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('no budget' Dingy Harry) Reid: No Social Security checks without debt deal
Yahoo ^ | 7/14/11

Posted on 07/14/2011 10:39:16 AM PDT by Libloather

Reid: No Social Security checks without debt deal
AP – 10 minutes ago

WASHINGTON (AP) — Echoing President Barack Obama's warning, Senate Majority Leader Harry Reid says Social Security payments would stop if there is no deal to raise the government's borrowing limit by Aug. 2.

Speaking on the Senate floor, the Nevada Democrat said flatly that payments for veterans benefits and the military, as well as Social Security, would cease if the government defaults on its obligations. His statement goes beyond Obama, who said earlier this week that he could not guarantee Social Security checks will be issued on Aug. 3.

Later, a Reid spokesman said the senator meant to say the payments "could" stop, which would be consistent with the president's comments.

Republicans have called such statements scare tactics.

(Excerpt) Read more at my.news.yahoo.com ...


TOPICS: Crime/Corruption; Extended News; Government; News/Current Events; US: Nevada
KEYWORDS: checks; debt; debtdeal; debtdealthreats; harryreid; nevada; reid; socialsecurity; ss
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Fresh talking points memo went out this morning.
1 posted on 07/14/2011 10:39:18 AM PDT by Libloather
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To: Libloather

And Just WHAT does the LDS church say about LYING!?


2 posted on 07/14/2011 10:42:31 AM PDT by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: Libloather
How about no travel or checks for these buffoon lawmakers!!!
3 posted on 07/14/2011 10:42:42 AM PDT by JimmyMc
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To: Libloather

What?? What about the S.S. “Trust Fund”??

/sarc

In other news: Reid announces that S.S. is actually part of our deficit spending.


4 posted on 07/14/2011 10:43:15 AM PDT by Noamie
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To: Libloather

Sharpening the tines on the pitchfork.


5 posted on 07/14/2011 10:45:02 AM PDT by SueRae (I can see November 2012 from my HOUSE!!!!!!!!)
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To: Libloather
Echoing President Barack Obama's warning, Senate Majority Leader Harry Reid says Social Security payments would stop if there is no deal to raise the government's borrowing limit by Aug. 2.


6 posted on 07/14/2011 10:46:02 AM PDT by Polybius
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To: Noamie

SS brings in more money than it pays out. The only problem is that they raid the SS funds to pay for other things not related to Social Security. These people are thieves.


7 posted on 07/14/2011 10:46:42 AM PDT by RC2
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To: Libloather

Harry must be worried Landra won’t get her check on time.


8 posted on 07/14/2011 10:47:12 AM PDT by bgill
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To: Libloather

So, the dem’s are upping the ante. Time for the House to play their hand and pass the prioritized spending bill that puts defense, ss, and medicare as first to get paid.


9 posted on 07/14/2011 10:47:57 AM PDT by Girlene (What did the fish say when he hit a concrete wall? Dam.)
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To: Libloather

It must be that famous “liberal” compassion they always talk about...


10 posted on 07/14/2011 10:48:37 AM PDT by Qbert ("The best defense against usurpatory government is an assertive citizenry" - William F. Buckley, Jr.)
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To: Libloather
Some days you can actually smell the Social Security recipients, right Harry?
11 posted on 07/14/2011 10:49:25 AM PDT by Steely Tom (Obama goes on long after the thrill of Obama is gone)
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To: Libloather

Boner should demand an itemized list of the money Obama wants to borrow. He could then line item out the waste and fraud. I would make them do it every month. Then approve it for the next month.


12 posted on 07/14/2011 10:49:33 AM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: Steely Tom

I just called my Rat Senator Bill Nelson. He said the checks will be mailed no matter what and has introduced legislation today to make sure. They are cracking.


13 posted on 07/14/2011 10:51:20 AM PDT by screaminsunshine (Socialism...Easier said than done.)
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To: Noamie

This is very revealing, because they are admitting that there is no money set aside in the Social Security trust fund to pay benefits.

If it were really a separate fund, then there would be no question about benefits being paid.

