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Was the tyranny of government exposed when Obama said the government would not pay Social Security if the debt?
ceiling wasn't raised? The servicing on the national debt is only 15% of the $170+ billion dollars raised in taxes each month. Many Seniors, military personnel, and vets are dependent on those checks. Do you believe the government should dangle the money people need in front of their faces so they bend to their political will? Is that the country you want to live in?
9 Answers
- El TecoloteLv 710 years agoFavorite Answer
Social Security funding is physically garnished from our paychecks and added up under a specific column on our check stubs. Therefore, it should remain perfectly untouched by anything having to do with the nation's debt. It shouldn't even be on the table for cuts, or for the President's use as leverage to get his political way.
But... see what happens when people trust the government with their money? It gets used in unintended ways.
- whoyeahLv 710 years ago
Not right away but soon we would not be able to pay that bill either.
By the end of the debt-ceiling negotiations, the Obama administration had agreed to a deal that would reduce the deficit by $2.4 trillion, with $2 trillion of the total coming from spending cuts and $400 billion coming from tax increases. Taxes, in other words, would be about 17 percent of the final deal. Republicans rejected it. But as little as four months ago, it was the Republican ideal.
So when the GOP’s economic policy team sat down to make the strongest case they could for growth-inducing deficit reduction, they recommended a mix an 85:15 mix, not a 100:0 mix. And then, when the Obama administration agreed to an 83:17 mix, the Republican leadership walked out of the room and demanded that taxes be excluded from the deal altogether. How do you negotiate with that?
- ?Lv 510 years ago
Well if the debt ceiling wasn't raised the country would default on its debts the dollar would crash and the effects would probably result in a world wide depression and no one would be willing to lend to the US again for a very long time (or atleast not on decent terms). So if that was the case there really would be no money for social security.
Both party's know the debt ceiling has to be raised, they're just both also trying to exploit it for their own political gains putting the party before the country.
- The TaxpayerLv 710 years ago
It answers the question. Despite the flowing rhetoric of love, compassion, and caring; does the government serve the people or does it serve itself. No talk of cutting government pensions or perks or even any of the bureaucratic layers anywhere. The message is that the services to the people will be cut and/or stopped. The bureaucracy will be unaffected including COLA's (Cost of living increases).
No real surprise here.
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- Anonymous10 years ago
Would he have gotten the same reaction had he said he must end all foreign aid until the debt ceiling is raised?
- Anonymous10 years ago
He lied. Anyone getting Social Security now will get their benefits by law. The military will also get paid. Discretionary spending and the welfare recipients will suffer. There will be enough in collections for Social Security because most of it comes from collections by payroll deductions on working people.
- Anonymous10 years ago
Cons/Reps claim to know how the economy works . You tell me then How Social Security would be paid with out raising the ceiling .
edit : I actually Do agree with Tecolate this time : )
- BillLv 710 years ago
no, the tyranny of gov was exposed when Obama invaded Libya because the UN said to. now he doesn't have any money for our elderly. maybe we should stop giving our money to the UN to make up this shortfall.
- isurvivedLv 710 years ago
Not at all.
Not taxes no payouts.
If you can't raise taxes, everyone loves their tax breaks, there is no money to pay out.
If you can't raise the debt ceiling, then there is no money to pay out.
People are getting what they want, no they have to pay for it.