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GREG-709692

I come to visit the afflicted spirits
Articles Posted: 69  Links Seeded: 113
Member Since: 11/2008  Last Seen: 5/18/2012

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Why President Obama and Liberal's in Congress are losing their "MOJO" !

Thu Jul 14, 2011 10:20 AM EDT
politics, top-news
By greg-709692
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What a screw up by Liberals on the Tax break cave in they allowed to be passed.  Apparently, The Democrats knew the real truth about Social Security when they voted on this, but to look good, they're willing to do anything to gain Political Points.

They had the Majority, They had the Truth, but they did what they did anyway:

 

http://taxes.about.com/b/2010/12/20/the-tax-relief-act-of-2010-income-tax-provisions.htm?r=94

Social Security tax rates will be reduced by two percentage points. The employee-portion of Social Security taxes will be reduced from the current 6.2% to a temporary rate of 4.2% for 2011 only. The employer-portion remains the same at 6.2%; and the Social Security wage base remains the same at $106,800 for 2011. Medicare tax rates are not changed: remaining at 1.45% each for employees and employers. Freelancers, farmers and other self-employed persons will see a corresponding reduction in their self-employment tax. The total 15.3% self-employment tax rate is temporarily reduced for 2011 to 13.3%. Self-employed persons will still be able to deduct the full amount of the employer's portion as an adjustment to income. Congress has directed the Treasury to reimburse the Social Security trust fund for the full amount of the reduced Social Security taxes out of the general fund.

 

But they still told us, before the dreaded "You will not get paid" speech by President (The Fear Monger) Obama, :THERE IS NO PROBLEM":

 

http://www.factcheck.org/2011/02/democrats-deny-social-securitys-red-ink/

Feb. 15, 2011  Obama held a White House news conference to defend his budget proposal for fiscal year 2012. And here’s what he said about cutting entitlement spending:

Obama: Now, you talked about Social Security, Medicare and Medicaid. The truth is Social Security is not the huge contributor to the deficit that the other two entitlements are.

Feb. 16, 2011 Senate Majority Leader Harry Reid of Nevada:

Reid: Social Security has contributed not a single penny to the deficit. So we can talk about entitlements as long as you eliminate Social Security. . . . Social Security is not part of the problem we have in America with the deficit.

Feb. 20, 2011: Sen. Richard Durbin on NBC’s "Meet the Press":

Durbin: Social Security does not add one penny to the deficit . Social Security untouched will make every promised payment for more than 25 years.

Max Gleischman: We can argue line items and budget allocations all day — our position is that ss doesn’t add to the deficit. Jack Lew and the President agree.

Feb. 20, 2011: Sen. Chuck Schumer of New York, on CNN’s "State of the Union" with Candy Crowley:

Schumer: Social Security, however, does not contribute one penny to the deficit and won’t until 2037.

Brian Fallon: This is nitpicking to the nth degree. Social Security is a standalone program and is fully solvent. Our deficit problem lies not with Social Security, but with the rest of the budget.

Feb. 22, 2011 opinion piece in USA Today claiming that Social Security "does not cause our deficits" and is "entirely self-financing":

Lew: [L]ooking to the next two decades, Social Security does not cause our deficits. Social Security benefits are entirely self-financing. They are paid for with payroll taxes collected from workers and their employers throughout their careers.

 

Ooops, I guess Obama and the Democrats shouldn’t have believed their decades long "Scare Tactic" rhetoric and not think it would eventually come back to bite them in the butt !

Now President Obama is “whining” and “Fear Mongering”, to raise deficit spending, to cover a solvent social security ?????? 

As if this has come as a big surprise to him.  It's not a suprise, and he now needs to play God and save all the seniors by raising the deficit and threatening to not pay those on Social Security.  What a great guy, isn't he.  "I will cause your pain if you don't go after the Republicans and stop them".

Liberals will tell you, the Republicans are the “Anti-Christ”, “Fear mongers”, “Granny Killers” etc… for even concidering adjustments in Social Security years ago, but I guess Liberals need to learn the hard way, Well, we are going to learn the hard way, Liberals will flat out Lie to get what they want even when they know the truth.  Social Security is apparently NOT Solvent.

 

Just listen to the truth about the solvency of Social Security from the President, without a teleprompter:

http://www.cbsnews.com/8301-503544_162-20078789-503544.html

 

"But I thought Social Security was Solvent" ?  Ask any Liberal.

 

Again I say this : JOE WILSON WAS RIGHT, as Usual. “You Lie” !

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greg-709692

SO which is it ?

Solvent ?

Not Solvent ?

Which ?

  • 18 votes
#1 - Thu Jul 14, 2011 10:21 AM EDT
AmericaRepublic

One thing is for certain Greg, it is a mess, the mojo has left the building...lol We are stuck right in the middle of it.....Good article...

  • 15 votes
#1.1 - Thu Jul 14, 2011 10:31 AM EDT
greg-709692

Love using Liberals own words.

  • 15 votes
#1.2 - Thu Jul 14, 2011 10:34 AM EDT
AmericaRepublic

Maybe Austin Powers can bring their Mojo back......lol

  • 13 votes
#1.3 - Thu Jul 14, 2011 10:43 AM EDT
digitusmedius

Solvent. At it currently stands, SocSec can pay 100% of benefits until 2037. After that, if no changes are made, it will only be able to make 77% of scheduled benefits until 2084, then 74% after that. With very small changes now, those latter numbers could be restored to 100% well beyond 2085.

  • 21 votes
#1.4 - Thu Jul 14, 2011 10:54 AM EDT
AmericaRepublic

Insane..

  • 10 votes
#1.5 - Thu Jul 14, 2011 10:56 AM EDT
greg-709692

Solvent. At it currently stands, SocSec can pay 100% of benefits until 2037

That's the way I've always heard it. Maybe someone should tell President Obama so he'll stop the "Fear Mongering" and "Threats".

  • 15 votes
#1.6 - Thu Jul 14, 2011 10:59 AM EDT
AmericaRepublic

agreed....

  • 12 votes
#1.7 - Thu Jul 14, 2011 11:05 AM EDT
digitusmedius

Well, of course, the President is talking about something else altogether so it doesn't surprise anyone that the right wing would ignore that basic fact. If, suddenly, the debt ceiling is limited, the government will have to start drawing out of other accounts immediately to pay its lenders. So, it is entirely conceivable that the SocSec revenues would have to be diverted to loan payments to try to forestall default on loan payments. You wingers always tell us the government should have to operate like a family who goes over budget and this is what that would look like for the government to do it. Some bills would not get paid while essential must-pay items get taken care of. But I am glad to see that you finally accept the fact that SocSec is not "broke" as is often the right wing lie.

  • 12 votes
#1.8 - Thu Jul 14, 2011 11:07 AM EDT
greg-709692

Well, of course, the President is talking about something else altogether

His little video interview says specifically why the debt ceiling needs to rise and it isn't because we have to pay interest on our debt.

If that's what it is, then he needs to say that and stop lying to gather support for what he wants.

  • 13 votes
#1.9 - Thu Jul 14, 2011 11:12 AM EDT
digitusmedius

Just because you can't understand someone doesn't mean they're lying. I think you got so used to and accepting of the constant stream of Bush/Cheney lying all those years, you can't tell the difference anymore between truth and lies. Or maybe you just like to be lied to.

  • 13 votes
#1.10 - Thu Jul 14, 2011 11:15 AM EDT
greg-709692

Did you even click on the Factcheck link to see the nice little red lines going down and down and did you even click on the link to what he specifically said. Unlike you, when someone speaks, I don't try to "Read between the lines".

Is your comment one of those "This is what he really said" moments, like we get from the administration?

  • 14 votes
#1.11 - Thu Jul 14, 2011 11:19 AM EDT
digitusmedius

See #6. And it's funny, isn't it, that none of your factcheck links actually apply to the President's statement on SocSec? Why would that be?

  • 9 votes
#1.12 - Thu Jul 14, 2011 11:32 AM EDT
digitusmedius

He said what he said and that's the truth: he can't guarantee who would get paid. Here's another link explaining it to people who apparently don't know that you can't pay bills with money you don't have:
Without a deal, tough choices:Who gets paid?

  • 7 votes
#1.13 - Thu Jul 14, 2011 11:46 AM EDT
greg-709692

They sure do, in fact, they contradict the president.

This:

It’s important to note that benefit payments are not in immediate danger. Under current law, scheduled benefits can be paid until about 2037, according to the most recent projections.

As well as this from the Social Security board of trustee's:

http://www.ssa.gov/pressoffice/pr/trustee11-pr.htm

The Social Security Board of Trustees today released its annual report on the financial health of the Social Security Trust Funds. The combined assets of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be exhausted in 2036, one year sooner than projected last year.

And your Statement from Comment #1.4:

Solvent. At it currently stands, SocSec can pay 100% of benefits until 2037

So, either Factcheck, the board of trustee's and you are lying about being able to pay, or your link and the president are lying.

Which is it? We either can or cannot pay the benefits August 2011.

  • 14 votes
#1.14 - Thu Jul 14, 2011 12:22 PM EDT
digitusmedius

That trustee report didn't take into account the default, greg. Yet another fail for you.

  • 9 votes
#1.15 - Thu Jul 14, 2011 12:34 PM EDT
JEFFINVA

greg-

"If that's what it is, then he needs to say that and stop lying to gather support for what he wants."

Oh lying...you mean like everytime the Republicans have a camera in front of their face they omit the word "rich" and substitute "job creators"? They do that b/c if they actually tell the truth about who the tax cuts are going to help their base won't back them.

Freedom isn't free and neither are tax cuts.

  • 8 votes
#1.16 - Thu Jul 14, 2011 12:34 PM EDT
thelopes

As well as this from the Social Security board of trustee's:

http://www.ssa.gov/pressoffice/pr/trustee11-pr.htm

The Social Security Board of Trustees today released its annual report on the financial health of the Social Security Trust Funds. The combined assets of the Old-Age and Survivors Insurance, and Disability Insurance (OASDI) Trust Funds will be exhausted in 2036, one year sooner than projected last year.

