Tea Party kicks Boehner in the teeth - again

[Riot]

Originally Posted by SOREHOOF

Social Security was supposed to be solvent for years to come according to the Dems. Obama says he can't guarantee SS checks will be mailed out first week in Aug unless he's given the authority to borrow more $$. Somebody is lying.

No. Nobody is lying. Somebody doesn't understand Social Security, the Social Security Trust Fund, cash flow, and the Treasury.

We have something like $300 million in bills due Aug 2, and $200 mil in cash (exact amts have been in the press, but that's the rough ratio) That amount varies, of course, depending upon who pays their taxes daily, etc.

So yeah - there's no cash to pay something on that date (although there's probably a week of additional wiggling). You pick who. The Government paychecks, Social Security, tax refunds, military pay, businesses who contract with the government, etc.

We hit the debt ceiling some months back. The Treasury has been "wiggling" ever since. It is beyond absurd that a routine, one-sentence raise isn't being done, and that this country is being held hostage for future spending by refusing to pay past bills already owed.

[SOREHOOF]

Originally Posted by Riot

No. Nobody is lying. Somebody doesn't understand Social Security, the Social Security Trust Fund, cash flow, and the Treasury.

We have something like $300 million in bills due Aug 2, and $200 mil in cash (exact amts have been in the press, but that's the rough ratio) That amount varies, of course, depending upon who pays their taxes daily, etc.

So yeah - there's no cash to pay something on that date (although there's probably a week of additional wiggling). You pick who. The Government paychecks, Social Security, tax refunds, military pay, businesses who contract with the government, etc.

We hit the debt ceiling some months back. The Treasury has been "wiggling" ever since. It is beyond absurd that a routine, one-sentence raise isn't being done, and that this country is being held hostage for future spending by refusing to pay past bills already owed.

That is nearly 3 trillion owed to the treasury by the Govt. Yes they spent it on something else. There are many trillions of $$ of national debt that are excluded from the official count. It is actually a lot worse than 14+ trillion.

[Riot]

Originally Posted by SOREHOOF

That is nearly 3 trillion owed to the treasury by the Govt. Yes they spent it on something else. There are many trillions of $$ of national debt that are excluded from the official count. It is actually a lot worse than 14+ trillion.

Yes. But none of the above has anything to do with the debt ceiling. The debt ceiling is just cash flow to pay bills we already owe. It has nothing to do with calculating future spending, or in how big the deficit can become. The GOP already increased the deficit 800 billion this congress, earlier in the year. There will be 2 additional debt raises just for that in the future (calculated, based upon interest accumulated, etc)

National Debt $14 trillion

3.6 trillion - Social Security trust fund owed

4.0 trillion - Bush, W. policies (unfunded wars, unfunded Rx givaway)
3.0 trillion - Bush, W. unfunded tax cuts

2.0 trillion - taxes (income) lost due to recession and housing bust
1.4 trillion - Obama policies

[dino]

My only point with New Hampshire was with hard work and PRIDE this country can get back to what it was before so many people were looking for a handout.

[Riot]

Originally Posted by dino

My only point with New Hampshire was with hard work and PRIDE this country can get back to what it was before so many people were looking for a handout.

Who the hell is looking for a handout? Social Security and Medicare are not "handouts", we pay into that!

I believe you're paying in about 25% of the actual cost of Medicare.

[Riot]

Originally Posted by Coach Pants

I believe you're paying in about 25% of the actual cost of Medicare.

Medicare is one of the most successful, least-expensive health delivery systems anywhere in the world. Their overhead and healthcare delivery cost is nothing compared to private insurance companies.

That said, yes, we need to look at adjusting Medicare. I suggest we simply open it up to people 55 and over, for a huge cash influx.