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#1 |
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"Whoa Nellie"
Join Date: Mar 2009
Posts: 6,315
Adopt-a-Bronco: mellon head |
OBAMA THREATENS TO HOLD UP SOCIAL SECURITY AND VETERANS CHECKS
President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks. "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News. President Obama said "this is not just a matter of Social Security checks. These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out." I bet congress gets their payroll checks http://www.cbsnews.com/8301-503544_1...89-503544.html |
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#2 |
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Bleedin' orange!
Join Date: Dec 2002
Location: Mile High
Posts: 20,018
Adopt-a-Bronco: Howard Griffith |
I bet the T word will come up pretty quick. Time to rescind tax cuts and elliminate loopholes.
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#3 | |
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Ring of Famer
Join Date: Aug 2007
Posts: 5,766
Adopt-a-Bronco: None |
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#4 |
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Ring of Famer
Join Date: Jul 2008
Posts: 3,848
Adopt-a-Bronco: Von Doomacus |
I see you have picked up epic fails propensity of lying in thread titles. Congratulations you have now achieve Dickdom like your messed up leader.
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#5 | |
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Tebowing the long haul
Join Date: Apr 2004
Location: TX, USA
Posts: 37,072
Adopt-a-Bronco: Champ Bailey |
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Its hard to believe that a president of the united states would resort to that type of behavior. We have Chicagoland thuggery at work in the dadgum oval office. What the heck has happened to this country? First Bush takes a big dump on the nation, then Barack Obama shows up and hauls in manure from the butts of every third-world nation on the planet and dumps it on our people. Was it possible to be worse than Bush so soon? I didn't think it was possible, but Barack Obama has proved it to be true time and time again. At least 57 times. His "other Americans who don't agree with us are our enemies" administration has also managed to polarize the nation in a way it hasn't been since Civil War times. |
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#6 |
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"Whoa Nellie"
Join Date: Mar 2009
Posts: 6,315
Adopt-a-Bronco: mellon head |
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#7 |
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Ring of Famer
Join Date: Aug 2010
Posts: 1,501
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OP's CBS article includes a straight-forward threat by little-O to cut off SocialSecurity and Veteran's payments.
Despite little-O's threats, bandaid/pea-eater name-calling and childish tantrums, seems options other than his are being pursued. http://www.cbsnews.com/8301-503544_1...89-503544.html ~~ "I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Mr. Obama said ... "this is not just a matter of Social Security checks. These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out." ~~ "After years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is probably unattainable," (Mitch McConnell) said ... "The president has presented us with three choices: smoke and mirrors, tax hikes, or default. Republicans choose none of the above." Last edited by Boomhauer; 07-13-2011 at 02:22 AM.. |
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#8 |
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Rock-N-Roll Historian
Join Date: Nov 2002
Location: W.NY.B.C.
Posts: 21,300
Adopt-a-Bronco: Floyd Little |
The new American credo: "Compromise equals weakness"
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#9 |
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Ring of Famer
Join Date: Aug 2007
Posts: 5,766
Adopt-a-Bronco: None |
no. he is doing his job as president in informing the public of what may happen if reps force a default.
Last edited by peacepipe; 07-13-2011 at 04:59 AM.. |
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#10 |
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Ring of Famer
Join Date: Sep 2002
Posts: 16,312
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Blah blah blah...blame..blah blah blah..blame....
This thread is a perfect example why gold marches on..... http://www.monex.com/prods/gold_chart.html Carry on......... |
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#11 |
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~~~
Join Date: Feb 2006
Location: Earth Division
Posts: 19,594
Adopt-a-Bronco: Gilgamesh |
With the thread titles Pony Boy and Llama Humper put out there, you actually begin to question whether or not they read these articles.
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#12 | |
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Just hanging out.
Join Date: Aug 2005
Location: Denver
Posts: 11,072
Adopt-a-Bronco: The Team |
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One things is certain, if they default, that same bank's stock will plummet and borrowing again will be very expensive. |
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#13 |
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STOP!
Join Date: Dec 2002
Location: In a van down by the river
Posts: 10,983
Adopt-a-Bronco: Von Miller |
Obama just torpedoed his party's last bastion of hope with that stupid statement. Now, if I'm in the GOP, my only message becomes 'The GOP will protect Social Security from Obama's plan and recommendation to shred the program/fund so he can feed his spending addiction. Not on our watch.'
If you recall, the Dems have used that as their only real refuge as the throng of R's take their congressional seats. Well, Obama's moronic statement yesterday now throws this to the other side of the aisle. Brilliant tactician, our president. Couple that with the fact that, um, he's LYING, and this will not end well for he or his party, even with the media carrying his water. Smart power. |
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#14 | |
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www.dailydickpunch.com
Join Date: Feb 2009
Location: Steamboat Springs
Posts: 9,776
Adopt-a-Bronco: "Debo" Franklin |
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Good luck getting an extremist right-winger to take his place. Not going to happen. Sorry your social engineering experiments have landed on deaf ears. The Republicans painted themselves into a very tight corner by listening to the extreme wing of the party. Now, they have no room to maneuver.
