Hope Social Security isn't messed up!

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With news of SSI checks not going out in August and medicare and medicaid and pell grants maybe being affected this affects me in a HUGE WAY! I don't know what I'd DO!! !! ! My medical supplies are hundreds a month without Medicaid insurance!! ! and SSI is how I live outside of pell grants for college so with that gone too I HAVE NOTHING!! ! I'm in tears!! !! I hope nothing messes with any of this stuff!! !! ! College is a special interest very deeply ingrained into my brain even! Without it I was a wreck those 5 years after the suspension. I'm back in college so YA but losing it again I DON'T KNOW WHAT I'D DO!! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !! !! ! I can't function at a regular job besides the job market being s**t!! !! Going off of what I've read on Asperger's and Dr. Attwoods Guide to Asperger's Syndrome I'd IMO say to an extent (no offense) I'm kind of "low functioning" from an AS view not Autism view. (sorry to offend) I state this since from everything I've read on AS I tend to make mistakes 5-7 year olds would make and I'm 25 which is why I'd say I'm "low functioning." I'm so upset!

Write Obama and tell him not to insist on raising taxes.

hey z-girl........these political hacks are trying to frighten everyone by describing dooms-day scenarios. it's just to make themselves seem all powerful and the most important things in the universe. they're terrible humans.

most likely nothing will change for you right away. no matter what, there's nothing you can do about it.

things will start to change gradually. right now the government is spending 4.5 dollars for every 3 they take in.
no-one can keep going that way. the gov't cannot do it either. it's insane.

hang in there and get back in school if you're not there now. it's the best thing you can do for yourself.

The Republicans have already proposed a backup plan. It would be political suicide for either the Republicans or Democrats to allow this to happen; they know it, so they quickly responded to calm fears.

http://www.kansascity.com/2011/07/12/3010519/sen-mcconnell-offers-backup-plan.html

If Obama lets social security payments lapse, that likely won't be forgiven and forgotten by election day. If he has any competent advisers that haven't got fed up and quit, they will be telling him this right now. But what the hell is up with the chronic use of the "nonbinding agreement" language? Does he think this is the f^ing UN? We're actually trying to get something accomplished here.

I doubt anyone, save the most heartless tea baggers, are going to let the most vulnerable people in America suffer. The fact of the matter is, Obama is basically letting the American people know that it's the Republicans who haven't been playing ball, and it's the Republicans who would pay in upcoming elections - if such a thing were to happen. The truth is, Boner and the Turtle Man Mitch McConnell are starting to back pedal in their insistence that they're willing to let the government become insolvent. I know from personal experience how anxious we Aspies can get over bad news, but I think everything is going to turn out okay.

-Bill, otherwise known as Kraichgauer

A distraction from real problems.

We will not cut off all social security, if taxes are not raised.

The reason government spends more than they take in is the lowest tax rates in a long time. It did not spark a boom to increase government income. Plan B, raise taxes to equal spending.

No amount of cuts could reduce the national debt. At best, it could not slow the growth of obligations. Social Security, like government bonds, was paid for. Changing Social Security is the same as changing bond terms after the sale, it is called default.

Washington is one club, funded by business. We the people are another club, who vote. We have been had, and the next election will sweep out a lot of deadwood.

Nearly half of the bailout went to extended writeoffs, Stock losses in the crash were given a 100% writeoff. The old rules were the loss could be carried forward, and deducted at $3,000 a year. The bailout rule was 100% now, a $300 billion tax cut. So they sold, bought, and the market recovered. As stocks have doubled in price since, we the people paid for it all. Most of the rest of the bailout went to cover CDSs, the AIG bailout, and the banks. All of that cash went into commodies, oil, wheat, cotton, which doubled.

The rest of the debt is the cost of several wars, Defense Industry welfare, and oil company war as a means of getting more contracts.

None of the national debt comes from overspending on the people. Social Security is self funding, fully paid for by the workers. Unemployment is paid for, by the workers, While they claim half of the people pay no taxes, half of the people are under eighteen, or over sixty-five. And they do pay sales taxes, gas taxes, property taxes, that support State and local government. The 90% of the workforce that are employed, are paying taxes.

When the Bush tax cuts expired, the main cause of a shortfall in government income, they were extended.

Those who profited from the cuts, bailouts, do not want to pay taxes. It is cheaper to buy Congress. They would rather cut the social safety net paid for by the people, and use that for more wars and bailouts.

It is not going to happen. So says AARP who swings 40,000,000 votes, and the people collecting Social Security, who do vote. The War Babies, who make up most of the workforce, have been paying 15.7% of their income into Social Security. They are not going to let anyone change the deal now.

Changes to come, Social Security taxes on all income, currently the first $100,000. Make that $250,000 and it solves all problems for long enough that the old folks will be dead and gone, and the young will be over funded.

Speculation in the stock market should be ordinary income, not Capital Gains, at 15%.

Tax rates need to go up. The three current brackets are not enough. There should be higher brackets for those making over a million, and those making over five million, fifty million, and a hundred million. Making all income subject to Social Security we could retire at 40. Taxing the top 2% of incomes at a higher rate, would pay off the national debt very quickly.

