Posted on 07/13/2011 6:27:03 AM PDT by xzins
Washington gets $200 billion a month, Social Security costs $50 billion a month, and Obama is threatening to starve Grandma?
.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?
Because Obama is playing the demogogue, that's why. Pure and simple. He is trying to scare seniors into making panicked calls to their congressmen begging them to do whatever Obama and the Democrats want in order to keep the checks coming.
This is demogoguery of the worst sort because Obama has to know that what he is saying is false. When you and I say something we know to be false, it's called a "lie."
Clearly, it is of no matter to Obama that hiking taxes and raising the national debt limit very likely will keep millions of Americans unemployed and hobble the economy for years to come. All he has to do is scare enough voters long enough to get through the November 2012 election to get himself re-elected.
Here are the facts, as reported by MarketWatch and the Bipartisan Policy Center. You do the math:
* The federal government receives approximately $200 billion in revenues each month.
* Interest on the national debt in August will be approximately $29 billion.
* Social Security will cost about $49. 2 billion.
* Medicare and Medicaid will cost about $50 billion.
* Active duty military pay will cost about $2.9 billion.
* Veterans affairs programs will cost about $2.9 billion.
If you've been punching buttons on your calculator, you know that still leaves $39 billion each month. This is where Obama and the Democrats most fear to go. If Congress doesn't agree to raise taxes and the national debt limit, they will then have to make the tough choices about which of the remaining programs gets paid or cut and by how much:
* Defense vendors
* IRS refunds
* Food stamps and welfare
* Unemployment benefits
* Department of Education
* Department of Housing and Urban Development
* Department of Justice, etc. etc.
In sum, federal spending would have to be cut about 44 percent. For more on this, go here and here.
So the next time you hear Obama, or Senate Majority Leader Harry Reid, or Sen. Charles Schumer, D-NY, or House Minority Leader Nancy Pelosi, or any of the multiple Democratic echo chambers in the liberal mainstream media, remember - what they are saying is pure demogoguery. .
Read more at the Washington Examiner: http://washingtonexaminer.com/blogs/beltway-confidential/2011/07/washington-gets-200-billion-month-social-security-costs-50-billio#ixzz1RzOroA8Y
Uh, because he’s a lying sack of s#&$?
Finally, a simple, common-sense response to Great Leader. Libs will suddenly turn into poorly made 70’s robots: Does not compute...does not compute!
Marco Rubio was on the Hugh Hewitt Show last night pointing this out, and doing a really outstanding job. The GOP needs to make him the point man on this, and keep him in front of cameras and microphones as much as possible.
You're a jerk.
He’s so brave to threaten senior citizens.
He knows if he threatened the “food stamps and welfare” category on that list with losing their bennies, we’d already have riots in the street today.
How can we have someone so uninformed running things?
Doesn't he think he SHOULD FIND OUT??? BEFORE HE OPENS HIS YAP?
How can we have someone so uninformed running things?
Doesn't he think he SHOULD FIND OUT??? BEFORE HE OPENS HIS YAP?
The bully pulpit phrase finally makes sense with obama as Pres.
not just Obama, but also Mitch McConnell is playing up the hoax too that we’ll default if we don’t raise the ceiling.
We need to just pay $19 billion a month on interest payments to keep from defaulting.
I just had it out with a liberal. What he said was, yes, there is plenty of SS money. But, if we don’t pass the to increase the debt ceiling, there will be no money to run SS offices that process the checks.
Stupid comment by the lib since the costs of SS are a mere 2% and come out of the SS fund, so this 50 billion probably already includes the overhead.
Great comment, Girlene!
ECONOMIC TERRORISM
The republicans are criminally dumb. Someone above, though, said Marco Rubio was hammering Obama on the subject of this thread.
0bama's "Enhanced Death Panel"
A word of warning to Hussein: You're playing with fire!
FUBO GTFO 2012
Exactly! Bullseye.
I also just read he’s now threatening military pay and retirement. If this doesn’t come to pass, O’bama is going to look like the little boy who cried wolf one to many times. I pray that’s exactly what happens. And I pray that the republican’s stand firm.
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