Notice, greg, that this was a projection put forward in May.

The projection would be made given certain variables - presumably standard variables based on the income going into Social Security compared to variables about how much is going outward.

This is much like the projection that I can buy a car and make the payments. It is an assumption that I will have a job and income to pay the bills so that I can write the checks.

Throw a monkey wrench into the projections. In the car concept, the loss of a job, a death in the family, the birth of a child. Suddenly the initial projection isn't quite the same due to that unexpected event.

This date would be the same thing - a monkey wrench on the projections.

  • 3 votes
#1.17 - Thu Jul 14, 2011 3:12 PM EDT
Reliant

The Projections of Solvency for Social Security is based on a continuation of existing trends absent any additional or cataclysmic events, say like failing to raise the Debt Ceiling. Is that really so hard to understand? Things will work out find as long as you don't throw a monkey wrench into the gears.

I really find it is a challenge remain patient with the willful ignorance and intentional avoidance of simple logic employed by some on the left and the right use to try and make a political point. I guess the ingenuous ball is in the rights court today.

  • 4 votes
#1.18 - Thu Jul 14, 2011 3:13 PM EDT
greg-709692

Kinda the way the Democrats were using the CBO "Projections" to pass health care, saying the projections were fact. Now this "Projection" is just a "Projection" because it doesn't fit the Lefts Agenda.

Must be nice having it both ways to further a wish list.

  • 12 votes
#1.19 - Thu Jul 14, 2011 3:34 PM EDT
mardigan

Well, of course, the President is talking about something else altogether so it doesn't surprise anyone that the right wing would ignore that basic fact. If, suddenly, the debt ceiling is limited, the government will have to start drawing out of other accounts immediately to pay its lenders. So, it is entirely conceivable that the SocSec revenues would have to be diverted to loan payments to try to forestall default on loan payments.

I am curious, I was under the illusion that Social Security was not a government account that was allowed to be dipped into for anything other than reimbursing the depositors of that account. How is it that government is allowed to syphon off money from an account that doesn't belong to it?

  • 6 votes
#1.20 - Thu Jul 14, 2011 3:37 PM EDT
vol fan in chatt, tn

Somehow, this whole conversation congers up memories of a certain President saying..."it depends on what the meaning of 'is' is."

The fact of the matter is Obama and the Dems are talking out of both sides of their mouths, and using scare tactics to boot (the rep have done the same thing before - so I am not excusing them, either). Looks like the mojo is swinging toward the right...people are fed up with the ridiculous spending, lying and backroom deals. So much so that the people will pick a stick figure Rep candidate over Obama right now by 8 % points.

Feburary 2011

Today

When Obama acts like a petulant child and storms out of meetings he himself has called, throws out scare tactics to our seniors and service people, and ultimatums to everybody else...you can bet that doesn't play well with a majority of people. Obama's mojo is DOA, and the rest of the lying scum of Dem leadership isn't far behind. Even the MSM who have been responsible for propping him up, lost their argument that "Obama is acting like the adult in the room..." when he stormed out yesterday. LOL!

The Rep found out what happens when you lose your mojo in 2008, guess the Dems will feel it in 2010 and 2012.

  • 12 votes
#1.21 - Thu Jul 14, 2011 5:47 PM EDT
Reliant

mardigan

I am curious, I was under the illusion that Social Security was not a government account that was allowed to be dipped into for anything other than reimbursing the depositors of that account. How is it that government is allowed to syphon off money from an account that doesn't belong to it?

You are right, that would be an "illusion" if you thought that. The U.S. government has been borrowing the Social Security Surplus Funds for decades and replacing them with U.S. Treasury Bonds. The Social Security Trust Fund (as it is called) has over 2 Trillion Dollars of Treasury Bonds. The government has been spending Social Security Tax Income on other programs since before I was born. The U.S. Government is obligated to pay back those Bonds which is used to make Social Security payments when payments exceed income, unless of course the Full Faith and Credit of the U.S. government is disrupted and the Government all of a sudden does not have enough money to pay it's obligations.

  • 5 votes
#1.22 - Thu Jul 14, 2011 6:18 PM EDT
merleliz

All of a sudden? Sorry, but I think they should have known their credit limit when they were proposing massive spending bills with money they didn't have.

  • 10 votes
#1.23 - Thu Jul 14, 2011 6:21 PM EDT
Reliant

merleliz

All of a sudden? Sorry, but I think they should have known their credit limit when they were proposing massive spending bills with money they didn't have.

Then take it up with every congress for the last 50 years and every presidency including Regan and the Bush/Cheney "Deficits Don't Matter" administrations. Oh except The Clintion era Presidency and Congress (Republican majority), as that is the only time that outgo did not exceed income, yet even they used the SS funds to by U.S. Treasury Bonds.

    #1.24 - Thu Jul 14, 2011 6:44 PM EDT
    Runner99

    And if we do take it up with those dead guys, how's it going to help now?

    • 8 votes
    #1.25 - Thu Jul 14, 2011 6:56 PM EDT
    Reliant

    Well not that I was inferring that you actually consult with them, but if you want, they are not all dead. There are 5 living Presidents and literally thousands of living Representatives and Senators you can consult with. But the larger point, and I think you know this, is that this is the way our Government has operated since before most of us were born. For someone to pop up now and say they are surprised by it is just lazy or ingenuous. If someone does not know it shame on them for not paying attention, if they did know it they can't feign shock and indignity that that is how things work.

    We need to address reality when deciding things like responding to a Governmental Liquidity Crisis if it occurs, not idology. Conflating things that are tangentialy related but not interdependent for political one up mans ship is ideology, and not of any value.

    • 1 vote
    #1.26 - Thu Jul 14, 2011 7:19 PM EDT
    Runner99

    Okay, I get your point, and it was very well said. Given the choice to rescue this economy with more and more of your money would you be willing to march down to the IRS office and give them $1000.00 dollars. Then put your name on a list with your address and phone numbers so they can give you a call if you need to give more after they spent it for something other than the debt. Would you keep giving and giving and giving? That's exactly what they are asking us to do. Or.....would you say no more......learn to budget?

    • 10 votes
    #1.27 - Thu Jul 14, 2011 7:40 PM EDT
    vol fan in chatt, tn

    Brilliant, runner...and Obama said the same thing in his presser the other day..."those of us who have done well can afford to give a little bit more" (or to that effect). What is stopping Nobama from writing a check to the Treasury and leading by example?? Nothing. He won't do it and neither will others...there can only be "shared sacrifice"....

    Would you keep giving and giving and giving? That's exactly what they are asking us to do. Or.....would you say no more......learn to budget?

    I say learn to budget and quit using your credit card to pay off other credit card.

    • 11 votes
    #1.28 - Thu Jul 14, 2011 9:29 PM EDT
    Runner99

    It's never a little bit more when it comes to Obama. And if I can afford to give a little more because I have done well budgeting and worked my ass off, he's not entitled to ask me for it. He needs to reign in the Career Politicians and teach them how to budget a grocery list before he has the right to ask me for more money.

    Hey, Vol, maybe that's it......a new reality show......make all the politicians use $100.00 bucks of their own money and make them budget meals for a family of 5 for a week. Ha, bet nobody could do it but us.

    Good post as always Vol.......voted you up.

    • 13 votes
    #1.29 - Thu Jul 14, 2011 9:51 PM EDT
    vol fan in chatt, tn

    make all the politicians use $100.00 bucks of their own money and make them budget meals for a family of 5 for a week.

    That wouldn't even get Obama a Kobe beef burger....

    Good post as always Vol.......voted you up.

    Actually, I thought the same about yours...maybe we should start a group "mutual admiration society"...

    • 9 votes
    #1.30 - Thu Jul 14, 2011 10:03 PM EDT
    VIVA-796465

    hey yeah, remember they had a reality show.........You're Cut Off??????

    they could do it with Nancy, Trump, Gary Busey, Hugh Hefner, Palin

    throw Barney in for a twist..........

    • 8 votes
    #1.31 - Thu Jul 14, 2011 10:33 PM EDT
    Runner99

    Barney? As in the purple dinosaur? Cool!

    • 8 votes
    #1.32 - Fri Jul 15, 2011 10:01 AM EDT
    AmericaRepublic

    LOL

    • 9 votes
    #1.33 - Fri Jul 15, 2011 10:02 AM EDT
    digitusmedius

    ."those of us who have done well can afford to give a little bit more" (or to that effect). What is stopping Nobama from writing a check to the Treasury and leading by example?? Nothing.

    It's funny how right wingers view "shared sacrifice." For example, the most war like of them seem to think staying safely at home in war time as the best way to express their massive patriotism. Or that giving massive tax cuts to the wealthies as the war costs and other deficits continue to rise is a fair way to "share the wealth." It seems they're alway wanting someone else to pay the bills they run up, which is odd considering all that blather from them about being economically responsible.

      #1.34 - Fri Jul 15, 2011 10:44 AM EDT
      Darkdonnie

      It's funny how right wingers view "shared sacrifice." For example, the most war like of them seem to think staying safely at home in war time as the best way to express their massive patriotism.

      Its funny how your a pro at straw man arguments and generalisations. hmmmm

      Or that giving massive tax cuts to the wealthies as the war costs and other deficits continue to rise is a fair way to "share the wealth." It seems they're alway wanting someone else to pay the bills they run up, which is odd considering all that blather from them about being economically responsible.

      I am all for rescinding the Bush tax cuts, all of them. Are you?

      • 9 votes
      #1.35 - Fri Jul 15, 2011 12:21 PM EDT
      Libertarian y2k

      Social Security solvent and a stand alone program? Hardly. Government has been borrowing money from the social security fund for decades. When they recieved the soc sec taxes they have "borrowed" all excess money recieved to spend and gave the fund T-bills or "I.O.U's". So the social security fund is a stand alone and fully funded as only as long as they can cash those T-bills in. And government has to borrow money to pay social security whenever the fund needs money in excess of what is coming in. So in essence government borrows money from social security to spend so they don't have to borrow as much money else where. Then they have to borrow money to pay back money they borrowed. When the day comes that the money coming in is less then goes out all hell breaks loose because the government can't afford for the fund to start cashing in their I.O. U.'s. They don't have the revenue to honor the massive amount of T-bills residing in the social security fund. That is the day that social security collapses because government cannot honor the debt to the fund.