And we could also talk about the Democrats using the politics of fear in these negotiations. If Social Security were really a completely separate fund, then the payments would not be threatened by problems with raising the debt ceiling.

If they don’t get this resolved, then priorities will have to be set as far as who gets paid. We’re all still paying our taxes every payday, so the money still is flowing into the treasury. They can pay the majority of government expenses whether the debt ceiling gets raised or not.

Obama and Harry Reid could make sure that senior citizens get their Social Security checks regardless of what happens, if they chose to do so.


14 posted on 07/14/2011 10:51:45 AM PDT by Dilbert San Diego
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To: Libloather

I would like to see this bluff called. I want to see the whole thing called...

Let them stop the checks. And then show why it was a CHOICE by Obama and did not need to happen.

My guess, we call the bluff. They fold like a cheap tent. They are not going to stop those payments.


15 posted on 07/14/2011 10:53:50 AM PDT by RummyChick
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To: Libloather

Where are the Republicans and the journalists screaming that the fe[de]ral government will take in somewhere around $196 billion this month and that interest on the debt, Social Security, and the military payroll combined is less than $100 billion? Why isn’t that news?

Call out Reid and Obama for the damnable liars they are!

Heck, if Biden said it, at least we could chalk it up to Gumpism.


16 posted on 07/14/2011 10:55:52 AM PDT by old3030 (I lost some time once. It's always in the last place you look.)
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To: RummyChick

17 posted on 07/14/2011 10:56:15 AM PDT by Errant
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To: Libloather

The democrat house has gone over 800 days without proposing a budget. Barry submitted one budget that was based on insanity and a firm belief in Santa Claus. What, under Mr. Reid’s leadership, has been done?

Barry did however manage to spend more in his short tenure than all prior President’s combined. Smile for your Guiness Book picture retard-in-chief...


18 posted on 07/14/2011 10:56:43 AM PDT by Made In The USA (This post may be recorded for quality purposes.)
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To: RummyChick
They are not going to stop those payments.

If they stop paying the military, I would expect a military coup within hours.

19 posted on 07/14/2011 10:58:20 AM PDT by Publius
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To: Libloather

Blackmail.


20 posted on 07/14/2011 10:59:53 AM PDT by SMARTY (A claim for equality of material position can be met only by a government with totalitarian powers.)
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To: Libloather

Sure would like to know which side is betting money on a default.


21 posted on 07/14/2011 10:59:58 AM PDT by ex-snook ("Above all things, truth beareth away the victory")
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To: Libloather

That will be THEIR CHOICE if those checks stop!


22 posted on 07/14/2011 11:00:18 AM PDT by kcvl
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To: Libloather

They have the monthly revenues to meet the monthly SSIP, VA, MIL and Medicare expenditures. This is no different than a family skipping their mortgage pmt to pay their credit card min pmt and then partying the rest of it away.

It is good to see the Dems have their priorities straight.


23 posted on 07/14/2011 11:00:41 AM PDT by CSM (Keeper of the "Dave Ramsey Fan" ping list. FReepmail me if you want your beeber stuned.)
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To: Libloather; sickoflibs; Kaslin; stephenjohnbanker; DoughtyOne; calcowgirl; Gilbo_3; NFHale; Liz

24 posted on 07/14/2011 11:01:14 AM PDT by ding_dong_daddy_from_dumas (Budget sins can be fixed. Amnesty is irreversible.)
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To: Libloather
Here's what Jack Wheeler says [I certainly wish the house would do just this]:

To be specific, Mr. Obama lied when he threatened on July 12 that there wouldn't be enough money to send out Social Security checks on August 3 if the debt ceiling isn't raised.

The federal government receives more than $200 billion in tax revenue a month. Interest on federal debt per month is $29 billion. Social Security costs per month are about $49 billion. Medicare and Medicaid about $50 billion. Active duty military personnel and veterans programs some $2.9 billion each. Those monthly costs add up to around $134 billion - which leaves $66 billion per month left over.

