Skip to comments.Troops' Next Paycheck Disappears if U.S. Defaults
Posted on 10/15/2013 5:30:04 AM PDT by BulletBobCo
The troops will get paid on Tuesday, but the check after that could come in the form of an IOU if the nation defaults on its debt obligations, Treasury Department officials said.
Default on top of the government shutdown would cancel out the hastily-crafted legislation that brought back furloughed Defense Department civilian employees and allowed for the payment of back pay, death benefits, incentive pays, re-enlistment bonuses, veterans disability benefits and survivor benefits.
All would be eliminated if Congress and the White House fail to reach agreement on raising the debt ceiling to avoid default on Oct. 17, Treasury Secretary Jack Lew said last week.
"The United States should not be put in a position of making such perilous choices for our economy and our citizens," Lew said in testimony to the Senate Finance Committee.
A military coalition of 33 veterans' service organizations representing 5.5 million members planned to hold a rally Tuesday at the National World War II Memorial to protest the looming threat of payless paydays for the troops and cutoffs of disability and survivor benefits.
"It's all because of failed elected leadership in Washington who would rather tell you who's to blame than fix the problem," William A. Thien, national commander of the Veterans of Foreign Wars, said in a statement.
Working against the Oct. 17 deadline, Senate Republicans and Democrats were reportedly close to a deal on lifting the debt ceiling and ending the government shutdown. However, there was no guarantee the compromise would be accepted by the House.
Defense budget analysts said that the immediate problems of default and the shutdown masked the long-term challenges of getting a budget for the military passed by Congress that will include planning for the spending cuts imposed by the sequestration process.
(Excerpt) Read more at military.com ...
If we had money to pay all our bills then the government wouldn't be running a deficit.
Only the military can do it.
I nominate the Marines Corps
If the president was not black and his wife and kids Gibme dat’ers, he would have forgone his paycheck long ago.
But that will never happen
Is it May yet?
No, we're borrowing about a thirds of it. Two thirds of the budget is non-descretionary spending and by law has to be paid. Defense is considered descretionary and will get any money that is left over. If there even is any.
Which he may very well do.
With the latest revelations from Larry Nichols verifying the Democrat political mass murders, there is more than enough evidence to take the left down and drop them in dungeons, and then start processing for executions.
That was my point :)
We aren’t in a surplus so unfortunately tax revenue does not pay all the bills, even in a sequestration environment.
Let's hope there is a default. Second... It won't matter if we default or not. The military WILL BE PAID! Obomba has no control over that. As for your "Fricking fear mongers!!!" statement... That's an understatement to say the least.
Never happen. The military are about the only organization left in Washington that actually respects the Constitution.
SOMEONE needs to reestablish Constitutional control of this country again.
To be honest I am not interested in being ruled by conservatives any more than I am by liberals. Each group answers problems with more laws and govt. The response I get when I post this is, “But our laws are better.” Think about that response.
If they fail to make the payments then Congress should issue an arrest warrant for Jack Lew —
and not one media outlet has asked who ordered those barry cades up again
Photos from last week:
Sorry, but God is not the only someone. All I can think of is the joke with the punchline, “I sent two boats and a helicopter!” or the one that ends “Meet me halfway - buy a ticket!”
If man does not act in the name of God, man will act in the name of Satan.
(Disclaimer: God’s plan ultimately results in the BEST possible outcome, but it does not become so with a completely passive mankind. Nor does the best final outcome IN THE END mean there is not some evil that must be overcome along the way. My two cents.)
The paymaster said “sorry, because of no budget in Washington, we can't pay you now. We'll mail it to you as soon as Congress approves it. At least you have your plane tickets.” LOL, no we didn't. I have a photo of my buddy Phil at the Western Union office getting money wired from home so we could buy gas & food for the trip home to NY from Florida.
Ever seen the movie from the 60’s called “Seven Days in May”?
liars liars liars...senate has a bill before from the budget responsible house which authorizes the pay for military...dummie, commie, POS muslim liars!!!!!!!!!