Join the Meeting Place for Moms!
Talk to other moms, share advice, and have fun!

(minimum 6 characters)

They say SS will not run out for 20+ years

If that is so then why did Obama say he couldn't guarantee those checks would go out in Aug as usual? The money is there. Did he mean he might prefer to use our S.S. money to pay for some of his wasteful programs? Maybe he was just lying to scare the old folks?

Answer Question
 
itsmesteph11

Asked by itsmesteph11 at 4:01 PM on Jul. 12, 2011 in Politics & Current Events

Level 39 (113,405 Credits)
Answers (17)
  • I think the ssi deducted should go into a personal trust fund, what you pay into it is what you have when you are eligible. This deduction should be mandatory.
    yesmaam

    Answer by yesmaam at 4:04 PM on Jul. 12, 2011

  • The money is there. Did he mean he might prefer to use our S.S. money to pay for some of his wasteful programs? Maybe he was just lying to scare the old folks?

    Yes and YES!!!
    DSamuels

    Answer by DSamuels at 4:09 PM on Jul. 12, 2011

  • WTF?? Fucking politicians. Don't you just LOVE the rich fat cats sitting in cushy government offices? And they claim to care about the people that gave them those cushy jobs! RIIIIIIIIGHT!

    What are people supposed to do if they don't send the checks out? Starve and go without needed medications??

    Of course, this could just be another one of their "scare tactics".
    SpiritedWitch

    Answer by SpiritedWitch at 4:10 PM on Jul. 12, 2011

  • The fact of the matter is that the money is not there. There will be no money to write any checks to anyone.
    xxlilmomma09

    Answer by xxlilmomma09 at 4:13 PM on Jul. 12, 2011

  • Because we have to pay our debt before we pay ourselves. If we don't raise the debt ceiling than current spending won't continue but we'll still be required to make our debt payments.
    UpSheRises

    Answer by UpSheRises at 4:17 PM on Jul. 12, 2011

  • Failing to lift the debt ceiling will not impact the issuance of social security checks. It's a scare tactic. Obama is counting on us not knowing any better.
    Mom2Just1Kiddo

    Answer by Mom2Just1Kiddo at 4:19 PM on Jul. 12, 2011

  • Because we have to pay our debt before we pay ourselves. If we don't raise the debt ceiling than current spending won't continue but we'll still be required to make our debt payments.


    *******************'


    Not true.  The debt will go into technical default.  The debt obligations are not senior to other government obligations.

    Mom2Just1Kiddo

    Answer by Mom2Just1Kiddo at 4:24 PM on Jul. 12, 2011

  • The SS fund is chock full of IOU's. And he is trying to promote fear to further his agenda. He wants to cut SS payments.
    Carpy

    Answer by Carpy at 4:26 PM on Jul. 12, 2011

  • Not true. The debt will go into technical default. The debt obligations are not senior to other government obligations.


    Answer by Mom2Just1Kiddo 3 minutes ago


    So true. Deficit spending is like using a credit card. If we don't up our credit limit then we don't have anymore money to spend on new thing. Interest will continue to accrue and quickly become unmanagable. We choose not to pay our debt obligations for 2 months in 1979 we our government played the same game and we are are still paying interest related to that choice. 


     

    UpSheRises

    Answer by UpSheRises at 4:31 PM on Jul. 12, 2011

  • Yeah I heard him say that.
    pookiekins34

    Answer by pookiekins34 at 4:35 PM on Jul. 12, 2011

Join CafeMom now to contribute your answer and become part of our community. It's free and takes just a minute.
close Join now to connect to
other members!
Connect with Facebook or Sign Up Using Email

Already Joined? LOG IN