The problem is - and get ready for this - the federal government is spending $108 billion more than it takes in every month now. The CBO estimates are that Washington spent $973 billion more, which means borrowed, than it received for the first nine months of FY2011. The Demagogues are digging the hole we're in $108 billion deeper every month - and they say the only way out is to keep digging and borrowing more!

I say no. I say this has to stop. Which is why I must admit I am keenly disappointed by my fellow Republicans in the House leadership, whom I feel have been suckered into a red herring trap on this.

They keep proposing ridiculous alternatives to Mr. Obama's impossibly destructive demand to raise both the debt ceiling and taxes - such as "entitlement reform," and agreeing to raise the debt ceiling by trillions right now in exchange for what Congressman Allen West appropriately terms "fairy dust" cuts in spending years from now.

I feel what they need to insist on is spending reform right now. As we saw in the numbers above, this requires the following actions by the House:

*Refusing to raise the debt ceiling. (Remember that only the House has the Constitutional authority to raise it, or indeed to authorize any and all spending by the federal government.)

*Specifying that the approximately $200 billion in monthly federal revenues be first spent as itemized above (debt interest payment, Social Security, et al).

*Negotiating with Mr. Obama on how the remaining some $66 billion in monthly revenues should be prioritized. This is the only discussion the House leadership should be having with Mr. Obama.

The discussion should go something like this. Mr. Obama, you've been spending $174 billion a month beyond the most essential priorities of debt service, Social Security, etc., and as of next month, you'll only have $66 billion. As Commander-in-Chief, a most basic responsibility of yours is to provide for the national defense, so a significant fraction of that $66 billion must go to the Pentagon. How do you propose to spend what's left, realizing that a majority of the House has to agree?

25 posted on 07/14/2011 11:01:39 AM PDT by shield (Rev 2:9 "Woe unto those who say they are Judah and are not, but are of the synaGOGue of Satan.")
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To: Libloather

The frustrating part for me is their formula for spreading lies.

Step 1: Tell the lie
Step 2: “some” of the public-at-large hear it
Step 3: Said public-at-large believe it and run in circles shouting the sky is falling
Step 4: The liar waits 1/2 day to a full day or more depending on expected external pressure to “fix” the statement
Step 5: The liar clarifies initial statement with a bullcrap patch to cover his flanks (not that the press would call them on it)
Step 6: Liar sees Step 3 and says mission accomplished


26 posted on 07/14/2011 11:02:55 AM PDT by RedCell (Honor thy Father (9/6/07) - Semper Fi / "...it is their duty, to throw off such government...")
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To: Qbert
I am sorry to say I live in Nevada, Dingy Harry, is just getting senile, and doing what he has always done, blabbing the usual Democratic B/S. He has been like a human tape recorder for so long he has even started to believe his own line of B/S/
27 posted on 07/14/2011 11:02:59 AM PDT by BooBoo1000 (The Mills of the Gods grind slow, but exceedingly fine.)
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To: Publius

From your keyboard to God’s monitor.


28 posted on 07/14/2011 11:04:33 AM PDT by Wordkraft
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To: Libloather

I’ll send mine back if it will keep the Republicans on track.


29 posted on 07/14/2011 11:05:35 AM PDT by Big_Harry (Ecc10:2 "A wise man's heart is at his right hand; but a fool's heart at his left")
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To: ding_dong_daddy_from_dumas

That is incredibly funny. Or is it?

What a mess. Thanks for the catch and providing it to us.


30 posted on 07/14/2011 11:06:56 AM PDT by DoughtyOne ( Obama, from "the Audacity of Hope" to the audacity of a dope... NOPE 2012)
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To: Libloather

he’s a liar. he said back in May that the debt ceiling has no bearing whatsoever on Social Security.


31 posted on 07/14/2011 11:07:09 AM PDT by Libertarian4Bush (if you voted for obama, I have no respect for you. you're either a loser or a sucker. sorry!)
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To: US Navy Vet
And Just WHAT does the LDS church say about LYING!?

It's OK if it's for the cause. Alternatively, just have a revelation.

32 posted on 07/14/2011 11:10:31 AM PDT by glorgau
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To: Dilbert San Diego

Mark Levin was making this same point last night.


