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| Topic: President Lies About Social Security Checks | |
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he does not personally do the job of sending out checks for him to promise they would all go out is silly....that is like you promising your kid will do something and when he will do it even tho you wont be there to insure it gets done.
true he should not have given the answer he gave and that answer is a fear tactic maybe he should have threatened if congress doesnt do its job he would disband it for dereliction of duty and began forming a new congress it would be a great time for a true third or/and forth political party to form but hey what do i know |
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I don't know how anybody can expect him to be making guarantees unless he is willing to invoke the 14th Amendment, which he seems reluctant to do.
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did anyone here ever hear of the amero?this is why our money isnt backed by gold anymore. Our money isn't backed by gold because otherwise other governments could turn in cash (promisory notes for gold) and take it out of our country, eventually bankrupting the U.S. I have my doubts that we have any gold left. |
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Edited by
Jeanniebean
on
Mon 08/01/11 11:38 AM
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did anyone here ever hear of the amero?this is why our money isnt backed by gold anymore.growing up i never head them saying the currency would crash.now it every year or so.i think if they say it enough people will stop paying attention and not be prepared when they crash it.then you will be payed pennies on the dollar.for fun look to see whats happening in greece.so when ss checks dont go out your money might already be worthless.and unlike the first depression this will be worldwide.this is why your bombarded with hoarding shows.stuff you dont use everyday throw away they say you will never need it again.untill....i think almost everything in the stores today is junk.everything is cheap plastic so you could never replace what you threw out. Its true that products, especially imports, are getting to be nothing but cheap overpriced junk. People should put up a clothes line instead of buying a dryer. Wash your dishes in the sink, because dishwashers are crappy overpriced dish drainers that rinse. They don't get anything clean. Name brand sneakers and clothes are made in third world countries that exploit the very poor paying them half a living wage which is a bout a dollar a day. People should start trading and bartering and making their own stuff. Plant your own gardens. |
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Every employer has to pay payroll taxes into the SS fund. The fund has historically taken in more money than it paid out so it left a "fund", commonly known as the Social Security Trust Fund.
Congress could not stand to see a big pile of money setting there so they would "borrow" from it to fund other programs. What they borrowed is part of the US's liabilities but I doubt if pays any interest to the fund to borrow from it. Since the SS trust fund is independently funded, it is not part of the debt ceiling, budgeting, or anything else unless congress wants to change, by law, the way the funds are distributed. X dollars come in and Y dollars go out. IF the fund was unable to pay SS recipients because the outgo exceeded the payroll tax receipts, The US would be obligated (since it borrowed the money from the fund) to pay all debts due FIRST. These debts include the interest on the national debt and the treasury bonds due. The US is obligated to pay it's interest and debts due FIRST, before any other checks are written. This means that there is NO CIRCUMSTANCE where social security checks would not go out. The president lied about the possibility of SS checks not going out to make political points with the elderly by fear mongering. The first checks that should not go out are the one's that pay congress and the president. |
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Show me a politician who doesn't lie and I'll show you ocean-front property in Arizona...
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Show me a politician who doesn't lie and I'll show you ocean-front property in Arizona... I've been thinking of moving. Would love to see the property but I'm having trouble with politician part of the deal. |
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The president lied about the possibility of SS checks not going out to make political points with the elderly by fear mongering. No he didn't. Social security doesn't pay out benefits with T-bills. It uses money. the money comes from the Treasury. When benefits are paid, the SS obligations are paid off and SS uses money to do it. He can do that with0out Congress' permission. I think that's what he'll probably do. |
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the President will have to make choices. Personally, I favor the idea going around that he curtail Social Security payments in the districts of those politicians who want to cut Social Security. That should make everybody happy.
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Every employer has to pay payroll taxes into the SS fund. The fund has historically taken in more money than it paid out so it left a "fund", commonly known as the Social Security Trust Fund. Congress could not stand to see a big pile of money setting there so they would "borrow" from it to fund other programs. What they borrowed is part of the US's liabilities but I doubt if pays any interest to the fund to borrow from it. Since the SS trust fund is independently funded, it is not part of the debt ceiling, budgeting, or anything else unless congress wants to change, by law, the way the funds are distributed. X dollars come in and Y dollars go out. IF the fund was unable to pay SS recipients because the outgo exceeded the payroll tax receipts, The US would be obligated (since it borrowed the money from the fund) to pay all debts due FIRST. These debts include the interest on the national debt and the treasury bonds due. The US is obligated to pay it's interest and debts due FIRST, before any other checks are written. This means that there is NO CIRCUMSTANCE where social security checks would not go out. The president lied about the possibility of SS checks not going out to make political points with the elderly by fear mongering. The first checks that should not go out are the one's that pay congress and the president. it does NOT mean there is no circumstance where social security checks would not go out on 'time' though,, which was the question asked,,, if they are not prioritized before other debts that have come due, they could perceivably go out 'late' |
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it does NOT mean there is no circumstance where social security checks would not go out on 'time' though,, which was the question asked,,, if they are not prioritized before other debts that have come due, they could perceivably go out 'late' Ok here's he deal. It's been stated before. SS is it's own fund. Its taken out seperate from taxes. Has nothing to do with the debt ceiling or the budget. Now how can Obama not guaranty that they would not be sent out if there was no deal made by 8/2/11? In order for the checks to be delivered on the 3rd they had to be printed and sen out to the USPS by Thursday July 28th 2011. So in all actuality there is no way possible Obama could not guaranty they would not go out. |
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Every employer has to pay payroll taxes into the SS fund. The fund has historically taken in more money than it paid out so it left a "fund", commonly known as the Social Security Trust Fund. Congress could not stand to see a big pile of money setting there so they would "borrow" from it to fund other programs. What they borrowed is part of the US's liabilities but I doubt if pays any interest to the fund to borrow from it. Since the SS trust fund is independently funded, it is not part of the debt ceiling, budgeting, or anything else unless congress wants to change, by law, the way the funds are distributed. X dollars come in and Y dollars go out. IF the fund was unable to pay SS recipients because the outgo exceeded the payroll tax receipts, The US would be obligated (since it borrowed the money from the fund) to pay all debts due FIRST. These debts include the interest on the national debt and the treasury bonds due. The US is obligated to pay it's interest and debts due FIRST, before any other checks are written. This means that there is NO CIRCUMSTANCE where social security checks would not go out. The president lied about the possibility of SS checks not going out to make political points with the elderly by fear mongering. The first checks that should not go out are the one's that pay congress and the president. it does NOT mean there is no circumstance where social security checks would not go out on 'time' though,, which was the question asked,,, if they are not prioritized before other debts that have come due, they could perceivably go out 'late' Hogwash! All the Nation's debts take priority over everything else. SS checks are already funded from payroll receipts. The government would not "choose" to not pay SS participants. The payments are automatic. The only way the checks would stop is if the government "chose" to stop paying them. In a true cash flow crisis the choice to stop paying would start with chosen programs and SS would never be chosen. The debts have ample funds to to paid anyway. It is the ongoing government programs that would fall victim. |
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