      Compare it to you having a handfull of credit cards. Basically you use one credit card to make a payment on another and so on down the line. Only the final card (National Debt Unlimited Visa) do you ever make a payment on. And that is an interest only payment. Since there is no spending limit on that card you keep using it all of the time and just make interest payments. Now the house has threatened not to increase your limit and all hell is breaking loose because you can't make the payments on all the other credit cards now ;)

      Fully funded? Maybe, but with fool's gold. For all practicable purposes it an entitlement program now because all excess funds collected have been spent and government needs to now pay it back. Funds going out to social security equals federally funded spending program. Can spin it however you like, the result is the same.

      • 6 votes
      #1.36 - Fri Jul 15, 2011 6:23 PM EDT
      digitusmedius

      Social Security solvent and a stand alone program? Hardly. Government has been borrowing money from the social security fund for decades.

      The fact that government borrows from the SocSec T.F. doesn't weaken SocSec. SocSec actually makes money from that, often enough in interest each year to to have a net "profit" even after all the benefits for that year have been paid out. The only reason those T-bills would become worthless is if the United States government collapsed. Is that what you're hoping for as a way to get rid of SocSec? Some patriotism. The SocSec T.F. has never had to borrow from the general fund so you comment is just crammed full of false statements after an introductory false premise. But that's libertarianism, after all.

        #1.37 - Fri Jul 15, 2011 6:41 PM EDT
        Lkessler

        digitus: you didn't bother to read the analysis I linked at 9.9, did you?

        Then again, I did put the disclaimer that, in order for the analysis to make sense, one's eyes had to be open.

        It's ok, though. People older than 65, retired and with plenty of ailments will get to enjioy the benefits I won't out of SS/Medicare. So, if you fall within that group, congratulations--I can see how come you believe both programs are solvent and will remain so--and if you have 20 or more years before retirement--keep working, and pray that death comes to you at your desk.

        • 10 votes
        #1.38 - Fri Jul 15, 2011 6:47 PM EDT
        Libertarian y2k

        Digitusmedius, did you read my comment entirely? The government will not bring in enough money to honor social security later when the fund has to rely mostly on redeeming T-bills.

        Collapse of the economy? Of course that would kill social security and everything else and is a distinct possibility because of our debt, spending, and fiat currency controlled by the federal reserve. Even if the economy doesn't collapse, if the government can't pay back social security, guess what? They won't. They will have to change the rules and severly restrict payouts to keep it running.

        Libertarians don't wish for an economic collapse. We are the canaries in the coal mine; we see it coming and are trying to warn others and fix it before it happens. Progressives on the other hand are whistling through the graveyard and pretending that there is not a crisis ahead. They are the greatest danger to the economy.

        • 8 votes
        #1.39 - Fri Jul 15, 2011 7:20 PM EDT
        digitusmedius

        Yep, LK, that "analysis" is as old as SocSec itself and it always relies on being anywhere close to valid if nothing is done to fix the financing problem. And I should have included that point in my response to you, Lib. There is nothing wrong with either Medicare or SocSec that small increases in revenues to each of them wouldn't easily fix. We knew this day was coming. When Reagan agreed to FICA tax increases in 1983 we knew it and we were told that it would need further such changes as our population, esp. the now retiring baby boom generation grew. Now whose minds are open or closed to that?

          #1.40 - Fri Jul 15, 2011 7:35 PM EDT
          Lkessler

          Uh, no, digitus, those updates were made as of March of 2011. Try again.

          • 11 votes
          #1.41 - Fri Jul 15, 2011 7:48 PM EDT
          digitusmedius

          I wasn't referring "updates," LK. I was referring to that age old right wing claim that SocSec is always doomed to failure, which is one of those self-fulfilling prophecies by people whose intent is to kill it rather than take measures to keep it going.

            #1.42 - Tue Jul 19, 2011 6:10 PM EDT
            Lkessler

            Digitus: well, then, be more specific next time. Contrary to popular belief, most of us still cannot read minds...

            The fact is that for Social Security to continue working, it requires a major overhaul, one that won't come without painful cuts to folks currently receiving what little benefit there is from it. So, I stick by my idea--let me choose to opt-out, so that I can decide how to invest my money.

            I just think that'd be the fair thing to do. Social Security was an invention of government when people didn't have the life expectancy that they do now--in fact, back in 1939. Do you know how long a person collecting social security in 1939 could expect to live? If you were age 60, 15 years. A little older? A little less time. That's a big part of its problem--and one that retirees with more than 20 years to go don't want to face up to. Forget retirement--for most of us still a part of the workforce, retirement isn't even a nice dream, because we can expect to die at our desks.

            • 6 votes
            #1.43 - Tue Jul 19, 2011 9:40 PM EDT
            VIVA-796465

            even with being having my retirement with TRS, I am not sure that it will be enough.......if social security keeps going the way it is.................you are right some of us will just die at the job site.

            • 6 votes
            #1.44 - Tue Jul 19, 2011 9:47 PM EDT
            digitusmedius

            Digitus: well, then, be more specific next time.

            By specific, I guess you mean copy the part I was referring to and comment on that. That is exactly what I did. It's you who apparently decided the you'd divert the subject to some "updates," LK. Do you think that evasion tactic makes your case look stronger?

            I did want to further comment on this statement of yours:

            So the social security fund is a stand alone and fully funded as only as long as they can cash those T-bills in.

            Well, yes. Just like every other purchaser of T-bills, private and public, there is a trust in the "full faith and credit of the United States"(Art.IV, Sec.1 of the United States Constitution) which "shall never be questioned" (14th amendment to the U.S. Constitution).

              #1.45 - Wed Jul 20, 2011 10:52 AM EDT
              Lkessler

              Digitus:

              As for me, I made my case. If you don't like the stats, that's you. I know SS isn't going to be there for me. So, I am investing my money elsewhere--so that I do have a way to support myself in older age--and not depend on anyone or anything else.

              Also, regarding your statement that:

              Digitus wroteI did want to further comment on this statement of yours:

              Digitus quoted: So the social security fund is a stand alone and fully funded as only as long as they can cash those T-bills in.

              That statement you quoted is not mine.

              You've quoted LibertarianY2K at post 1.36. Perhaps you should address it to Libertarian... Also, FYI, please be advised that if you had invested 100k in T-Bills you'd be broke by now.

              • 7 votes
              #1.46 - Wed Jul 20, 2011 12:14 PM EDT
              VIVA-796465

              LOL, you're right............i don't trust the govt with my future retirement either............the shared sacrifice they always talk about refers to the taxpayer, when is it going to refer to our over bloated govt???????

              • 6 votes
              #1.47 - Wed Jul 20, 2011 1:38 PM EDT
              digitusmedius

              It's not like I don't like the stats, LK. It's your interpretation of the stats that's off. We all know that SocSec will need additional revenue to stay solvent longer than until 2037 as it now stands. It's just that people like you refuse to accept that reality and now...are you complaining that SocSec won't be there for you even as you refuse to agree that it be adequately funded? BTW, no one has ever claimed that Soc Sec should take the place of retirement investments. If you're fortunate enough to be able to have money to invest then gorblessya and good luck.

                #1.48 - Wed Jul 20, 2011 2:43 PM EDT
                Lkessler

                digitus: I gave the stats as they were. From the actual website. Whatever opinion I gave is mine. You don't have to like it. That's the wonderful thing about opinions... Everyone has one.

                As for investments: I've been very fortunate. I just resent that my money is being taken for those who are going to die long before I do so that they can live in awful poverty. Thanks, but no thanks. Give me my money. I'd rather not pay SSI and Medicare and take those funds and do what I've done with the rest of it--fund a retirement that so far is quite nicely grown and continuing to do so.

                Hopefully, Libertarian will take the time to address your questions regarding Libertarian's own post.

                • 7 votes
                #1.49 - Wed Jul 20, 2011 4:30 PM EDT
                digitusmedius

                LIke I said, it's your opinion, not the stats, that is the problem and the problem is that it's just plain wrong. And the reason it's wrong is that you don't want there to be any SocSec, period. You want it destroyed, so there's no way in hell that your opinion can be relied on. No "major overhaul" is required at all. The people who are saying this are the same people who work night and day to devise a way to kill SocSec. They're called Republicans.

                  #1.50 - Wed Jul 20, 2011 4:54 PM EDT
                  lisaed

                  digitus: please....seeking to make an entitlement program solvent is not "destroying" it. Got me? Ok then....carry on.

                  • 6 votes
                  #1.51 - Wed Jul 20, 2011 5:14 PM EDT
                  digitusmedius

                  How do you propose to make SocSec solvent,lisaed (realizing that it's already solvent for another 26 years)?

                    #1.52 - Wed Jul 20, 2011 5:20 PM EDT
                    Lkessler

                    lisa: Don't expend that much time. Digitus still believes that SS is solvent another 26 years! (and we're not into trillion-dollar deficits at the moment, either).

                    And I've read your statements over and over, digitus. So it's ok. Let's agree to disagree. Obviously, most folks agree with me--they're not asleep--they know SS isn't going to be there, and like me, they're doing something about it.

                    PS. Digitus, you can take the time to show all of us, including the Rubinses (who have been analyzing government expenditures and issues of solvency within government programs)  how their numbers and analyses are wrong.

                    If you can't, can we agree to disagree? I think that'd be the decent thing to do.

                    • 8 votes
                    #1.53 - Thu Jul 21, 2011 8:31 AM EDT
                    lisaed

                    Digitus: Puh...leez:

                    The massive retirement program has been feeling the effects of a struggling economy for several years. The program first went into deficit last year, but the CBO said at the time that Social Security would post surpluses for a few more years before permanently slipping into deficits in 2016.