33 posted on 07/14/2011 11:11:54 AM PDT by gov_bean_ counter (JMO but I reserve the right to be wrong...)
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To: Libloather
Remember, not only did you contribute to Social Security but your employer did too. It totaled 15% of your income before taxes. If you averaged only 30K over your working life, that’s close to $220,500.

If you calculate the future value of $4,500 per year (yours & your employer’s contribution) at a simple 5% (less than what the govt. pays on the money that it borrows), after 49 years of working (me) you’d have $892,919.98.

If you took out only 3% per year, you receive $26,787.60 per year and it would last better than 30 years, and that’s with no interest paid on that final amount on deposit!

If you bought an annuity and it paid 4% per year, you’d have a lifetime income of $2,976.40 per month.

The folks in Washington have pulled off a bigger Ponzi scheme than Bernie Madhoff ever had.

Entitlement my ass , I paid cash for my social security insurance!!!!

Just because they borrowed the money , doesn't make my benefits some kind of charity or handout !!

Harry Reid, et al, get Congressional benifits , aka. free healthcare , outrageous retirement packages , 67 paid holidays , three weeks paid vacation , unlimited paid sick days , now that's welfare , and they have the nerve to call my retirement an "entitlement".

SMOKEWAGON
34 posted on 07/14/2011 11:12:31 AM PDT by FrankR ("If you can't make them see the light, let them feel the heat." - R. Reagan)
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To: BooBoo1000
Too much reading of Cowboy Poetry can have a detrimental effect on the brain.
35 posted on 07/14/2011 11:13:03 AM PDT by JPG (Palin '12)
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To: BooBoo1000

I am sure you’re not one of those who voted for Dingy Harry ... that being said ... what the HE!! was Nevada thinking when the re-elected this “person”


36 posted on 07/14/2011 11:14:24 AM PDT by clamper1797 (Hoping to have some change left)
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To: Made In The USA

*The Democrat House*

I know you meant the Senate, but you wrote House...


37 posted on 07/14/2011 11:14:58 AM PDT by txrangerette ("...HOLD TO THE TRUTH; SPEAK WITHOUT FEAR." - Glenn Beck)
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To: glorgau

Sounds like Moslems. HUMMM???!!!


38 posted on 07/14/2011 11:16:20 AM PDT by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: RedCell

The problem with lying to the public that the sky is falling is that the sky must fall.


39 posted on 07/14/2011 11:20:31 AM PDT by grumpygresh (Democrats delenda est)
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To: Libloather

Happened to be sitting in a large med clinic waiting room in a military town when this went across the cable news chanel ticker. Two women went off on Obama immediately.


40 posted on 07/14/2011 11:22:01 AM PDT by KC Burke
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who died and made Harry Reid god????

The last time I check him out he was just another old man with dementia...collecting tax dollars as his paycheck.

We need to make sure that in 2012 the Senate turns over to Republicans so that for the remainder of his time he goes to the back of the bus...

41 posted on 07/14/2011 11:23:06 AM PDT by haircutter
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To: Libloather

From what I understand, there is zero connection between VA and SS benefits and the debt ceiling deal. Zero.

I know from my involvement in the Amercian Legion that the Advanced Appropriations Law that passed last year ensures that in the event of any government shutdown, all of the VA hospitals continue to operate, including all vendor payments, etc.

This is an ENORMOUS OPENING if the GOP wants to take advantage of it.

You hold a press conference, and you say, look, everyone in DC knows that checks going out to SS recipients and the debt ceiling have literally no connection to one another.

If Reid and Obama want to arbitrarily hold up checks, that would be VOLUNTARY on their part. It would be their choice, and not something that the law is forcing them to do.

I would reming the President, that the American people, and most notably the generations of Americans that can’t vote yet, are already his hostages. He’s mortgaging their futures to buy votes, and that’s been too much the case for both parties for the last 60 years.

There is no more road down which to kick the can. The age of debt limit increases has come to an end, and the President has a unique historical opportunity - he could be the President that brought America back from the brink.

