Obama says he cannot guarantee Social Security checks will go out on August 3

[War Machine]

I don't think he was talking about the earned benefit pay-outs.

I wasn't, I was day dreaming is all

[Hobie]

wait wait wait, government isn't smart enough to decide my insurance, but you think they are smart enough to plan my retirement......silly republicans, can't have it both ways.

SS isn't intended to be your full retirement, just a supplement, but it's funny you or I can't run a ponzi-scheme legally, however, the US gov't can.

[Forever_frost]

Just checking. I know this pisses me off because Barry is playing chicken. He said as a senator that raising the debt ceiling is a failure of the presidency and no one has brought up the fact that had he not used the 1.4 trillion in 'stimulus' funds, we wouldn't be at the ceiling yet

[Denny]

SS isn't intended to be your full retirement, just a supplement, but it's funny you or I can't run a ponzi-scheme legally, however, the US gov't can.

Right. Bernie didn't do shit compared to the Federal government.

[Forever_frost]

SS isn't intended to be your full retirement, just a supplement, but it's funny you or I can't run a ponzi-scheme legally, however, the US gov't can.

Same way we can't have a monopoly but the government can

[Denny]

Just checking. I know this pisses me off because Barry is playing chicken. He said as a senator that raising the debt ceiling is a failure of the presidency and no one has brought up the fact that had he not used the 1.4 trillion in 'stimulus' funds, we wouldn't be at the ceiling yet

We won't default. We will just be violating our own set limits. This is all just an excuse to raise taxes. When all is done, they'll sell it to us as a favor for not raising taxes as high as it could have been.

The government fucks up by doing things we don't want, yet we end up paying for them to continue AND progress their bullshit.

Just waiting on the revolution...

[Forever_frost]

I agree. Dems are all about raising taxes, but when they do, that debt will continue to tick upwards.

[Cannonball996]

American jobs are at stake, congress needs to get off their ass and do their job.

[talisman]

Alarmist bullshit... Trying to push the publics buttons to fix his problems.

[Denny]

American jobs are at stake, congress needs to get off their ass and do their job.

HAHAHA! They have you scared too!

[Vertnut]

I agree. Dems are all about raising taxes, but when they do, that debt will continue to tick upwards.

Because they will spend every damn nickel they get their hands on, and then some.

[Cannonball996]

HAHAHA! They have you scared too!

I am more afraid of the congress then I am of the president. so far this congress has been worthless, they bitch about jobs and the economy, but they have yet to pass a jobs bill, or any number of trade treaties, all things that will help boost our economy.

I know its not true, but it is starting to look like certain members of congress do not want to see the economy improve while obama is in office.

[jw33]

Right. The entitlements that are "pre-paid" are not the ones that should be cut. If he cuts SS payments, he needs to be terminated. I say cut Congress' pay and benefits. They're the ones that got us into this mess.

Ron Paul just gave back 140K he had left over and has never been enrolled in their pension plan. One of the few, if not the only one, who does that, just sayin...

[futant]

The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities.

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006

[Forever_frost]

I am more afraid of the congress then I am of the president. so far this congress has been worthless, they bitch about jobs and the economy, but they have yet to pass a jobs bill, or any number of trade treaties, all things that will help boost our economy.

I know its not true, but it is starting to look like certain members of congress do not want to see the economy improve while obama is in office.

ACtually, the Republicans are trying. They passed a budget Reid won't vote on and voted to kill Obamacare