                    The outlook, however, has grown bleaker as the nation struggles to recover from the worst economic crisis since Social Security was enacted during the Great Depression. In the short term, Social Security is suffering from a weak economy that has payroll taxes lagging and applications for benefits rising. In the long term, Social Security will be strained by the growing number of baby boomers retiring and applying for benefits.

                    The deficits add a sense of urgency to efforts to improve Social Security's finances. For much of the past 30 years, Social Security has run big surpluses, which the government has borrowed to spend on other programs. Now that Social Security is running deficits, the federal government will have to find money elsewhere to help pay for retirement, disability and survivor benefits.

                    "It means that Social Security is increasingly adding to our long-term fiscal problem, and it's happening now," said Eugene Steuerle, a former Treasury official who is now a fellow at the Urban Institute think tank.

                    http://www.cbsnews.com/stories/2011/01/26/politics/main7286861.shtml

                    • 5 votes
                    #1.54 - Thu Jul 21, 2011 10:19 AM EDT
                    digitusmedius

                    Nice paste job, lisaed, but you seemed to dodge the question about what you would do to make SocSec solvent beyond 2037 (and do try to think of people who will be alive after you're gone). And LK who are these "most folks" you continue to speak of? You cannot find a poll anywhere, even a Rasmussen if you can find one on this question, that doesn't find huge majorities of people who want SocSec and Medicare strengthened to last indefinitely. Go ahead and look and report back when you have one (we will need to check its provenance after all--you'd expect me to so you should as well).

                      #1.55 - Thu Jul 21, 2011 10:34 AM EDT
                      Lkessler

                      digitus: I'm talking about commonsense folks. But that's right--they're not anywhere.

                      In case you didn't know, Common Sense died... about 13 years ago, in fact.

                      However, I'm hell-bent on beating some common sense into some folks--that's why I'm hell-bent on doing so here.

                      Have a fabulous day!! I don't need a poll to confirm for me a political horse that is fiscally irresponsible, no matter how popular...

                      • 9 votes
                      #1.56 - Thu Jul 21, 2011 10:58 AM EDT
                      digitusmedius

                      There's an old saying about "common sense" -- it is neither. You must be receiving your information from some invisible source because when large cross sections of the actual people in the country are asked about how they feel about SocSec, they overwhelmingly disagree with your assessment of its future. So, you might want to get a tune up of whatever device you're using to divine what "most folks" are thinking since it's full of static.

                        #1.57 - Thu Jul 21, 2011 12:41 PM EDT
                        lisaed

                        digit: you prove your false assertion that GOP wants to kill socsec first.

                        • 6 votes
                        #1.58 - Thu Jul 21, 2011 1:15 PM EDT
                        digitusmedius

                        You're denying 80 years of conservative hopes, dreams and efforts to deep-six SocSec, lisaed? You and your lot were attacking SocSec as communism before it was born and have done so ever since. And that just to avoid answering a fairly direct question? Jeziss, that's desperation, hon.

                          #1.59 - Thu Jul 21, 2011 2:46 PM EDT
                          lisaed

                          You and your lot were attacking SocSec as communism before it was born

                          Digitus: Name names. Ones that matter.

                          • 7 votes
                          #1.60 - Thu Jul 21, 2011 4:56 PM EDT
                          digitusmedius

                          Since my question to really had nothing to do with what the Republican party's plans for SocSec, let's stipulate, for the sake of trying to pry something out of you, that you, lisaed, do not want to destroy SocSec. So I ask you again, how do you propose to make SocSec solvent, if not permanently, let's say another 50 years longer, i.e., until 2087?

                            #1.61 - Thu Jul 21, 2011 5:26 PM EDT
                            USA 1-1003451

                            Does SS need to continue to 2087 or beyond? If you are a 20 something year old why would you want to put in money into an account somebody can hold up payments over the debt ceiling or pays outs with a low amount for all the money put in?

                            I would not depend on it. I would be funding my own retirement or hope the government would implement a better SS plan with individuals in mind. The more you work and harder you save the more you have for retirement. I do not mind a mandatory withholding, but paying pennies on the dollar for 40+ years of witholdings is a joke.

                            Should attempts to address what is wrong with SS be called the destruction or the improvement of SocSEc?

                            • 8 votes
                            #1.62 - Thu Jul 21, 2011 6:06 PM EDT
                            digitusmedius

                            oh, keerist, here we go again. The privatization argument. Does a market crash not even bump these guys off this nut? Just imagine what retirees would be looking at over the last few years if they had only their private pension to fall back on. They'd have been wiped out. Destitute. Soc Sec didn't even blink. There was never a drop in the trust fund balance and all payments went out in full during the crash and continue to do so in this weak economy while there's still high unemployment. The only thing "wrong" with SocSec is that it shows the fallacy of the ideological mythology of the extreme right wing in this country and it needs to be destroyed to keep from doing that. In fact, their view is that everything that proves their myths are based on BS and never work must be destroyed in order to keep the myths alive. And it doesn't matter how many people must be thrown back into the poverty we saw in the 1930s and earlier. The ideology and false religion must be served no matter what the cost.

                            • 1 vote
                            #1.63 - Thu Jul 21, 2011 8:35 PM EDT
                            lisaed

                            digitus 1.61---ah...this discussion began (see 1.51) when I called you out for stating incorrectly that republicans want to destroy Social Security. Since you've been unable to prove your false assertion. This conversation is over. I don't pretend to know how to make any entitlement solvent but I admire Paul Ryan for having the courage to try.

                            • 6 votes
                            #1.64 - Fri Jul 22, 2011 1:56 PM EDT
                            digitusmedius

                            Privatization was just a cover for killing SocSec, lisaed, and you know that. You belong to a mindset that's just find with seeing SocSec go away, the sooner the better. Setting up a unrelated pre-condition to keep you from having to answer a question is pretty cowardly. You just did have an answer so had to manufacture a pretext for bailing out. I don't blame you. Actually coming up with a remedy for preserving SocSec violates the ideology you have that it shouldn't exist at all. So what you've managed to do here is actually confirm my statement about Republicans (and other right wingers as well) wanting to destroy SocSec. They tried to prevent it from coming into existence in 1935 and they've been trying to kill it ever since. This privatization thing was just a orwellian stealth campaign that made it sound like something other than the death of SocSec but that would have been its outcome.

                              #1.65 - Fri Jul 22, 2011 3:44 PM EDT
                              digitusmedius

                              should read "fine" at the end of the first line up there.

                                #1.66 - Fri Jul 22, 2011 3:48 PM EDT
                                lisaed

                                digitus: note please that efforts to reform are not "destroying" they are making Social Security solvent for generations to come. We can agree that's an important goal, right?

                                • 7 votes
                                #1.67 - Fri Jul 22, 2011 3:49 PM EDT
                                USA 1-1003451

                                Digit thinks that any changes is an attempt to destroy (which is incorrect). I saw his/her rant about privatization, but I did not write one word about privatization. I said the plan is flawed. The government can manage the account, but do a better job of it.

                                Just a FYI about the privatization rant. If I had my SS money in a private account it would not have been affected by the market downturn if it was managed properly. There are some accounts that are very risk advert and actually do better when the market is down. They are designed to win/win no matter what the market does and tops SS returns many times over.

                                • 8 votes
                                #1.68 - Fri Jul 22, 2011 5:27 PM EDT
                                digitusmedius

                                You two really think we're falling for that BS. lisaed ran away from my question like it was poison. And what on earth do you support this statement with, U:

                                I had my SS money in a private account it would not have been affected by the market downturn if it was managed properly.

                                That's a classic of wishful thinking if there ever was one. Every sector of economy was hit in this last recession. The govt wasn't going to give you a completely free hand to go invest in anything you wanted. YOu wouldn't have been permitted to speculate in gold, for example. And did you miss this back when privatization was being formulated?:

                                A clawback works something like this-for each dollar workers contribute to an individual account, their Social Security benefits are reduced by that amount plus whatever that amount would have generated in interest.

                                  #1.69 - Fri Jul 22, 2011 6:37 PM EDT
                                  Lkessler

                                  digitus quoted:

                                  A clawback works something like this-for each dollar workers contribute to an individual account, their Social Security benefits are reduced by that amount plus whatever that amount would have generated in interest.

                                  If the government gurus had let me pull out my SS money for me to do my own investment, I guarantee you that I would've generated 5x what it would've made for everyone in the SS trust fund. And it would benefit just me.

                                  So, yeah, I think that's great. Just let me have my money. I know how to invest it better.

                                  • 9 votes
                                  #1.70 - Fri Jul 22, 2011 7:38 PM EDT
                                  Lkessler

                                  Oh, and that quote of digitus up there comes straight out EPI's Issue Brief #172 from 10 years ago.

                                  Its author is Christian Weller.

                                  • 8 votes
                                  #1.71 - Fri Jul 22, 2011 7:44 PM EDT
                                  digitusmedius

                                  And it's just as relevant and correct today as it was 10 years ago. Right wing goals to destroy soc sec haven't changed. LK, SocSec was never meant to be a pension plan. You can invest in all sorts of tax deferred ways to make that nest egg grow. SocSec is your safety chute should you not turn out to be as brilliant an investor as you think you are or, more likely, if some future Republican administration or Congress is allowed to crash the economy just after you've decided to retire.

                                    #1.72 - Fri Jul 22, 2011 8:41 PM EDT
                                    Lkessler

                                    Digitus: I know I am an excellent investor. My nest-egg proves it.

                                    Are you relying on social security/medicare? I hope not. It's not going to be there.

                                    Get yourself an education on what a trust-fund is (which is what SS is) and then talk to the rest of us. Just because it's Social Security, it doesn't mean there aren't a hundred hands in there, messing with it, taking money out of it, and using it to pay whatever political favors are owed.

                                    And as for Mr. Weller's article--well, I was merely giving people that which you failed to do: an actual link to it. People who can read can decide for themselves if the article and its opinions are relevant to today's investors or not. I know that my private investment accounts have done for the last 15 years quite well, and will continue to do far better than my SS money--I know, I get a little semi-booklet once a year about my money in there and how much its grown--which is to say, hardly.

