Posted on 07/25/2011 1:53:10 PM PDT by newzjunkey
The Dollar is dropping since The WON spoke.
Peter Barnes (FBN) on Greta saying Asian markets are up right now because they believe US will not default oe have a downgrade.
Lookin’ like even Coburn is backing Boehner on this. Well now.
No.
vice president is first in line.
then boner of the House
The strategy is not a secret: the debt ceiling is extended by 1T and a panel is set up to deign the 1.7T cuts the pResident agrees to. If barry and the bastard democrats do not follow through with the cuts, it is exposed and they lose bigtime in 2012, White Hut, Senate seats, more House seats. If the democrats do work together for the cvuts to go into effect as agreed, the nation benefits and starting in 2013 WE THE PEOPLE hold the pubbies widdle feet to the cut, cap, and balance work our Republic must have in order to survive.
The star lives about 35 miles from me near Franklin, TN. He opened a big store in west Nashville.
Yeah, I don’t get the tats. And they do act gay! lol
My wife told me he’s married and has like 400 kids or something! ;-)
And just so every one is clear, the number of weords I took to describe the strategy is far more than barry bassturd’s constituency can follow and comprehend. The sheeple of o’barry have very picked fleece
Um, not exactly.
That “Trust” fund is filled with IOUs called treasury securities. When SS payments exceed SS taxes (as they are doing now), the “Trust” fund has to redeem an IOU. When it presents the Treasury with a security to be redeemed, the Treasury must pay it. That payment comes out of the General Fund, which is why Obama said there may not be enough money to mail out checks.
Where did the $2Trillion go? When SS taxes come in, the “Trust” fund either pays current recipients, or buys Treasury securities with the excess funds collected. The Fund gets the IOU in return for giving the Treasury the cash. What does the Treasury do with the cash? It spends it, on “stimulus”, high-speed trains to nowhere, etc.
At least that is how I understand it - YMMV
True...I knew he’d be spouting all the same o talking points....he’ll never be out of campaign mode, that’s all he knows and it isn’t working as Pres. he’s worse than over his head. Besides his lies are catching up with him...he’s having to tell more to cover the ones he told before.
But Boehner did great tonight, a real statesman and stood firm. Sure am hoping to see more of that....will be interesting to see what plan ol’Reid is humping together at the last hour...
Lay down with rats and get up with fleece. Yes?
To continue -
The big news about Obama’s scaring the seniors is that it is an explicit confirmation that the “Trust” fund has always been a LIE. Now, as boomers retire, the SS will consume larger and larger parts of the government budget, and/or drive increased deficit spending.
Sorry to pee on your parade, but that’s the way it is.
Haha, Cavuto's great.
BTW, I know a farm in Cohutta Georgia where the pickers could spend a week and be in picker heaven! ... I enjoy that show, for some odd reason.
It does; listening now. Missed her interview with DeMint in the previous hour. Set to record again.
Also, good for West; that was an interesting article you linked.
http://www.freerepublic.com/focus/f-news/2753863/posts
MSNBC’s Martin Bashir Slams ‘Right-Wing Nutters’ as ‘Biggest Threat’ to Global Financial System
By Alex Fitzsimmons | July 25, 2011 | 17:09
Quoting a British politician who claimed “right-wing nutters” pose the most serious threat to the international financial system, MSNBC’s Martin Bashir asked his conservative guest on Monday: “He’s right, isn’t he?”
Ex-Newsweek Editor Howard Fineman Slams: Tea Partiers Are Creating a ‘Slow Motion Secession’
By: Scott Whitlock | July 25, 2011 | 17:59
Former Newsweek editor Howard Fineman on Monday berated Tea Partiers for engineering a “slow motion succession” in relation to the budget impasse in Congress.
Yep for sure! And Obama is scared crapless about that. Look how Palin eliminated them and yet she still got traction. I think the radio hosts could carry any important issue as this when the democrates are up to no good. And God bless Rush for putting Boehner on!
Brilliant!
After several challenges with server response, I finally got through to my state senators — had to settle on using e-mail.
CNN’s John Avlon Blasts Tea Party Congressmen for ‘Demagoguing’ the Debt
By: Matt Hadro | July 25, 2011 | 16:56
Once again, Tea Party-critic John Avlon took aim at “hyper-partisanship” in Congress but focused the blame squarely on House Republicans while saving a tiny bit of blame for Democrats. In a July 25 op-ed for CNN.com, he hit Republicans for walking away from a generous deal by President Obama to settle the debt ceiling debate.
But the swap does not incur any new debt, so the money is there to pay it. The money in the trust fund is money that was already borrowed and is included in the current national debt, so if the treasuries are cashed there is no increase in the debt. The Treasury has 2 trillion dollars of money that it can use to pay social security without increasing the national debt by even one penny.
This is why Obama is a bald faced liar. He knows it. Geithner knows it. Everyone in his administration knows that issuing checks to social security will not increase the debt and therefore the checks must go out. Their threat to old people is a despicable lie.
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