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Hitting Debt Limit: What Bills Would Be Paid?

January 14, 2013

WASHINGTON (AP) —î In the summer of 2011, when a debt crisis like the current one loomed, President Barack Obama warned Republicans that older Americans might not get their Social Security checks......

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(9)

dyingov

Jan-14-13 7:26 AM

"According to the Bipartisan Policy Center, the federal government between Feb. 15 and March 15 will get $277 billion in revenue and face $452 billion in obligations."

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daWraith

Jan-14-13 7:40 AM

Dyingov, yep!

ITS THE SPENDING, STUPID!

You cannot tax and spend your way out of this disaster. GET A FRIGGEN CLUE, OPIE!

Simpson Bowles recommended $3 CUT for every $1 in new taxes.

Congress PASSED: 2.5 CENTS in cuts for every dollar in new revenue!!!!

MASSIVE EPIC FAIL!

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mikeyd

Jan-14-13 7:55 AM

that's one bummed out looking MR.potatohead.

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Triton

Jan-14-13 8:11 AM

There is level after level of government doing the same thing but the Federal agencies just keep growing and growing with less and less things to do. In WV we have county health depts, and then a state health dept and the Feds. Nearly all of the actual work is done by the county health depts but they are the least funded, with the Feds being huge and not doing much more than collecting statistics from county and state health depts. Its nearly the same in law enforcement, though there is a Federal role. The FBI follows local cops around looking for ways to justify their now huge budget. The Fed Gov bureaucracy looks for ways to justify their budgets so they make up duties, often being done by someone else and better. US Dept of Edu used to have 2500 employees, now has 60,000 and does not teach a class or operate a school. Agriculture same thing. The Fed Gov is larger than most people can even imagine and it costs each one of about half of what we earn with no real return.

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daWraith

Jan-14-13 12:29 PM

Triton, you got it.

And Obamacare creates FORTY NINE new departments with over 100,000 employees to administer it.

Another BLOATED empire that does NOTHING but waste taxpayer money.

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TrollSlayer

Jan-14-13 12:37 PM

“The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure,” he said. “It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies. … Leadership means that ‘the buck stops here.’ Instead, Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren. America has a debt and a failure of leadership. Americans deserve better. I therefore intend to oppose the effort to increase America’s debt limit.” - Senator Barack Obama, March 2006

Most expensive flip-flop in history. Failure of leadership, Barry. "Our children" deserve better. And yet, you're still President. Unreal.

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richardwhee

Jan-14-13 1:55 PM

Same old story! It's always a threat to cut Social Security, Medicate, Veterans, the elderly etc. Why not cut Welfare, Food Stamps, Unemployment and programs of this nature. There are literaly thousands of "Give Aways" that can be cut.

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ShempH

Jan-14-13 3:31 PM

I was reading that just by fighting welfare fraud, welfare would be reduced 40%, and that would equal billions a month (someone find that actual figure) Fighting welfare fraud would include drug testing and other sever measures, gun violence,drug dealing and other crimes that would take a person off welfare forever.

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TrollSlayer

Jan-14-13 9:26 PM

“The problem is, is that the way Bush has done it over the last eight years is to take out a credit card from the Bank of China in the name of our children, driving up our national debt from $5 trillion dollars for the first 42 presidents — number 43 added $4 trillion dollars by his lonesome, so that we now have over $9 trillion dollars of debt that we are going to have to pay back — $30,000 for every man, woman and child. That’s irresponsible. It’s unpatriotic.” Senator and Presidential Candidate Barry Obama, July 2008

Hey Barry, under your Administration the debt went up $6 TRILLION – more in 4 years under YOU than under Bush in 8 years. That’s irresponsible. It’s unpatriotic. YOUR WORDS, not mine, Barry. It’s the SPENDING, STUPID.

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