                                    • 8 votes
                                    #1.73 - Sat Jul 23, 2011 11:46 AM EDT
                                    digitusmedius

                                    Then what are you bitching about? You'll have your nest egg AND a bit of extra cash every month. By the way, depending on how much you've made over the years, you're likely to have received more from SocSec than you put in 7-10 years. Depending on how long you live you couldn't do better with any other kind of fixed benefit investment.

                                      #1.74 - Sat Jul 23, 2011 12:38 PM EDT
                                      Lkessler

                                      I'd say the only person "whining" around here about anything it's you. Or do you not like your opinions challenged?

                                      Well, in that case, allow me to explain to you that by posting an opinion to Newsvine, without providing accurate background, you're only asking for someone else to do what you don't do (provide actual links with a full article, instead of a snippet), allowing everyone else to read the whole item and make an educated decision.

                                      If it's your opinion you don't like challenged--well, this is Newsvine. We all get a bit of that now and again, right?

                                      • 8 votes
                                      #1.75 - Sat Jul 23, 2011 6:40 PM EDT
                                      digitusmedius

                                      Opinions are one thing, facts are another. Weller's article provided abundant facts to support my statements. You've come up with exactly ZERO to support your erroneous claims.

                                        #1.76 - Sun Jul 24, 2011 11:33 AM EDT
                                        Lkessler

                                        Digitus: I have my investments as proof that:

                                        a) markets are cyclical
                                        b) you can't time the markets (ie. you can't predict when to get in and when to get out).
                                        c) Nothing government does to "stimulate" markets ever works--markets are strictly the beasts of supply and demand--and for that, I direct you to Apple and Steve Jobs, who's iPhone and iPad are practically immune, because the moment they come out, people will shell whatever they must to have one. That's because Apple and Jobs know to respond to consumer demand--and with every new version of these items, they cater to the consumer. A consumer that gets what he wants will pay what the company demands to get it.

                                        So, really, my claims aren't erroneous. You're just mad--and it's ok. We don't need to agree. But thank you Steve Jobs for proving that a good product is all that it takes to make money--even in this awful market, people will save and scrimp for an iPhone.

                                        • 9 votes
                                        #1.77 - Sun Jul 24, 2011 5:20 PM EDT
                                        digitusmedius

                                        No one would argue with nos. 1 & 2, LK. No. 3 is another thing altogether. There are many things government action or inaction can do to an economy. You may not like the concept of government spending stimulating economic activity but it's a demonstrable fact. Both Republicans and Democrats employ it, in different ways, but the biggest difference between the two parties is that Dems offset their spending by increasing revenues (taxes) and Republicans do it by charging it to future generations.

                                          #1.78 - Mon Jul 25, 2011 9:47 AM EDT
                                          Reply
                                          digitusmedius

                                          You can tell when the tide turns against the Republicans. Suddenly all the right wing commenters start churning out the same basic message, which of course is the complete opposite of reality, that Obama's losing it. Meanwhile, you can almost see the sweat beads on McConnell's forehead as he warns his fellow 'Pugs that their marching headlong into another 1995 debacle.

                                          • 11 votes
                                          #2 - Thu Jul 14, 2011 10:42 AM EDT
                                          Rich-2229277

                                          "which of course is the complete opposite of reality, that Obama's losing it."

                                          Well I guess the new reality is the twilight zone!

                                          It is not that Obama has lost control because he was not ever in possession of it!

                                          • 15 votes
                                          #2.1 - Thu Jul 14, 2011 12:25 PM EDT
                                          AmericaRepublic

                                          It is not that Obama has lost control because he was not ever in possession of it!

                                          Finely said..well done Rich..I would vote that up a thousand times if I could.

                                          • 13 votes
                                          #2.2 - Thu Jul 14, 2011 12:26 PM EDT
                                          Rich-2229277

                                          Thank you AR! It is something that requires no glasses to see....

                                          • 10 votes
                                          #2.3 - Thu Jul 14, 2011 12:33 PM EDT
                                          digitusmedius

                                          And, yet, it's the Republicans who are in disarray and panic. Go figure.

                                          • 7 votes
                                          #2.4 - Thu Jul 14, 2011 12:35 PM EDT
                                          JEFFINVA

                                          Rich-

                                          Probably requires your tin foil hat though.

                                          The only people that think he has lost control are the people that have been hoping he would lose control. Maybe if you didn't check the political climate of America by tuning in to Rush you would realize that.

                                          • 5 votes
                                          #2.5 - Thu Jul 14, 2011 12:38 PM EDT
                                          Rich-2229277

                                          Disarray?

                                          Well you are certainly correct! I can not remember when the left, right, center, up, down parties have not been.

                                          Both parties have their political heads in the duffel bags! I am not sure if there is enough Vaseline in the world to help pull them out.

                                          • 7 votes
                                          #2.6 - Thu Jul 14, 2011 12:53 PM EDT
                                          Rich-2229277

                                          JEFFINVA,

                                          If it takes me to have to wear a foil hat so be it. I wore a damn OD helmet for 20 years!

                                          The difference between you and me is that I realize and understand the so called "political climate" is crap. Crap made and stored by both parties to push off on you and me!

                                          I do not nor have I ever wished for him to lose control because that would be like cutting my own throat!

                                          Political control is all dung when the whole planet is aware of the presidents failures and unpredictability and loyalties it is crystal clear. He has never had control to lose and the lack of support from even his own party shows this to be fact.

                                          There is a light at the end of the political tunnel and he will never allow himself to see it!

                                          • 10 votes
                                          #2.7 - Thu Jul 14, 2011 1:06 PM EDT
                                          JEFFINVA

                                          While you might dismiss him as not having any control, you have to give him some credit for the reason he has lost the parties support. Out of all the mess that is going on he still has seemed to be the only one in Washington from either side that still realizes that compromises need to be made for a deal. The left gives him crap for giving the Republicans an inch and the right gives him crap for not giving a mile. While I don't see why this raise of the debt ceiling is so much more complex than the last 30 times it has been done, I think he has done a decent job of trying to help fix the gridlock we know as Congress.

                                          • 3 votes
                                          #2.8 - Thu Jul 14, 2011 2:15 PM EDT
                                          merleliz

                                          While I don't see why this raise of the debt ceiling is so much more complex than the last 30 times it has been done, I think he has done a decent job of trying to help fix the gridlock we know as Congress.

                                          Well, when he was part of that gridlock known as Congress, he voted AGAINST raising the debt ceiling and called it a "failure of leadership" to even consider it.

                                          What has changed? Apart from the fact that he is now the one wanting more money for spending on his programs...including the massively expensive monstrosity known as Obamacare. But then, when he was running for President he sharply criticized and mocked Hilary Clinton for her healthcare proposal because of the issue of the individual mandate.

                                          "Hope and Change"? Nah...just more of the same, hypocrisy and lies.

                                          • 8 votes
                                          #2.9 - Fri Jul 15, 2011 9:45 AM EDT
                                          beaz-435179

                                          The president has acknowledged that he was just a freshman senator who made a mistake -- just like all of the freshmen republicans who are now in congress who simply don't understand the ramifications of what they are doing. Social security is solvent for 25 years and if the government pays back the $4 trillion it owes SS, with the borrowing beginning with dwight david eisenhower to build the road system, we would have 6 trillion in the social security fund and it would out live anyone alive on this planet today except for the odd person who lives to be 150. As to what has changed, he is flexible enough to admit his mistakes, instead of signing a pledge of "no new taxes" to a right wing nutjob named Norquist instead of to the American people and being stuck with that and refusing to back down as the republicans are doing.

                                            #2.10 - Fri Jul 15, 2011 12:28 PM EDT
                                            greg-709692

                                            The president has acknowledged that he was just a freshman senator who made a mistake

                                            Most people learn from their mistakes. Is Obama ready to do that yet?

                                            • 6 votes
                                            #2.11 - Fri Jul 15, 2011 12:33 PM EDT
                                            digitusmedius

                                            He certainly seems to have learned not to trust Republicans any farther than he could throw one. But, I agree, it has taken him a long time to realize the obvious: that Republicans are snakes and can never be trusted.

                                              #2.12 - Fri Jul 15, 2011 1:17 PM EDT
                                              greg-709692

                                              He certainly seems to have learned not to trust Republicans any farther than he could throw one.

                                              If it takes two years to figure something out, can you say "Slow".

                                              That's why we're in this mess. Obama is way too slow.

                                              • 5 votes
                                              #2.13 - Fri Jul 15, 2011 1:28 PM EDT
                                              digitusmedius

                                              I agree. He should have started ignoring and rolling over Republicans a long time ago. He let them stymie the recovery and they capitalized on that last year. It's not too late. I hope to see it happen this weekend or next week.

                                              • 2 votes
                                              #2.14 - Fri Jul 15, 2011 1:37 PM EDT
                                              greg-709692

                                              :)

                                              • 5 votes
                                              #2.15 - Fri Jul 15, 2011 1:40 PM EDT
                                              Reply
                                              WeldDem

                                              The money is only there if the treasury pays the worthless IOU'S that previous administrations have left us with AFTER RAIDING THE FUND TO SUPPORT THEIR GENERAL FUND.

                                              • 8 votes
                                              Reply#3 - Thu Jul 14, 2011 10:54 AM EDT
                                              Libertarian y2k

                                              There you go. And the general fund will be unable to honor the I.O.U's when they start coming in in volume.

                                              • 7 votes
                                              #3.1 - Fri Jul 15, 2011 7:23 PM EDT
                                              Reply
                                              tyler-1708225

                                              But that is not what they said, Weld. They claimed all is fine.

                                              • 8 votes
                                              Reply#4 - Thu Jul 14, 2011 11:10 AM EDT
                                              WeldDem

                                              And you believe that? What other fairy tales do you believe in?

                                              I hope you were being sarcastic.

