Tuesday, July 26, 2011

SecTreas Geithner to Social Security Recipients - Drop Dead?

Well, he indirectly threatened that if the Federal Debt Ceiling is not raised, you might not get your SSI checks. To be sure, Mr. O has done the same thing.

What nonsense.

I thank whatever business website (I forget which one) calculated: every month, Uncle Sam receives $200 billion, but pays out $60 billion in SSI checks. In fact, this happens automatically by statute, and can be changed only by an Executive Order.

So, you see, plenty ‘o dough also for Veteran Benefits, Military Salary, etc. The shortfall is something like $100 billion a month, so we would have to shut down the Dept of Energy and Labor and Ag and Education and whatever. Big fat hairy deal.

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