cnn.com/2011/POLITICS/07/12/debt.talks/index.html?hpt=hp_t1

+1 for Obama

GOP leaders refuse to yield on their opposition to tax hikes in any deal to raise the debt ceiling.


now this should get the repubs on a less hardline stance
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This is what Republicans are demanding, that debt payments on bonds be prioritized over spending. This is actually a very shrewd political move. People associate Republicans with wanting to gut Social Security, so they will get blamed and hammered for this. This is going to make NY-26 look like peanuts. The "government hands off my Medicare" contingent of the teabaggers is going to be raging.
 
her209 said:
Not reaching a deal means that Obama gets to choose which bills get paid and which ones don't. Guess which ones won't get paid.
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So Obama is going to choose not pay SS checks?

If a default on the debt is so bad, why not just prioritize though payments over things that are less important?
 
senseamp said:
This is what Republicans are demanding, that debt payments on bonds be prioritized over spending. This is actually a very shrewd political move. People associate Republicans with wanting to gut Social Security, so they will get blamed and hammered for this. This is going to make NY-26 look like peanuts. The "government hands off my Medicare" contingent of the teabaggers is going to be raging.
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If they lose seats, so be it. They need to stand fast against spending and taxes, else they might as well not even bother running and just let Democrats spend whatever they want. There's no reason to exist for a party whose platform is "we're going to spend just a tiny bit less than those other guys."
 
JSt0rm said:
but they dont spend a tiny bit less. History shows they spend many times the amount that dems spend.
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Only when a republican is in the white house. When it is Dem president and GOP congress it works great, see the Clinton years.
 
JSt0rm said:
but they dont spend a tiny bit less. History shows they spend many times the amount that dems spend.
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Yep, only, instead of raising taxes to pay for it, they just cut taxes for the rich, and add the spending to the national debt.
 
glenn1 said:
If they lose seats, so be it. They need to stand fast against spending and taxes, else they might as well not even bother running and just let Democrats spend whatever they want. There's no reason to exist for a party whose platform is "we're going to spend just a tiny bit less than those other guys."
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Obama offered to cut a ton of spending for closing market distorting tax loopholes. GOP wouldn't put up, so they should just shut-TF-up. There is no reason for GOP to exist. Period.
 
That's great news. We save money AND Obama gets the blame. I say GOP should play chicken and roll the dice.
 
senseamp said:
This is what Republicans are demanding, that debt payments on bonds be prioritized over spending. This is actually a very shrewd political move. People associate Republicans with wanting to gut Social Security, so they will get blamed and hammered for this. This is going to make NY-26 look like peanuts. The "government hands off my Medicare" contingent of the teabaggers is going to be raging.
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In your opinion this is a threat to violate the US Constitution yet you still consider it a "very shrewd political move"?

senseamp said:
The Constitution is the ultimate law of the land. Any law that contradicts the constitution is null and void. Line item veto, which is what executive branch's selective refusal to pay some bills would be, has been ruled unconstitutional. Putting US public debt into question is Unconstitutional as well under 14th Amendment. So those two options are out. If executing the debt ceiling law would result in a violation of the Constitution, the debt ceiling law becomes Unconstitutional, and thus null and void.
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I would be happy to post another dozen or so of your posts claiming that this is an illegal tactic. Funny how you seem to be pretty cool with it now.

BTW, I agree with what you said in this thread. This is what he should have stated from the beginning because it is exactly what will happen. All the BS was just that, BS. To a ton of Americans, especially the ones who might vote for him, this is far worse than a default on our debt.
 
senseamp said:
Obama offered to cut a ton of spending for closing market distorting tax loopholes. GOP wouldn't put up, so they should just shut-TF-up. There is no reason for GOP to exist. Period.
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Yes, everyone would be better off if we only had 1 major party. Better yet why don't we outlaw elections and make Obama and his spawn dictators for life.

