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The GOP is trying to kill old people again!


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..Obama ‘cannot guarantee’ benefits checks will be paid if debt deal isn’t reached

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.By Holly Bailey

Senior Political Reporter

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President Obama warned Tuesday that retirees might not receive their Social Security checks next month if lawmakers fail to reach an agreement on how to reduce the federal debt.

"I cannot guarantee that those checks go out on Aug. 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Obama told CBS's Scott Pelley in an interview set to air tonight on the CBS Evening News.

Roughly $20 billion in Social Security checks are set to be mailed out on Aug. 3--a day after the Treasury Department says the U.S. will begin defaulting on its financial obligations unless the debt ceiling is raised.

But the president cautioned that it's more than just Social Security checks that could be affected. "These are veterans' checks. These are folks on disability," Obama said, according to excerpts released by CBS News. "There are about 70 million checks that go out."

You can watch an excerpt of the interview here, courtesy CBS News.

The president's comments come a day after he warned of dire financial consequences should Republicans and Democrats fail to come to an agreement on raising the debt ceiling and paying down the deficit. In a press conference yesterday, Obama said if Republicans fail to compromise on a debt deal that it could "throw millions of more people out of work."

Obama and congressional leaders are set to meet again later today as the two sides continue to bicker over the debt ceiling and how to shore up the nation's dire fiscal state. The White House is pressing for an agreement by July 22nd--a little over a week before Aug. 2, the date when Treasury officials say the U.S. will hit its debt limit.

The president said Monday he wants a large scale agreement that will tackle both the debt ceiling and deficit reduction until after the 2012 elections. He insisted he will veto any short-term, stop-gap measure aimed at continuing the debate. But Republicans have signaled they won't accept a deal that could result in a tax increase and are now pressing for either a smaller agreement, focusing just on the debt ceiling, or a measure that possibly includes the repeal of Obama's health care plan.

On Tuesday, Senate GOP leader Mitch McConnell said he believes it's unlikely a deal to fix to the nation's deficit problems will be reached until Obama leaves office because the administration has expressed a "fundamental unwillingness" to agree to major spending cuts.

"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 unattainable," McConnell said in a Senate floor speech.

My question is this: If the debt ceiling is not raised and we cannot borrow as much as we want to, then who will decide how to spend the money that we have coming in? What a fearmonger Obama is! Please.

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This is why:

Dems: We couldn’t attack Republicans if we agree to Medicare cuts

By Alex Pappas - The Daily Caller 11:12 AM 07/12/2011 Democrats are worried that they could ruin their ability to attack Republicans in 2012 on Medicare if members of the party agree to cut benefits in a debt reduction deal.

This has been a recent topic of concern among liberal lawmakers involved in electing Democrats, according to a report from Washington Post liberal blogger Greg Sargent. (DEAL NOW, SPEND LATER: Obama urging debt agreement now to pave way for future ‘investments’)

“We shouldn’t be giving away our advantage on Medicare,” said a Democratic source familiar with Democratic Senatorial Congressional Committee Chairwoman Patty Murray’s private discussions, according to the report. “We should be very careful about giving away the biggest advantage we’ve had as Democrats in some time.”

“For the first time in the past two and a half years we have an unmitigated advantage on a single issue where our entire caucus is united,” that source told Sargent. “This is a case where the whole morale of our party was lifted by the fact that we were taking the fight to Republicans.”

Contacted by The Daily Caller, Matt Canter, a spokesman for the DSCC, declined to comment on the report, but referenced the Democratic attack line against the GOP, saying, “Voters will know that Republicans are the ones who’ve tried to end Medicare entirely and force seniors to pay an average of $6,000 more out of pocket.”

Sargent also reported that other liberals — including New York Sen. Chuck Schumer, Michigan Sen. Debbie Stabenow and Alaska Sen. Mark Begich — have also “privately expressed frustration that deep Medicare cuts risk squandering the major political advantage Democrats have built up on the issue.”

“Schumer has consistently expressed the most concern,” another source told Sargent. “Schumer has been on this bandwagon for weeks.”

Republicans are asking for Medicare cuts as part of a deal to raise the debt ceiling, but the White House has rejected those demands as the GOP won’t agree to supporting tax increases.

Read more: http://dailycaller.com/2011/07/12/dems-we-couldnt-attack-republicans-if-we-agree-to-medicare-cuts/#ixzz1RvoSh1wJ

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If republicans refuse to budge on taxes then why should democrats budge on Medicare. If they both budge, then I'm fine with that but it should be a compromise. And please save the, it isn't a revenue problem. It may not have been that got us here, but go listen to Dave Ramsey because he encourages those in debt to get a second job as they drastically cut spending. It wasn't revenue for them either, but the revenue helps.

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If republicans refuse to budge on taxes then why should democrats budge on Medicare. If they both budge, then I'm fine with that but it should be a compromise. And please save the, it isn't a revenue problem. It may not have been that got us here, but go listen to Dave Ramsey because he encourages those in debt to get a second job as they drastically cut spending. It wasn't revenue for them either, but the revenue helps.

Because we have a spending problem, not a revenue raising problem? ( Yeah, sorry, but I'm gonna point out the facts, no matter how much you don't want to hear 'em )

Because there's no reason for the GOP to budge here ?