__________________
Nobody puts Jay-bee in the corner. |
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#15 | |
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Bleedin' orange!
Join Date: Dec 2002
Location: Mile High
Posts: 20,018
Adopt-a-Bronco: Howard Griffith |
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Considering the GOPs habit of closing their eyes and ears to reality, this is actually a breath of fresh air. I'd rather face the truth (Obama)than to have someone constantly lie (BushCo) |
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#16 | |
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Ring of Famer
Join Date: Jul 2008
Posts: 3,848
Adopt-a-Bronco: Von Doomacus |
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#17 |
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Ring of Famer
Join Date: Dec 2002
Posts: 7,829
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Durrr...
Debt ceiling: Chaos if Congress blows it NEW YORK (CNNMoney) -- President Obama has put the country on notice that he can't guarantee Social Security and other government checks will go out if the debt ceiling isn't raised by Aug. 2. So it's worth reviewing just what the fallout could be if lawmakers fail to act on time -- either in early August or sooner if markets start to lose confidence that Congress will get its act together Nearly half of all government checks won't go out: The Treasury Department would be unable to pay between 40% and 45% of the 80 million payments it needs to make every month, according to an analysis by the Bipartisan Policy Center.Why? It's basic math: The United States doesn't bring in enough revenue to pay all its bills -- with monthly deficits averaging $125 billion. And if the debt ceiling isn't raised, Treasury won't be allowed to borrow new money to make up for the gap between revenue and spending. Bottom line: Roughly $125 billion of bills on average may have to be put off. Millions won't be paid: Just whose payments will be delayed is the question. And the answer won't come easy because any choice will hobble parts of the economy and anger large groups of Americans. Take Aug. 3 as an example. Treasury is due to send out checks to 29 million Social Security recipients. Of course, they may be paid but only if others are not. http://money.cnn.com/2011/07/13/news....htm?hpt=hp_c1 |
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#18 |
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"Whoa Nellie"
Join Date: Mar 2009
Posts: 6,315
Adopt-a-Bronco: mellon head |
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#19 |
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Bleedin' orange!
Join Date: Dec 2002
Location: Mile High
Posts: 20,018
Adopt-a-Bronco: Howard Griffith |
Damn, the repukes may have to address that pesky TAX the rich issue, or face the wrath.
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#20 |
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Ring of Famer
Join Date: Dec 2002
Posts: 7,829
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So Boner and Obama come up with a plan that is shunned by the repubs,then Boner says that he supports the plan laid out by Biden,which he publicly criticized last month, now mcconell wants to give obama power to increas ethe limit on his own. durrrr...
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#21 |
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Ring of Famer
Join Date: Sep 2002
Location: In the Tetons!
Posts: 19,313
Adopt-a-Bronco: WorrellWilliams |
this whole thing is so stupid its sad. Close the corporate tax loops, and cut spending. If the GOP wants to look good then lower the corporate tax rate to 30% but make sure all the tax loops are closed so the fed gov gets the entire 30%. I mean, how hard is the crap?? The dems have to cut aprox $4t is spending. Just do it.
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#22 | |
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Ring of Famer
Join Date: Sep 2006
Location: Who cares
Posts: 3,757
Adopt-a-Bronco: Jacob Tamme |
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#23 | |
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"Whoa Nellie"
Join Date: Mar 2009
Posts: 6,315
Adopt-a-Bronco: mellon head |
Quote:
Washington gets $200 billion a month, Social Security costs $50 billion a month, and Obama is threatening to starve Grandma? President Obama told CBS News today that he "cannot guarantee that those [Social Security] checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it." But wait just a minute. If Washington receives about $200 billion in monthly revenues and sends out roughly $50 billion worth of Social Security checks and the same amount of Medicare payments, why is Obama claiming the checks may not go out? Isn't $200 billion minus $100 billion still $100 billion? Because Obama is playing the demogogue, that's why. Pure and simple. He is trying to scare seniors into making panicked calls to their congressmen begging them to do whatever Obama and the Democrats want in order to keep the checks coming. This is demogoguery of the worst sort because Obama has to know that what he is saying is false. When you and I say something we know to be false, it's called a "lie." http://washingtonexaminer.com/blogs/...osts-50-billio |
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#24 | |
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Ring of Famer
Join Date: Sep 2006
Location: Who cares
Posts: 3,757
Adopt-a-Bronco: Jacob Tamme |
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It was a dumb thing to say, IMHO. |
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#25 |
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Ring of Famer
Join Date: Jun 2003
Posts: 3,901
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