-Weekly tax revenue is currently adequate to pay Social Security checks, our Debt Payments, and Medicare payments in full with some money left over. But we cannot fund our entire federal government with all the military, federal programs, federal officials etc, so we have to decide who gets the money.
Obama and Tim Geitner will decide who gets the money.
So if no deal is made did you know Obama will decide if America defaults? and if SS checks go out etc?We currently take in approx. 2.2 trillion dollars in tax revenue per year. Even if the debt ceiling is not raised we will have enough to pay the interest on the debt, social security, medicare, medicaid, veterans care and the military. After that we would still have hundreds of billions left over. Obama is just fear mongering because he has no plan of his own. If any of these things don't get paid it is because Obama decided they are less important than some of his wasteful liberal programs such as the department of education. We don't have a revenue problem in this country. We have a spending problem.Friday, July 29th of the year 2011, the Senate leadership shelved the bills that had been passed in the House. Then these nincomepoops came forth and proclaimed that the Democrats would solve the problem by passing a bill -- that hasn't been too well thought out -- that incorporates magical phrases and magical plots that solves the problem for all time. Of course, it won't work if those pesky Republicans filibuster their magical plan to save the American economy.
Do you get the feeling that what the Democrats really want is a "one party government" that has the people's interest in mind every time those Democrats in Congress and that Democrat in the White House says it is so?
Sure, if we default we can still pay some of our bills....but I wouldn't abandon our seniors who have paid into the system, and I wouldn't abandon our Veterans who fought and sacrificed for this nation, and I wouldn't abandon our current military putting their lives on the line.
And that's the problem.
Without a debt ceiling increase, we can't pay for ALL of the necessities that were promised to people who truly need them.
Alright, so you're advocating leaving active duty military without pay, closing down VA hospitals and having planes in the air without traffic controllers to help them take off and land?
"Obama and Tim Geitner will decide who gets the money."
And therein lies the problem.
Two fools in charge of the store
...it not when we defult it when we get downgraded
if that happens that means loans will go up in price and companies get downgraded
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