His could be the first Presidency that ended the suicidal tradition of national death by slow insolvency. We are unworthy of world leadership if we can’t right our own ship first.

These cuts we are talking about would be a start, not an end, and even he admits that we can’t continue to operate like this, which is why this is so baffling to us.


42 posted on 07/14/2011 11:25:20 AM PDT by RinaseaofDs (Does beheading qualify as 'breaking my back', in the Jeffersonian sense of the expression?)
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To: RC2
SS brings in more money than it pays out...

Apparently, SS brings in about $50 billion per month, and has obligations for about $29 billion per month. Thus, the obligations can indeed be paid, leaving $21 billion for zer0's favorite planned parenthood abortions, PBS, ACORN or the like. Furthermore, SS merely sends the tapes with the check info to the Treasury dept (aka, Geitner/zer0). No question on whose doorstep any non-payment of SS resides.

43 posted on 07/14/2011 11:27:44 AM PDT by C210N (0bama, Making the US safe for Global Marxism)
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To: RummyChick
I would like to see this bluff called. I want to see the whole thing called...

It's being done right now. Watch for even more apocalyptic statements over the next two weeks.

44 posted on 07/14/2011 11:38:08 AM PDT by glorgau
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To: Libloather

I would like to see the Federal Government NOT send out Social Security checks 1 time.

Can you imagine?

Millions of people don’t get what they are promised. Every politician would be run out of the country.

I cannot imagine any thing scarier that millions of REALLY angry Americans coming to Washington with blood in their eyes.
But I would love to see it.


45 posted on 07/14/2011 11:38:43 AM PDT by jdietz (God is great, beer is good and people are crazy, (which is why guns are necessary))
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To: Girlene

“So, the dem’s are upping the ante. Time for the House to play their hand and pass the prioritized spending bill that puts defense, ss, and medicare as first to get paid.”

YUP.

And put in Reid’s hands and say - ‘here is your fix for that, Senator.’

We need to smoke out the scare tactics.


46 posted on 07/14/2011 11:48:20 AM PDT by WOSG (Herman Cain for President)
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To: Libloather

I heard something about the house introducing a bill to ensure that those checks will still go out. Don’t raise the debt limit, pass that bill and then challenge the Senate/WH to vote it down or veto it. Forcing the democrat party to take complete credit for not sending out checks will be a huge poison pill for them to swallow.


47 posted on 07/14/2011 11:48:34 AM PDT by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: ding_dong_daddy_from_dumas; Libloather; sickoflibs; Kaslin; DoughtyOne; calcowgirl; Gilbo_3; ...

For those of you who don’t know Hairy’s background, let me school you.

I used to own a mortgage company in the mid 1980’s, and my specialty back then was financing hotel-casinos. Several owners of those casinos knew Dingy. He was a “bag man” for all the mafia owned strip clubs, and dabbled in land deals with Joe Conforte.

A real low life.


48 posted on 07/14/2011 11:53:14 AM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Libloather
Senate Majority Leader Harry Reid says Social Security payments would stop if there is no deal to raise the government's borrowing limit by Aug. 2.

Harry Reid admits there is no Social Security Trust fund.

49 posted on 07/14/2011 12:00:53 PM PDT by PogySailor (The ruling class will not go down easily. And neither will their paid hacks.)
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To: jdietz

“I cannot imagine any thing scarier that millions of REALLY angry Americans coming to Washington with blood in their eyes.
But I would love to see it.”

I would too. It would be like a scene from “Night of the Living Dead.”

Old folks marching on DC with their walkers, or trailing their oxygen tanks, tubes sticking out of both nostrils.

A crush of old people in double knit polyester banging on the doors of the capitol with their canes.

Thousands of Lincolns, old Cadillacs, and Chryslers clogging DC, with thousands of other parked cars sideswiped and dinged.

Interstates and intersections clogged by cars driven by drivers that seemingly have two hands on the wheel, but no head.

Truly chilling.


50 posted on 07/14/2011 12:00:53 PM PDT by RinaseaofDs (Does beheading qualify as 'breaking my back', in the Jeffersonian sense of the expression?)
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