To: Alas Babylon!
Candy is actually treating Lew the way we would expect her to treat a Republican. Interesting to watch.
He has a catch phrase: “if we don’t pay our bills, we are in default” and slides social security checks into this equation.
posted on 10/06/2013 6:07:18 AM PDT
( Why deal with the Constitution? Its written in cursive.)
and slides social security checks into this equation.
Whatever the topic, they just dust off the same ole rhetoric, the same ole scare tactics, they have been using for years.
It is like watching a long-running TV series: Eventually, they run out of new plotlines, so they rehash previous plotlines -- with slight variations to make it appear to be fresh.
posted on 10/06/2013 6:15:57 AM PDT
We can't go into default unless we choose to. We pay $415 billion a year in debt servicing costs, but we receive $2.7 trillion in revenue annually.
Nancy Pelosi says SS does not contribute to the deficit. We have $2.4 trillion in the SS Trust Fund. The Administration will have to admit that SS is an unfunded liability and that we need to borrow money to pay benefits.
posted on 10/06/2013 6:16:01 AM PDT
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