Been a while since my last post but I’ve been following this debt ceiling/budget/tax revenue debacle and wanted to throw some items out there.
Obama said he was not sure if Social Security checks would go out if we didn’t raise the debt limit, right? First, isn’t Social Security supposed to be a trust fund? The way it’s supposed to work is the money gets taken out of your check, put in a trust fund and then when you retire you collect. Oh that’s right, our federal government has raided the trust fund to pay for everything else. So much for the “lock-box”. Secondly, we’ve heard the Democrats say over and over again that Social Security is sound. If that’s true, why would there be any problem with Social Security checks if we don’t raise the debt ceiling? That’s the problem with telling so many lies. Eventually you can’t keep them all straight.
I’ve also seen the attack ads on Paul Ryan’s budget plan saying that granny would be pushed over a cliff in her wheel chair. First, see the above. Secondly, Ryan’s plan would only affect people who are still 10 years away from retirement. Nobody currently drawing would see any changes, at all.
Moody’s is the big ratings agency that has put the U.S. on watch for a possible downgrade, which would dramatically increase the interest we would have to pay on our debt, causing even more deficit. Is this the same Moody’s that gave Behr-Stearns, Lehman Brothers, Fannie-Mae, Freddie-Mac and virtually every mortgage derivative scam out there a triple aaa rating right up until the financial melt-down of 2008? Just asking.
The monied, political, elite ruling class is doing nothing but covering there ass. We the people need to cut them off and force them to control spending. Not that I’m a huge fan, but Ron Paul made a great point on the House floor the other day. About $1.5 trillion of our debt is held by the Federal Reserve because of the QE1 and QE2, the programs wherein the Fed bought up treasury notes by basically just printing enough money to do it. Keep in mind the Fed is just a bunch of private bankers. Paul’s solution was to write that debt off. Call it even with the Fed and start from scratch. Maybe to simplistic, but not a bad idea, huh?
Democrats know beyond all doubt that Social Security and Medicare must be reformed to remain solvent for future generations. But they’ve ignored that fact since Obama got elected and instead focused on creating yet another unfunded soon to be insolvent entitlement, Obamacare. We just don’t have enough “evil” rich people to tax. Even with a massive tax increase on all of us we still won’t come close to living up to the financial commitments in Social Security, Medicare, Obamacare and our debt obligations.
The fraud being perpetrated by the Democrats on America is, they don’t want a leaner more efficient government. If they did why not support a balance budget amendment. 74% of the nation wants it. The other 23% are Democrats.