Now that's a win-win!
 
her209 said:
I think he'll continue paying the SS checks along with the interest payments. He may stop work on government contracts (defense/non-defense related) though.
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Unfortunately I don't think that is an option. The current reality is the total of SS payments alone is more than the revenue coming in. If he deffered everything else and paid only SS there isn't enough coming in to cover it. On the otherhand if he didn't pay any SS payments there is enough to pay everything else with billions to spare.

So the question is not will he not pay SS, it's only a question of how much SS won't get paid. For instance he could pay 1/2 payments to SS + interest payments
 
Darwin333 said:
In your opinion this is a threat to violate the US Constitution yet you still consider it a "very shrewd political move"?



I would be happy to post another dozen or so of your posts claiming that this is an illegal tactic. Funny how you seem to be pretty cool with it now.

BTW, I agree with what you said in this thread. This is what he should have stated from the beginning because it is exactly what will happen. All the BS was just that, BS. To a ton of Americans, especially the ones who might vote for him, this is far worse than a default on our debt.
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That's what Republicans have been pounding the table demanding he do if debt ceiling is not raised. Pay off creditors to avoid a default ahead of government programs. Well, Republicans you are going to get what you demanded.
 
Yeah, real brilliant idea...let's take more money from people when inflation is destroying the value of the few dollars they are still making...during a recession!

That's just fucking brilliant. Tax hikes during a recession.

Pop quiz: how do you turn a recession into a depression? TAKE EVERYONE'S MONEY!

LAWL!
 
repchoice_pid_q26.png

http://today.yougov.com/news/2011/07/08/77-agree-defaulting-debt-would-be-serious-economy-/
Why we're here. And why Republicans can't govern.
 
GuitarDaddy said:
Unfortunately I don't think that is an option. The current reality is the total of SS payments alone is more than the revenue coming in. If he deffered everything else and paid only SS there isn't enough coming in to cover it. On the otherhand if he didn't pay any SS payments there is enough to pay everything else with billions to spare.

So the question is not will he not pay SS, it's only a question of how much SS won't get paid. For instance he could pay 1/2 payments to SS + interest payments
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I don't think your numbers are right, the numbers I've seen put SS at about 700 billion dollars / year. This is about 60 billion per month. I think we take in about 200 billion per month in taxes every month IIRC. Interest payments are about 20 billion / month.

Theres plenty to pay SS and interest payments on the debt if thats what you want to do.
 
My taxes went up last year and I don't make anywhere near that.

I'm decidedly middle class and I'm dreading next April. Where's my help?
 
Unfortunately, as I recall there are statutes in place preventing cutting off pay to Congress. Those whiny teabaggers were complaining about their gold plated healthcare not kicking in immediately, maybe if they missed a paycheck or two (like so many other Americans) they get some sense.
 
Treasury probably just has automatic payments set up, writing hundreds of millions of checks at specified periods of time. It would take months to reprogram the system, even if Treasury wanted to. You have to go in and alter the payment algorithm for every government program. You have to decide what gets priority, who is going to do this and when? It's Congress' job to decide who gets priority, not Treasury's.
So if there is money left in the debt limit, the check goes out. When money runs out, whatever the next check that needs to be written is held up, and has to sit there until new revenues come in to reduce the debt enough beyond the limit to allow for the check to be written. Stop and go.
 
senseamp said:
Treasury probably just has automatic payments set up, writing hundreds of millions of checks at specified periods of time. It would take months to reprogram the system, even if Treasury wanted to. You have to go in and alter the payment algorithm for every government program. You have to decide what gets priority, who is going to do this and when? It's Congress' job to decide who gets priority, not Treasury's.
So if there is money left in the debt limit, the check goes out. When money runs out, whatever the next check that needs to be written is held up, and has to sit there until new revenues come in to reduce the debt enough beyond the limit to allow for the check to be written. Stop and go.
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what could go wrong? 😵
 
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