Comments on: If debt ceiling reached, what bills won’t be paid?

By: Jon

Jon — Tue, 15 Jan 2013 00:57:33 +0000

There is an interesting bug in Social Security payments, in that those who get the most are those who need it the least.

If they’ve had high-paying jobs all their lives, they’ve paid in huge amounts and expect back huge amounts, but they’re also the class most likely to have significant other assets to provide for their own retirement.

Those who’ve slaved away at low-wage jobs all their lives have never had the opportunity to acquire assets, and are still, even in retirement, living from check to check…

By: Pondering_It_All

Pondering_It_All — Mon, 14 Jan 2013 22:12:36 +0000

Maybe the best plan is to suspend all government support payments to businesses, and defer payment of Social Security check amounts over say $700/month. Poor retired folks and the disabled who are very dependent on their Social Security checks would still be getting some money (maybe even full payment), but businesses and richer retired folks would be raising a ruckus for their Representatives in the House to act immediately.

There are a lot of retired people who vote a straight Republican ticket, though Republican ideas are not in their long-term financial interest. When long-term changes to short-term, they may just change their minds about that.

By: Willie Buck Merle

Willie Buck Merle — Mon, 14 Jan 2013 18:18:18 +0000

“No doubt this is a political ploy on the part of President Obama to hold the nation’s fiscal creditably hostage in order to get his way for yet more taxes and spending.”

Jeebus. You know who else was misunderstood… HITLER!

By: Keith

Keith — Mon, 14 Jan 2013 13:02:41 +0000

“It (i.e.The Obama Administration) has rejected recommendations that it invoke a provision in the 14th Amendment to the Constitution that states that “the validity of the public debt of the United States … shall not be questioned.”

No doubt this is a political ploy on the part of President Obama to hold the nation’s fiscal creditably hostage in order to get his way for yet more taxes and spending.

On the other hand, to say that “the validity of the public debt of the United States shall not be questioned” begs the obvious question:

“By whom”?

Clearly, the REST of the world is not bound by the US Constitution and, therefore have every right to “question” the USA’s ability to pay its bills.

And that credibility is sinking ever lower as the rest of the world looks on in amazement at the circus that our government funding process in the United States has now become.