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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 ...

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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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 / " 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".

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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