Why scaring grandma won't work

http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/washington-gets-200-billion-month-social-security-costs-50-billio

President Obama told CBS News today that he "cannot guarantee that those [Social Security] checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it."

But wait just a minute. If Washington receives about $200 billion in monthly revenues and sends out roughly $50 billion worth of Social Security checks and the same amount of Medicare payments, why is Obama claiming the checks may not go out?

Isn't $200 billion minus $100 billion still $100 billion?

The Republicans should not even bother to raise the debt limit. We take in plenty of money, we just spend too much.

Grandma isn't scared..she's hoppin mad at the Republicans for not being smart enough to know that you reduce debt by cutting spending AND increasing revenue. What a bunch of idiots the Republicans voted into office this last election. I'll bet there isn't three of them who know how to balance a checkbook much less reduce a deficit.

archer wrote: Grandma isn't scared..she's hoppin mad at the Republicans for not being smart enough to know that you reduce debt by cutting spending AND increasing revenue. What a bunch of idiots the Republicans voted into office this last election. I'll bet there isn't three of them who know how to balance a checkbook much less reduce a deficit.

Nice try. You are saying exactly what everyone has been saying about Obama and the Dems for years. Try thinking up something original. And you just proved that you can't balance a checkbook. You, like Obama and many libs keep thinking that raising taxes and gaining $3 billion in revenue over 10 years ($300 million per year) is going to make a huge difference int he deficit of $14.5 trillion. Serioiusly? You guys really need to let this go and realize that the Dems out of control spending for the last 2 1/2 years has come to an end!

Pop Quiz, how quickly will this $3 billion that you are fighting for over 10 years and holding up SS checks and the budget, bring down a $14.5 trillion dollar deficit?

And you want to fight to tax and make $3 billion more in revenue so you can raise the debe ceiling $2.3 trillion to have that much more to spend! You think THAT is going to reduce the deficit? Are you economically clueless? i have been laughing my ass off at those who keep saying that this tax hike on a few billionaires is the answer to everything!

archer wrote: Grandma isn't scared..she's hoppin mad at the Republicans for not being smart enough to know that you reduce debt by cutting spending AND increasing revenue. What a bunch of idiots the Republicans voted into office this last election. I'll bet there isn't three of them who know how to balance a checkbook much less reduce a deficit.

Oh really? Obama owned the Senate, House, and White House from 2008-2010 and he created the largest debtload in history. Looks like he doesn't know how to balance a checkbook. In fact, his minions didn't even submit a budget or raise taxes/revenues. If the Dems know how to reduce debt, why did they extend the Bush tax cuts?


Back on topic: I do believe Granny will be scared by Obama and the Republicans will have to cave on reductions in spending. Obama's offered spending reductions won't take effect for a couple years so Barack and Boehner will once again be kicking the can down the road.

If the debt limit isn't raised, Granny SHOULD be scared...

LadyJazzer wrote: If the debt limit isn't raised, Granny SHOULD be scared...

Why? Their is plenty of money to pay her SS check.

conifermtman wrote:

LadyJazzer wrote: If the debt limit isn't raised, Granny SHOULD be scared...

Why? Their is plenty of money to pay her SS check.

Seems to me the last time the Republicans refused to raise the debt ceiling SS checks did NOT go out.

I'll have to verify that, though, my memory isn't good enough on this issue.

No, there isn't "plenty of money"... You've been listening to too much FauxNews....

AspenValley wrote:

conifermtman wrote:

LadyJazzer wrote: If the debt limit isn't raised, Granny SHOULD be scared...

Why? Their is plenty of money to pay her SS check.

Seems to me the last time the Republicans refused to raise the debt ceiling SS checks did NOT go out.

I'll have to verify that, though, my memory isn't good enough on this issue.

You are correct and that was a choice made by the Clinton administration and before the rise of the conservative press. The story was one sided.

Go ahead and withhold granny's SS check. I dare Obama to do so, because he will have to explain why seniors did not receive their checks when the government had more than enough cash on hand to pay them.

LadyJazzer wrote: No, there isn't "plenty of money"... You've been listening to too much FauxNews....

Yes there is. There will be $200 billion coming in and only $20 billion needs to go out to SS and Welfare. And the CBO said today that it is totally up to the Treasury department where that money goes. So it is up to Obama's administration if they get paid or not. The money is there. Scare tactics don't work on educated people. And we will continue to educate them!