( Oh, that's right. The GOP stands for - GET OLD PEOPLE ! )

Obama himself said that raising taxes would stunt the economy, just this past December. 6 x's when the debt limit was raised, there were no call to raise taxes. So why do it now ?

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If republicans refuse to budge on taxes then why should democrats budge on Medicare. If they both budge, then I'm fine with that but it should be a compromise. And please save the, it isn't a revenue problem. It may not have been that got us here, but go listen to Dave Ramsey because he encourages those in debt to get a second job as they drastically cut spending. It wasn't revenue for them either, but the revenue helps.

I agree with you partly because Dave Ramsey is a smart guy and if you get the second job, the revenue will help you. BUT...Small problem, IF you give these politicians ANY more revenue, they WILL spend it. Dave would save it but politicians won't. That is why you cannot give them more revenue (ie taxes increases). They can't be trusted with that extra money. They have forever proven they are not reliable enough to follow through with a promise to cut spending.

If you could give me a national sales tax, 1% on every dollar spent for any reason, by law dedicated to the national debt, and make it impossible for politicians to get it, I am okay with that. But it has to come with a balanced budget (no deficits ever) or it won't work.

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If republicans refuse to budge on taxes then why should democrats budge on Medicare. If they both budge, then I'm fine with that but it should be a compromise. And please save the, it isn't a revenue problem. It may not have been that got us here, but go listen to Dave Ramsey because he encourages those in debt to get a second job as they drastically cut spending. It wasn't revenue for them either, but the revenue helps.

Because we have a spending problem, not a too-low-taxes problem.

The Republicans should budge on defense spending and the democrats should budge on welfare spending.

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If republicans refuse to budge on taxes then why should democrats budge on Medicare. If they both budge, then I'm fine with that but it should be a compromise. And please save the, it isn't a revenue problem. It may not have been that got us here, but go listen to Dave Ramsey because he encourages those in debt to get a second job as they drastically cut spending. It wasn't revenue for them either, but the revenue helps.

Check this out.

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If republicans refuse to budge on taxes then why should democrats budge on Medicare. If they both budge, then I'm fine with that but it should be a compromise. And please save the, it isn't a revenue problem. It may not have been that got us here, but go listen to Dave Ramsey because he encourages those in debt to get a second job as they drastically cut spending. It wasn't revenue for them either, but the revenue helps.

I'm fed up with Democrats. If I was in Congress I'd vote to increase the debt ceiling without any attachments.

It really doesn't matter what Republicans do anyway because Democrats are just going to blame them no matter what they do. Once the debt ceiling is raised Republicans just need to get out of the way and let Democrats fix everything.

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Debt crisis punctures Social Security Trust Fund myth

By:Examiner Editorial | 07/14/11 8:05 PM[/url]"I cannot guarantee that those checks go out on August 3rd," President Obama warned CBS Evening News viewers about Social Security Tuesday night. "There may simply not be the money in the coffers to do it." But how can that be? Haven't Washington's professional politicians been telling us for decades that Social Security is in no danger of bankruptcy because of those trillions of dollars supposedly just sitting there in the Social Security Trust Fund? Why can't Obama use the money in the trust fund to cover the Social Security checks due to be sent out Aug. 3?The reality is that the Social Security Trust Fund is, and always has been, an accounting fiction. For almost all of Social Security's history, the amount of money the program received from payroll taxes has exceeded the amount of money it paid out in benefits. The excess revenues, by law, are "invested" in special-issue, nonmarketable Treasury bonds. These bonds are marked on the government's balance sheet as "assets" of the Social Security program, but they are also counted as debts owed by the U.S. government. In fact, $2.6 trillion of our $14.3 trillion debt consists of bonds owed to the Social Security Trust Fund.

So what did the professional politicians in both parties do with the trillions of dollars lent to it by Social Security over the years? They spent it. That money is long gone. In order to pay off its Social Security obligations and fund benefit payments, the federal government must either use general tax revenue or borrow more money. The latter option, however, will soon no longer be available, thanks to the debt ceiling crisis.

In past years, the Social Security system was a net positive for our nation's bottom line. It almost always took in more money than it paid out. Not anymore. Thanks to the recession, Obama's payroll tax holiday, and the flood of retiring baby boomers, Social Security has become a net contributor to our federal deficits. According to the Social Security Board of Trustees' 2011 annual report, Social Security added $49 billion to last year's budget deficit and is projected to add another $46 billion to this year's deficit. Those numbers will only get bigger.

So will the U.S. Treasury have enough money to cover Social Security checks that are supposed to go out Aug. 3? American taxpayers will dispatch an estimated $200 billion to the Treasury in August. Instead of scaring millions of American seniors, Obama could simply instruct his Treasury secretary to pay Social Security benefits from that $200 billion. But Obama won't do that because he would rather use the prospect of no Social Security checks to scare seniors into pressuring Republicans to raise taxes. There is a word for that: demagoguery.

Read more at the Washington Examiner: http://washingtonexaminer.com/opinion/2011/07/debt-crisis-punctures-social-security-trust-fund-myth#ixzz1SGtYirUc

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