11 days until your SS checks might be interrupted

I hope they do I hope they suspend them until next year or longer... The city melt downs would be epic

 

The DNC ghetto's would explode with violence...

 

Huh? I didn't support the final round of covid spending.

I'm not a Democrat.



I'm not a Republican, either.

 

Taking the time to actually figure out the best way to deal with climate change would be more efficient and effective.

Didn't say we wouldn't spend money; Spend with a concrete plan would be more efficient and less expensive.

Total BS. Quite the opposite; it's the dems that operate on the "Do someone, no matter what it costs, or if it will really work" principle of government. It's the Dems going crazy shutting down fossil fuel power plants with few replacement systems up and running.

 

I don't know if there is a more efficient plan that what has already been proposed (and blocked by the right), but we do know what the most expensive thing to do is. And that's exactly what you proposed: not do anything.

Anyway... different topic. Bottom line is that you don't know what "spending" to cut. Just as I thought....

 

Then you should support the pull back of the money.

 

Who said the issuance of SS checks will/may actually stop beyond a default?

 

A nonsensical slogan. There is no detailed plan in existence; just buzz words and vapid "by <fill in date> we will <fill in unrealistic goal>". I've seen no detailed plan on how the BACKUP systems for all wind and solar systems can be build in time or where the materials to do so is coming from.

Wrong again. Cancel at lea half of the new IRS agents. Cancel student loan forgiveness pop to mind immediately. Budget spending to grow no faster than inflation or 3% - which ever is smaller. Just for starters.

 

Nope. Congress CAN borrow EXCESS FICA money from SSA in return for bonds; which it did frequently in the past when FICA collections exceed the amount of benefits paid out. Not the case anymore.

 

Oh, and another issue the scaremongers overlook is that the government takes in two and a half to three trillion every month, according to Congressional Budget Office.

 

Yes. Correct. Fed as in the Federal Government.

 

But you make it sound like a default is Republicans fault and ignore the negotiating principals that demand Democrats ALSO have a responsibility to the outcome.

The democrats dont get to just click their heels and demand approval to raise the limit and then cry foul when they cant get the votes.

Grandstanding?

I dont know, we ARE 30 trillion dollars in debt.

Pay the debt? How?

We spend more than we make. How can we pay the debt?

 

I haven't been paying close attention, but I opposed the last spending round so I see no reason I would be opposed to pulling back bucks.

We have to reduce demand, so cutting government spending helps. Something else here--we could have a surtax on people who made a bundle on the run up in asset values instead of some of the credit tightening on lower- and middle income groups.

 

Yes. I don't care for pols using the Fed as a whipping boy when the Fed is just reacting to what the pols have done.

 

OK you've lost the topic it seems.

Thank you for your time.

 

The guys using the federal debt to lever up are the game players.

You sound like Democrats when they were playing games when Trump was President. As an economist and investor, I always made a few bucks when the game playing "outs" scared folks. There's something a bit sick when pols scare folks living hand-to-mouth that they won't be getting their SS.

Because we have a long history of not paying for what we're spending. Pass the bill on to the kids.

By issuing more debt.

 

By writing checks. Revenues are more than enough to make interest payments. No need for a higher debt ceiling. This thing is just fear mongering.

 

Step One: virtue signaling is not rewarded by the rest of us.

Oh, we wouldn't want to do that, would we?

Or opposing oil pipelines that more efficiently move oil we're going to use anyway.

Environmentalists might try finding out how to say "yes" to something? Nuclear energy, perhaps?

 

Why would you hope for something that would unnecessarily hurt poor people?

 

Future beneficiaries do pay because Social Security is at heart a generational transfer payment.

 

Partisan BS that portrays Republicans as the "white hats."

 

The bill isn't actually paid by borrowing to pay creditors. That's a balance sheet game, and eventually the chickens home to roost.

How long should we keep kicking this can down the road?

 

The world is a tough neighborhood. Reducing defense spending by 90% is the sort of thing we did after WW1 and may have helped lead to WW2.

I'm no Republican and will never vote for a party that turns women into second class citizens with their anti-abortion policies, but thank goodness they won't agree to promote the sort of weakness you seem to champion.

 

We shouldn't. Doing something might include raising taxes.

 

Then why if they don’t raise the debt ceiling will payments stop?