                                              • 2 votes
                                              #4.1 - Thu Jul 14, 2011 1:42 PM EDT
                                              Reply
                                              Big Jack JohnsonDeleted
                                              digitusmedius

                                              From the Bipartisan Policy Center (via ABC News):


                                              Although the Treasury Department likely could avoid delaying Social Security checks, the analysis by the Bipartisan Policy Center points up the depth of the cuts that would be needed if the $14.3 trillion debt ceiling isn't raised.

                                              It shows that in August, the government could not afford to meet 44% of its obligations. Since the $134 billion deficit for that month couldn't be covered with more borrowing, programs would have to be cut.

                                              If Social Security, Medicare, Medicaid, unemployment benefits, payments to defense contractors and interest payments on Treasury bonds were exempt, that would be all the government could afford for the month. No money for troops or veterans. No tax refunds. No food stamps or welfare. No federal salaries or benefits.

                                              Want to protect the social safety net? That would be possible but only if Treasury stopped paying defense contractors, jeopardizing national security. Plus virtually every federal agency and employee.

                                              "We should be honest with ourselves what this would be like, and the answer is it would be chaotic," said Jay Powell, a former top Treasury official in President George H.W. Bush's administration. "There is no way to avoid really serious pain."

                                              The Bipartisan Policy Center studied Treasury Department receipts and spending for August 2009 and 2010 and found that the government likely would not have enough revenue to make the full $23 billion payment to Social Security recipients due Aug. 3. That's the first Wednesday of the month, when a majority of Social Security and Supplemental Security Income checks go out.

                                              So, you could make social security payments if we didn't pay the military for a while. That really would save us some big money, right?

                                              • 6 votes
                                              Reply#6 - Thu Jul 14, 2011 11:29 AM EDT
                                              WeldDem

                                              But BUT the milatary has the big guns.

                                              LOL

                                              • 2 votes
                                              #6.1 - Thu Jul 14, 2011 1:44 PM EDT
                                              vol fan in chatt, tn

                                              Yep, and all the while the Dems were spending like drunken sailors and now that they don't have anymore money and a credit card, they are squealing like pigs... Hey, jackhat, we were told by you to "tighten our belt", now it's time for you to tighten yours! And quit yer whining for Pet's sake...it unbecoming of a President.

                                              • 10 votes
                                              #6.2 - Thu Jul 14, 2011 5:54 PM EDT
                                              Runner99

                                              Vol, I wish I could vote that up more than once. The government needs to live within our means, not the other way around.

                                              • 10 votes
                                              #6.3 - Thu Jul 14, 2011 5:59 PM EDT
                                              lifeisgood43

                                              Reps are the one of growing Gov't and spending but not paying for crap. That is a known and truthful fact.

                                              Also we were told that Defict don't matter from the last Rep VP. We also were told that therich would hire people if they get all of the tax breaks and cuts. That too was told by Rep during the last Rep WH Admin.

                                              Now the Reps are all over the place. They are losing their freaking minds. Speaker Bohner doesn't even know if any Debt Ceiling plan will pass the House. Bohner looks so said in his new job. Bohner has no power at all.Cantor, aka THE SPOIL CHILD" is treating everyone like he is the king. This is the same man who told people in a disaster that money will not come to you until we find spending cuts. So while the Pres is speaking, Cantor cuts him off 3 times to say the same crap that was told it wasn't going to work.Then you have McConnell telling the world that he wants to defeat Pres Obama no matter what.

                                              REPS ARE EXPLODING AS THEY SEE POLLS AFTER POLL BLAMING THEM FOR THIS CRAP. The problem is that the Tea Party people don't care. That Grover Norquist guy, aka "The Tax Man" doesn't care either as long as the Reps upheld his stupid PLEDGE.

                                              WOW

                                              • 1 vote
                                              #6.4 - Thu Jul 14, 2011 6:47 PM EDT
                                              vol fan in chatt, tn

                                              LIG...not so much:

                                              this -http://www.usgovernmentspending.com/debt_deficit_brief.php

                                              and

                                              this

                                              • 10 votes
                                              #6.5 - Thu Jul 14, 2011 9:39 PM EDT
                                              digitusmedius

                                              Might be a good idea for you to read the graphs in your links, volfan. If you notice when the steepest spike in spending begins, it happens to exactly coincide with the onset of George Bush's disastrous presidency. Thank you for reminding us of that. Usually right wingers have complete amnesia and don't seem to remember that name and certainly hate it when it's brought up.

                                              • 1 vote
                                              #6.6 - Fri Jul 15, 2011 10:54 AM EDT
                                              Reply
                                              owlsview

                                              Now would be a good time to play the blame game on Congress. Both parties have dominated Congress from time to time and both parties have raised and mistreated our social programs.Let's include the Presidency in this also.

                                              So here is what we do. Let's cut all Congressional and the Presidents pay, as well as the salaries of all "Management" positions within all departments of the Federal Government and not restore them until such time as our social programs are protected and the budget is used in a mature manner.

                                              It is only right that the people who are causing the pain should also feel it.

                                              • 10 votes
                                              Reply#7 - Thu Jul 14, 2011 11:44 AM EDT
                                              kazutam

                                              It is only right that the people who are causing the pain should also feel it.

                                              Agreed.

                                              • 9 votes
                                              #7.1 - Thu Jul 14, 2011 11:52 AM EDT
                                              Lkessler

                                              Well, I just saw a bit where Gayle King quotes John Boehner asking the President to define what the mission in Libya is before we commit any more troops and any more money, and the timeframe for said mission.

                                              When I heard Gayle King admit that she was agreeing with John Boehner, I nearly fainted from the shock!!!

                                              So, it's not just the out-of-control spending, the wasteful social programs, it's the unidentified missions in other countries that drain our budget. We can't continue to act like the world police if we don't have the people's house in order.

                                              As for who should feel the pain? Ditto.

                                              • 14 votes
                                              #7.2 - Thu Jul 14, 2011 12:17 PM EDT
                                              Sgt. Pepper

                                              Let's cut all Congressional and the Presidents pay, as well as the salaries of all "Management" positions within all departments of the Federal Government and not restore them until such time as our social programs are protected and the budget is used in a mature manner.

                                              You are forgetting that pay increase/decrease proposals originate through Congress. At most, all they do is vote against their cost-of-living raises.

                                              • 3 votes
                                              #7.3 - Thu Jul 14, 2011 1:08 PM EDT
                                              owlsview

                                              Well we may just have to change a few things. Perhaps pay raises etc. can be proposed by Congress, but should be decided by voters by being placed on the ballot each general election and letting the voters decide. I haven't met very many bosses who allow employees to determine their own rate of pay. They are working for us aren't they?

                                              That may sound silly considering the way things are and have been for a long time. but they don't have to stay that way. All it takes is some guts on the part of voters.

                                              • 9 votes
                                              #7.4 - Thu Jul 14, 2011 5:29 PM EDT
                                              Reply
                                              Luke Wright

                                              President Obama is the leader of the American Talicrat Party. They terrorize without conscience the elderly and the weak to try and further thier filthy Talicrat agenda. It's pathetic and sad.

                                              • 11 votes
                                              Reply#8 - Thu Jul 14, 2011 11:56 AM EDT
                                              digitusmedius

                                              Oh, gawwwwwwwwwwwwwwwwwwwwwd. So tiresome.

                                              • 7 votes
                                              #8.1 - Thu Jul 14, 2011 12:16 PM EDT
                                              Darkdonnie

                                              Oh, gawwwwwwwwwwwwwwwwwwwwwd. So tiresome.

                                              I thought you lib/progs didn't believe in God? hmmmm

                                              • 9 votes
                                              #8.2 - Thu Jul 14, 2011 2:57 PM EDT
                                              Joanna Caroll


                                              Oh, gawwwwwwwwwwwwwwwwwwwwwd. So tiresome.


                                              • 3 votes
                                              #8.3 - Thu Jul 14, 2011 3:01 PM EDT
                                              vol fan in chatt, tn

                                              nice play on words, Luke...

                                              • 7 votes
                                              #8.4 - Thu Jul 14, 2011 9:40 PM EDT
                                              digitusmedius

                                              I don't believe in gods, but I do believe in gawwwwwwwwwwwwwwwwwwwd.
                                              And, sorry, volfan and Luke but we libs first began using taliban word combinations years ago to describe right wing fundamentalist krischuns as "talibornagains." As usual you're late to the party. But imitation is the sincerest form of flattery and we appreciate your compliment.

                                              • 2 votes
                                              #8.5 - Fri Jul 15, 2011 10:59 AM EDT
                                              Reply
                                              greg-709692

                                              Best comment award.

                                              "Why we had enough money for Obama Care and stimulus, but not enough for Social Security and Medicare I'll never understand."

                                              • 10 votes
                                              #9 - Thu Jul 14, 2011 12:35 PM EDT
                                              digitusmedius

                                              Greg, is that how you feel, too? Really? You can't understand that? If you can't understand the difference between an appropriations bill and not raising the debt limit, what are you doing writing articles about anything on the NV? No wonder it's so easy to take you apart.

                                              • 5 votes
                                              #9.1 - Thu Jul 14, 2011 2:10 PM EDT
                                              greg-709692

                                              Yep, You've just torn me apart and every which way. :)

                                              Any answer on my question to you, if you, factcheck.org and the Board of trustee's are lying about solvency or is it your link and Obama that's lying.

                                              You do know what "Solvent" means don't you.

                                              • 11 votes
                                              #9.2 - Thu Jul 14, 2011 2:15 PM EDT
                                              digitusmedius

                                              A solvent is something that dissolves something else. Water is sometimes referred to as the "eternal solvent." Related terms are soluble, solute, solution and dissolute ;^). Any more questions?

                                              • 1 vote
                                              #9.3 - Thu Jul 14, 2011 3:02 PM EDT
                                              greg-709692

                                              Cute !

                                              • 10 votes
                                              #9.4 - Thu Jul 14, 2011 3:07 PM EDT
                                              digitusmedius

                                              Oh, I defer entirely to you on cuteness. Like pretending that SocSec solvency had anything to do with the President's comment. It doesn't get cuter than that.

