11 days until your SS checks might be interrupted

Quite a few of them down here in redneck Florida. Lol

 

Quote; This will come down to the 11th hour of the 59th-minute sort of a deal.

Agree!

 

Lol. I'm in West Virginia. I'll report back...

 

According to my research, looks like we’re the only country who has a nominal debt ceiling limit, several nations have a limit as a percentage of GDP, but most nations don’t have a debt ceiling limit.

 

We can either do what Europeans do, high personal income taxes with higher business regulations, lower business taxes, and a regional income tax system, or do what Asia does which is similar to Europe except the government is involved more exclusively with the business side of things. Conservatives want low personal income taxes and business income taxes, few regulations, and government intrusion to fulfill the conservative social propaganda in society and business and think that will somehow solve the debt issue while having an unreasonable expectation of high GDP growth. That is more fantasy than reality and has never worked. I am not a fan of the Democrats, especially progressives, on their idea of what business should and should not do, but at least Democrats try to pay, generally, for new spending if they can by selectively raising taxes on certain groups.

 

For everything in the budget? Probably not, but for Social Security from the OASI Trust Fund, absolutely.

 

I’m guessing you have that information?

 

Do you understand that we need PUBLIC DEBT BUYERS to swap from non-marketable trust fund securities to marketable securities?

 

So is your argument that there is in fact, plenty of money in the OASI Trust Fund but it just won't be accessible?

 

Correction; Won’t be swappable as no one knows how Public Debt buyers will react if Uncle Sam happens to default on one or more obligations.

 

Are you not aware that default is a choice, not a requirement? The U.S. takes in enough revenue to cover interest payments and even SS checks. Without a higher debt limit it could choose to pay those interest payments and SS checks. It would have to spend less in other areas but that, of course, is a good thing. This default business is a scare tactic typical of the deep state. Shame on you. Incidentally it is the democrats who are standing in the way of a raise in the debt limit. The republicans already passed a bill raising it.

 

Frankly I'm not familiar with this argument since the dollar will still be worth something and and the trust fund will still be funded.

 

Someone, likely a liberal, is lying to you. Social Security and Medicare are paid from separate accounts, which are relatively healthy in there short term. AND We take in nearly three trillion a month.

 

Nor does Congress or the President have access to Medicare or SS funds.

 

Let's cut all spending on climate change until government can present a clear, definitive, who, what, when, where and how much to achieve the goal. Let's get rid of deadlines that blow hard politicians (sorry for the redundancy) spew to win votes; and which they don't have clue #1 on how to attain the goal.

 

exactly

testimony by our "expert" on climate change....
Energy Sec. David Turk literally can not put a figure to the "cost" to be carbon neutral by 2050.. in fact we will "save money" on this "mystery cost" we can't pin down...
oh.. and...
John Kennedy "If we spend 50 trillion dollars to be carbon neutral by 2050, how much will that reduce world temperatures?"
Energy Sec. David Turk could not pin that number down either... just more babbling and not answering the question.

Gas and diesel prices are up.... any and all products are dependent on those two to get product to market... people have to get to work... tell us how that is "Saving Families Money on Energy"

 

The Trust Fund is paid for by future beneficiaries and investors, mostly foreign. It isn’t paid for with income tax dollars.

 

That will be stupid of the GOP to let their base lose their paychecks. We will win 2024 massively if they let SS stop.

 

Fear not.... It's just more fear mongering by democrats trying to hold Americans financially hostage to further their agenda of stupid spending.

You don't think Democrats get social security checks too?

 

More old people vote Republican and everyone will know that its the GOP holding the country hostage not the democrats. Especially when they support nearly 1T for the military but then cry about balanced budget.

 

Yep. Different pots of money. As long as people keep working FICA comes out of their checks and into the coffers of SSA; congress can't touch it.

 

How many billions of dollars now has the Democrat party sent to Ukraine ?

There is something known as compromise which Democrat politicians of course do not believe in.

But the American people do understand it you can rest assured of that

 

75B spent on ukraine, which is less than 10% of the military budget, if we didn't spend nearly 1T on the military and 1T in money to the states we could start paying off the national debt.

Reduce both by 90% and we have a surplus of $400B

Yet republicans would never agree to either.

 

Have any democrats or independents proposed your plan?

 

Of course, these are the facts of the matter; but the MAGA GOP stopped basing their actions or rhetoric on strictly facts, a long time ago. I agree that McCarthy realizes how damaging, defaulting on our Debts would be to the country; I don't think that is a consideration, in his mind. What does matter, is what effect this would have on voters, in November of 2024. I think, he must realize that this would hurt the Republican brand. So I think, while playing it tough, he ultimately wants to get to a resolution. The problem, however, will be getting his own caucus to support any compromise, he reaches with the White House.

When there had been little word of conciliatory outreach, by President Biden, the Congressional MAGA were criticizing the President's unwillingness to compromise, and trying to lay blame on him, if no agreement is reached, in time. Then word got out that progress was being made, and McCarthy even said that he saw a possible path to an agreement-- so what does the Freedom Caucus do? They demand that the Speaker withdraw from negotiations!

These morons want us to default, clearly. Either that, or accept their austerity measures, which will hurt not only the country but, more importantly to them, drag down the Democrats' approval ratings. So, I
feel that, even though it's being called a longshot, the chances that this gets resolved through the Democrat- initiated discharge petition, are pretty good. It only requires the signatures of 5 Republicans, of the 18 who come from districts won by Biden. These defections, though, are not likely to come before the edge of the cliff is in plain sight, which will be damaging, in itself.

The only other possibility, would be for McCarthy to rely on Democratic votes, in putting forth a bill that was not supported by the Freedom Caucus-- which would almost certainly lead to a vote to remove him from the Speakership. That seems one path, it is hard to imagine Kevin M., walking down.