In the less than a hundred years we have had an income tax, the top rate was 90% a lot of the time. It did not stop people from becoming rich, it did stop the concentration of power. Income then had to be spent, which built factories, hired people, and that was the main thing that formed a Middle Class. We again have a concentration of power through income, we need to apply the same rules that worked.

While some call this Socialist, it is Free Market Capitalism. As far back as Adam Smith, The Wealth of Nations, the intent of the Capitalist method was to produce more income for all. Once the Lords owned everything, and everyone was poor. Then Free Towns allowed merchants and manufacturers to prosper, and they became richer than the Lords. As their workers were paid in cash, they became consumers. Markets grew.

Before this was endless poverty, a short life, and after, a rising standard of living, better health, and longer life. The increasing demand for goods and services produced more self employed. The wealth of the nation increased. With that came education, advancing technology, and a lot less poverty.

In 1800 in London, 90% lived in poverty. Back then it meant not having enough income to eat. In less than 200 years, poverty dropped to 10%.

Capitalism works, but as we learned from the Robber Barons, The Trusts, some need to be regulated, or hung. The tax code was to regulate and keep money spread through the entire people. High incomes came with high taxes, and Estate Taxes kept a Royality from forming.

Government are also to blame, as they devalue the currency. This is all savings, earnings, and paper is the worst. In 1903 a barrel of flour cost three silver dollars. Now that is likely $90, and silver is $30 an ounce.

Inflation decreases debts, raises interest rates, and is an evil.

While taxing the high incomes will bring complaints, from 2% and their hired Congress, abolishing the National Debt and fully paying for the cost of government will make money worth more.

We can return to a Silver Standard. With silver at $30 an ounce, we are not that far away from coins with lasting value. For one, before hording, silver was $5 a few years ago. Gold was $320. Both had spiked in the past and came down in better times.

Raising taxes high enough to pay off the National Debt means no more interest payments. Silver coins will gain buying power. Prices will adjust to the Silver Dollar. Right now it would buy eight gallons of gas.

The Dollar as an international reserve currency, standard of trade, would become much stronger. The savings of the people would have lasting and rising value.

With no deduction for offshore operations, the only way to avoid taxes is invest in America. That means full employment and rising wages.

Our only problem is the government, and we can change that.

http://www.businessinsider.com/obama-walks-out-as-all-progress-on-debt-ceiling-talks-erased-2011-7

Congress controls the purse. Congress voted to spend all the money that makes up the national debt, and it is Congress who must refill the purse to pay those debts.

The President can sign or veto the bill.

Demanding long term cuts to Social Security as a pre condition to doing the work of Congress is extortion. Those programs are laws passed by Congress, signed by the President, and paid for by the people.

Congress refusing to raise the national income, taxes, to match their spending, is the problem.

This has been going on for a while, running up debt and giving away the income, tax breaks. The work of Congress.

The only answer now is more debt. Both cutting spending and raising taxes take years to have any effect. Only Congress can raise the debt.

If Congress fails in it's duty to pay the debts of the United States, it is clearly the fault of the House. Come the next election, they will pay.

As there has never been a default, the means of avoiding it have not been used. Nothing stands in the way of selling more bonds, the Fed is buying.
QE3 can be an overnight purchase of a trillion. That would fund the government for a while, to pay it's debts. The Debt Limit is not Law, it would be up to the Courts to say otherwise, years from now.

For Congress to abandon it's post in the face of the enemy, is desertion of duty. If the House fails to produce a Bill, the Senate must act. They are charged with trying Members of Congress.

Now it becomes the Treasury who choses who to pay. Bonds and Social Security are both debts, and come first. Paying the millitary is a good idea. They have guns. Paying extended unemployment is a good idea.

Paying government employees is optional. Some are needed, but a Congress that failed to do it's duty should not be paid. Even after passing a Bill to raise the debt cap, they should not get back pay.

Only if they agree to a 50% pay cut, them and all staff, and being subject to Social Security, should they ever be paid.

Congress is not in position to override a Veto.

The Leadership of the country must lead. All political donations can be sent to the Treasury, who will then fund elections. Term limits should remove everyone before they qualify for retirment.

Being elected to Congress is for the service of your country. It imposes a duty to protect and uphold the Constitution. It imposes a duty to do the business of The United States to the best of your ability.

the truth is we're screwed either way. if they up the debt then the dollar becomes even more worthless and that's bad considering we haven't even felt the full effects of the most recent round of money printing. it takes about 24 months for that money to cycle through the system.

if they don't raise it then, MAYBE the checks won't go out. they may still.


the real key would be to toss out the debt as illegal gains by the banks, which they very well should be illegal given the scam they're running, and then restore the power to print our own money and do away with the 16th amendment (the tax amendment that gave the privately invested FED the power to print our money). then we'd have money and no debt. we'd just have to worry about inflation then and that would make things a bit easier to handle.

Well now they have a plan...at the last minute shove a budget through legilation that is going to cut SSI and services for the most vunerable. Given what little time is avaiable Obama has no choice but to sign it....or face default. And I thought they were morons...ohh silly me...they are parasidic.

Anyway, I dont think that we will default...but SSI will be cut considerably. It is nothing but a government run ponzi scheme.