                                              • 2 votes
                                              #9.5 - Thu Jul 14, 2011 4:03 PM EDT
                                              vol fan in chatt, tn

                                              and yet, digi doesn't answer the question....again.

                                              • 10 votes
                                              #9.6 - Thu Jul 14, 2011 9:41 PM EDT
                                              greg-709692

                                              Hard to answer when you know the President is lying in his interview statement, especially when your trying to protect him.

                                              • 8 votes
                                              #9.7 - Fri Jul 15, 2011 6:53 AM EDT
                                              digitusmedius

                                              Fiscal solvency is the ability to pay bills in full. SocSec is fully solvent until 2037, as stated above. Any more questions?

                                              P.S. All the lying is about this President, not by him.

                                              • 1 vote
                                              #9.8 - Fri Jul 15, 2011 11:01 AM EDT
                                              Lkessler

                                              People, if you really want to understand the Solvency issue with the biggest entitlement programs in the US, Medicare and SS, please read this article.

                                              Doing so will require having one's eyes open, however.

                                              Once you read and comprehend it, please note the very first and most up-to-date numbers indicate fiscal insolvency for both programs.

                                              Where you people get that these programs are solvent is beyond me. The math doesn't add up, even the use of imaginary numbers couldn't save SS/Medicare.

                                              So, wake up. I know I'm never going to see a dime of what's withheld out of my paychecks for Medicare/SS--why a lot of you expect to see your Medicare funds keeps me puzzled.

                                              • 9 votes
                                              #9.9 - Fri Jul 15, 2011 4:16 PM EDT
                                              Libertarian y2k

                                              Absolutely right Lkessler. No way can government honor the massive debt owed to these funds. Well, unless they open a few dozen more printing presses; then the dollar will be worth a few pennies but at least they can say they paid their bills :)

                                              • 6 votes
                                              #9.10 - Fri Jul 15, 2011 6:32 PM EDT
                                              digitusmedius

                                              That SocSec and Medicare will need fixes to insure that they both remain solvent indefinitely is well known. Those fixes are relatively minor. I ran across something earlier today that Medicare can be made solvent for decades for just the cost of one year of war costs. IOW, nothing to see at the link in #9.9.

                                              • 1 vote
                                              #9.11 - Fri Jul 15, 2011 6:43 PM EDT
                                              Lkessler

                                              So you read--with your eyes closed...

                                              And here I thought only The Cat in the Hat could do that! (and even he advises that it's best to read with one's eyes wide open).

                                              If you think the fixes are minor, as I said, either you're very close to retirement or retired already. For those of us with 20 or more years 'til retirement? Not even close to "easy fixes."

                                              Let me keep my money--at least I know how to invest it so it grows and works harder--for me!

                                              • 9 votes
                                              #9.12 - Fri Jul 15, 2011 6:50 PM EDT
                                              Libertarian y2k

                                              So social security is solvent and fully funded. Whew, what a relief. Then I guess we don't have to borrow money to make payments then right? But that would make Obama .........

                                              • 8 votes
                                              #9.13 - Fri Jul 15, 2011 8:12 PM EDT
                                              Extraterrestrial

                                              A liar............?..............

                                              Couldn't resist! sorry!

                                              • 8 votes
                                              #9.14 - Mon Jul 25, 2011 8:32 PM EDT
                                              digitusmedius

                                              Jeezis, trying to educate rightwingers is like trying to get pigs to recite Shakespeare. SocSec is fully solvent until 2037 @ 100% of promised benefits. It would then be solvent for another 50 years @75% of benefits but would need additional funding to remain @100% of benefits. This really isn't very difficult arithmetic but fro rightwingers it must look like theoretical mathematics; they just can't figure it out.

                                                #9.15 - Mon Jul 25, 2011 10:37 PM EDT
                                                greg-709692

                                                SocSec is fully solvent until 2037 @ 100% of promised benefits.

                                                Since this budget doesn't run until 2037, but SS is 100% solvent until 2037 no matter what happens, Obama's little "We may not make SS payments Aug. 2nd 2011, Is a Lie!

                                                Based on the postings , Factcheck, digitusmedia, me, all the others posting and the Board of Trustee's is correct, and Obama and digitusmedia's link is a lie about SS payments in aug. 2011..

                                                • 6 votes
                                                #9.16 - Tue Jul 26, 2011 7:42 AM EDT
                                                digitusmedius

                                                greg, greg, greg, we've been over this time and time again. Solvency has nothing to do with daily treasury receipts and payments due. This has been explained to you in meticulous detail. Do you continue to believe the SocSec Trust Fund is just a whole lot of cash stuffed into drawers somewhere in the SSA offices? Jeezis on a stick, greg. You almost wear me out. Is that the objective--just wear people out with stubborn refusal to learn anything?

                                                  #9.17 - Tue Jul 26, 2011 10:35 AM EDT
                                                  greg-709692

                                                  Then you and others need to stop using that word "Solvent".

                                                  solvent

                                                  Definition

                                                  1. having enough money: having enough money to cover expenses and debts

                                                  Especially "Fully Solvent".

                                                  comment #9.15

                                                  SocSec is fully solvent until 2037 @ 100% of promised benefits.

                                                  • 6 votes
                                                  #9.18 - Tue Jul 26, 2011 10:51 AM EDT
                                                  digitusmedius

                                                  It's the correct word, no matter what your ideologues tell you to believe, greg. I know the right wing political correctness goon squads demand complete obedience to their perversion of the language but at some point right wingers will just have to throw off their chains and stop bowing to the intimidation.

                                                    #9.19 - Tue Jul 26, 2011 12:14 PM EDT
                                                    greg-709692

                                                    Must be hard living the life of deflect, deceive and just being wrong digitusmedius, but, it's a burden you must bear!

                                                    • 6 votes
                                                    #9.20 - Tue Jul 26, 2011 12:37 PM EDT
                                                    digitusmedius

                                                    By your own definition, greg, SocSec is solvent. By any fiancial definition, SocSec is solvent. Your ability to look at the fact and draw the opposite conclusion just attests to how well you've been indoctrinated by right wing orwellian propaganda.

                                                      #9.21 - Tue Jul 26, 2011 12:51 PM EDT
                                                      greg-709692

                                                      Comprehension is a wonderful thing digitusmedia. Try it and re-read the article and my post's! And if your gonna cut and paste anything from me, use the entire comment, plus, the one I was posting about. Don't want any misunderstanding now, would we.

                                                      Apparently you read nothing, but know everything.

                                                      "Stewart Smalley" is not a good look for you.

                                                      • 5 votes
                                                      #9.22 - Tue Jul 26, 2011 1:01 PM EDT
                                                      digitusmedius

                                                      greg, you have a way of claiming your comments say something different from what is in plain black and white. Are you using some invisible characters that only you can see? Let's see if you can answer a straightforward question without doing a polka: Do you agree SocSec is solvent or not?

                                                        #9.23 - Tue Jul 26, 2011 1:11 PM EDT
                                                        greg-709692

                                                        tsk, tsk, tsk. Wrong Again.

                                                        • 5 votes
                                                        #9.24 - Tue Jul 26, 2011 1:22 PM EDT
                                                        digitusmedius

                                                        Is that I'm wrong to say SocSec is solvent or are you dodging the question yet again(is that the faint strains of a polka I hear)? Somebody must have told you you were cute too often when you were a kid, greg. (is that the faint strains of a polka I hear?)

                                                          #9.25 - Tue Jul 26, 2011 1:52 PM EDT
                                                          greg-709692

                                                          read, read and read again digitusmedia. I'm not gonna do your homework for you, since it's all right here in front of you.

                                                          Awww, what the heck, read just comment #9.16 again:

                                                          Based on the postings , Factcheck, digitusmedia, me, all the others posting and the Board of Trustee's is correct,

                                                          In other words, "Obama was full of crap" in his fearmonger rhetoric. And you've helped prove that digitusmedia. It's what I've been saying since i wrote the article.

                                                          Try reading comment #1.6 too. Very simple to understand.

                                                          Oh, and read the article. It actually shows the Dems are calling Obama's rhetoric a lie too.

                                                          • 5 votes
                                                          #9.26 - Tue Jul 26, 2011 2:02 PM EDT
                                                          Runner99

                                                          Greg,

                                                          Don't you think it digusting that if Social Security is solvent that the President would threaten non payment to recipients?

                                                          • 7 votes
                                                          #9.27 - Tue Jul 26, 2011 2:05 PM EDT
                                                          greg-709692

                                                          Makes no sense what-so-ever, unless ....... Nah, It couldn't be an election ploy.....Could it?

                                                          • 5 votes
                                                          #9.28 - Tue Jul 26, 2011 2:18 PM EDT
                                                          Runner99

                                                          :) Yep.

                                                          • 7 votes
                                                          #9.29 - Tue Jul 26, 2011 2:27 PM EDT
                                                          greg-709692

                                                          You didn't make my day runner! :(

                                                          Yes ya did. :)

                                                          • 6 votes
                                                          #9.30 - Tue Jul 26, 2011 2:37 PM EDT
                                                          digitusmedius

                                                          There you go again, greg, doing exactly what you say you don't do: conflating the SocSec trust fund solvency with the government's ability to pay everyone if it has to default. You've had it explained to you umpteen times and umpteen times you claim not to be doing this and umpteen times you continue to do it. Do you really think you fool anyone but the fools?

                                                          • 1 vote
                                                          #9.31 - Tue Jul 26, 2011 3:43 PM EDT
                                                          Runner99

                                                          Greg

                                                          I think the President is going to amend his statement. No social security checks will be sent out in August, 2037. Ooops.

                                                          • 7 votes
                                                          #9.32 - Tue Jul 26, 2011 3:50 PM EDT
                                                          greg-709692

                                                          His last speech was toned down quite a bit, wasn't it Runner. No threats but just good Ol' "Can't we just get along".

                                                          Very telling from his last interview/speech of threats of "No payment for you".

                                                          • 6 votes
                                                          #9.33 - Tue Jul 26, 2011 3:54 PM EDT
                                                          Runner99

                                                          Betcha Pelosi and Reid smacked him around before the speech.

