Saturday, July 16, 2011

Worst Case Scenario?

The brain trust that is the Ragister editorial board went on an ignore rant today about the debt ceiling.

We need to ignore disaster scenario deniers

The Ragister tells readers(?) that legislation Congressman Steve King is pushing, setting priorities for which payments are made first, with interest on the national debt and pay for members of the U.S. military at the top of the list, means that almost no other obligations of the federal government could be fully paid for.


As I pointed out, Tell The Truth, August revenues will total $172.4 Billion and after paying the debt interest, Social Security, Medicare and Medicaid, Active duty military pay and Veterans affairs progams, the federal government will have $38.4 Billion still to spend.

The Ragister is worried about salaries for members of Congress, to which I say

And the scientific community is united in that fact.

Obama, Biden and the unidentified Obama staff members who owe the Internal Revenue Service $831,000 in back taxes should forget about being paid too!

While we're at it, cancel that trip to Chicago for your 50th birthday -- LAME-O!

Back to the Ragister, they say it is not fear-mongering to say there would be no money to pay employees to process Social Security and Medicare checks, even if a stream of revenue could be protected for those entitlements (See previous revenue scenario paragraph).

There's another crisis that Obama and the Dummycrats don't want to deal with.

Debt crisis punctures Social Security Trust Fund myth

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?


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