                                                          • 7 votes
                                                          #9.34 - Tue Jul 26, 2011 3:58 PM EDT
                                                          greg-709692

                                                          He wouldn't have felt a thing. Hard to hurt someone that twirls so much. Just can't get em in the right spot. :)

                                                          • 6 votes
                                                          #9.35 - Tue Jul 26, 2011 4:00 PM EDT
                                                          digitusmedius

                                                          He said exactly the same thing last night: that he couldn't promise payments would be made. Gad, do you guys ever listen to anything but the sound of your own voices or do you never leave your little fantasy universe?

                                                            #9.36 - Tue Jul 26, 2011 4:14 PM EDT
                                                            greg-709692

                                                            So, He Lied Again ?

                                                            • 5 votes
                                                            #9.37 - Tue Jul 26, 2011 4:28 PM EDT
                                                            Runner99

                                                            Pffft.....does a bear crap in the woods?

                                                            • 6 votes
                                                            #9.38 - Tue Jul 26, 2011 5:39 PM EDT
                                                            digitusmedius

                                                            Meaning he told the truth, yes. You guys really need to get that figured out. We might have avoided a needless war in Iraq if you'd been able to tell the difference between truth and lies.

                                                              #9.39 - Tue Jul 26, 2011 6:20 PM EDT
                                                              greg-709692

                                                              Another Deflect.

                                                              Can SS Recipients be paid in August 2011 or not.

                                                              • 4 votes
                                                              #9.40 - Wed Jul 27, 2011 6:06 AM EDT
                                                              digitusmedius

                                                              We don't know yet, do we? The President said he wasn't sure they could be. He never said it was a certainty as much as you may think he said it. We do know, though, that whether or not they get paid or paid on time or not, it will have nothing to do with the solvency SocSec again, no matter how much you wish it so.

                                                                #9.41 - Wed Jul 27, 2011 11:15 AM EDT
                                                                greg-709692

                                                                Smoke and mirrors by Obama as usual.

                                                                They do know, they just don't want to say anything , because then we'd know the truth.

                                                                SS WILL be paid in August.

                                                                Liberals have no guts and they have the gaul to call the Republicans "Fear Mongers".

                                                                • 5 votes
                                                                #9.42 - Wed Jul 27, 2011 11:29 AM EDT
                                                                digitusmedius

                                                                If by smoke and mirrors you mean being honest about the uncertainty of what will happen come Aug. 3 if that debt ceiling is not raised, then, sure, okay.

                                                                SS WILL be paid in August.

                                                                You will be right, of course, if the debt ceiling is raised. But if not, and they come up short, where will we be able to find you, greg?

                                                                • 1 vote
                                                                #9.43 - Wed Jul 27, 2011 11:38 AM EDT
                                                                greg-709692

                                                                I'll send my address if the debt ceiling isn't raised and they "Can't get their checks" thanks to Obama. I've got Obama's email so they can contact me to find out where they have to go to bitch to him about his wasteful spending to get us even further in debt and blowing all that money they invested in the system.

                                                                Happy?

                                                                • 6 votes
                                                                #9.44 - Wed Jul 27, 2011 11:46 AM EDT
                                                                digitusmedius

                                                                Of course, it will be the Republicans' failure, as usual, to act responsibly. Just a bunch of thugs in suits is what they are. The country is going to feast on the details of how they refused to compromise on anything and set this up for the sole purpose of damaging the President by destroying the economy. It will know who to hold accountable no matter how much the Republicans lie about it.

                                                                  #9.45 - Wed Jul 27, 2011 12:58 PM EDT
                                                                  greg-709692

                                                                  And Obama's plan is What ???

                                                                  Sorry, forgot. His got voted down by 100% of the electorate.

                                                                  But he is good at going after the other plans. I'd say it's jealousy. At least the other ones get some votes for. :)

                                                                  • 6 votes
                                                                  #9.46 - Wed Jul 27, 2011 1:03 PM EDT
                                                                  digitusmedius

                                                                  Sorry, forgot. His got voted down by 100% of the electorate.

                                                                  Yer trippin', greg. "100% of the electorate." I'm howlin' here. greg, I think you need a nap. This ridiculous position you've put yourself in has put too much stress on you. But thanks for the chuckles.

                                                                    #9.47 - Wed Jul 27, 2011 1:55 PM EDT
                                                                    greg-709692

                                                                    I'll do your homework again.

                                                                    the Obama budget for 2012 failed by the astounding final count of 0 to 97. Not even Bernie Sanders (S., Vt.) could bring himself to support the president’s plan, raising the question, as one observer in the Senate gallery put it: “Are Democrats actually for anything?”

                                                                    The Ryan budget, on the other hand, was voted down 40 to 57, with five Republicans — Sens. Brown, Collins, Murkowski, Paul and Snowe — voting ‘no,’ along with every Democrat.

                                                                    If it was so great, they could of used it as a starting point for this discussion they're going through now. But, Dems thought his only idea was hideous. At least Ryans plan almost broke even in the vote.

                                                                    • 4 votes
                                                                    #9.48 - Wed Jul 27, 2011 2:20 PM EDT
                                                                    Runner99

                                                                    President's budget sinks, 97-0

                                                                    By Alexander Bolton - 05/25/11 06:15 PM ET

                                                                    The Senate voted unanimously on Wednesday to reject a $3.7 trillion budget plan that President Obama sent to Capitol Hill in February.

                                                                    Ninety-seven senators voted against a motion to take it up.

                                                                    • 6 votes
                                                                    #9.49 - Wed Jul 27, 2011 2:24 PM EDT
                                                                    digitusmedius

                                                                    Yeah, like the Senate is "100% of the electorate." As I've attempted to educate you many times on this (and so many other subjects, all in vain it appears) that was a procedural vote that no one, even the WH, cared in the slightest about. I know right wingers need every little shred of something to pretend is important so they can attempt to make a federal case out of it, but really, greg, the strain on you to do this is getting obvious. \

                                                                    Meanwhile, in what is really funny and important both, Boner doesn't seem to have enough votes to pass his own plan for raising the debt ceiling. Talk about a clown show, the Republicans could put this in a circus act.

                                                                      #9.50 - Wed Jul 27, 2011 2:27 PM EDT
                                                                      greg-709692

                                                                      Don't give us the procedural thing as an excuse. no one wanted to touch it with a ten foot pole, period.

                                                                      Based on your comment:

                                                                      no one, even the WH, cared in the slightest about.

                                                                      Seems to be a pattern for Democrats.

                                                                      • 5 votes
                                                                      #9.51 - Wed Jul 27, 2011 2:32 PM EDT
                                                                      digitusmedius

                                                                      By the time the Senate decided to take up the issue, the offer was off the table. The strain, greg. Mind the strain.

                                                                        #9.52 - Wed Jul 27, 2011 2:37 PM EDT
                                                                        Runner99

                                                                        The Senate decided not to take up the issue period. They voted on a motion to take it up. 97 to zip. Where did you get your information of the offer being off the table prior to a motion vote.

                                                                        • 7 votes
                                                                        #9.53 - Wed Jul 27, 2011 2:42 PM EDT
                                                                        greg-709692

                                                                        Just think, if the Majority Democrats had taken up this responsibilty when they should have, It would only be July 2010 and Not July 2011.

                                                                        Makes that "Not Care" comment of digitusmedia's have more meaning.

                                                                        • 6 votes
                                                                        #9.54 - Wed Jul 27, 2011 2:46 PM EDT
                                                                        digitusmedius

                                                                        Dems passed debt limit increases in both 2009 and 2010. Is there anything you can get right, greg.

                                                                        Right, Runner. It was a procedural motion to consider and it failed. If the WH had wanted it considered, it would have gotten votes. The merits of the proposal were never debated and that's because the proposal was rendered obsolete by Republicans refusal to consider it in the House. Since all revenue bills must begin in the House and the House leadership made it clear the President's budget was not going to be debated, there was no point in the Senate taking it up at all.

                                                                          #9.55 - Wed Jul 27, 2011 2:57 PM EDT
                                                                          greg-709692

                                                                          Willy Nilly Spending with no concrete direction.

                                                                          Yep, that was great. Not!

                                                                          • 6 votes
                                                                          #9.56 - Wed Jul 27, 2011 3:09 PM EDT
                                                                          Runner99

                                                                          The Republicans are in Majority but don't hold every seat. The Democrat's voted that down as well. 97 - 0. It was rendered obsolete because it stunk.

                                                                          • 7 votes
                                                                          #9.57 - Wed Jul 27, 2011 3:24 PM EDT
                                                                          digitusmedius

                                                                          Must I repeat things dozens of times before you, greg, and now your buddy, Runner, get it? All revenue bills must begin in the House of Representatives. Where does it say that? In the Constitution that right wingers claim to be so expert about.

                                                                            #9.58 - Wed Jul 27, 2011 5:24 PM EDT
                                                                            greg-709692

                                                                            Yippers.

                                                                            Dems controlled the House in 2009 and 2010.

                                                                            • 6 votes
                                                                            #9.59 - Wed Jul 27, 2011 5:31 PM EDT
                                                                            digitusmedius

                                                                            Good, greg. Well done.

                                                                              #9.60 - Wed Jul 27, 2011 5:44 PM EDT
                                                                              Runner99

                                                                              No one is arguing about where the bill started. You just don't want to accept where it ended.

                                                                              • 7 votes
                                                                              #9.61 - Wed Jul 27, 2011 5:49 PM EDT
                                                                              digitusmedius

                                                                              How can I not accept where it ended? You can't understand why it ended. And speaking of endings, both the President's original budget proposal and Ryan's ugly monster of an economy killer came to the same end. They're both just as dead regardless of what the vote count was. Now, how are you gonna spin that fact?

                                                                                #9.62 - Wed Jul 27, 2011 5:50 PM EDT
                                                                                Runner99

                                                                                Sure I can understand it. What's to spin?

                                                                                • 7 votes
                                                                                #9.63 - Wed Jul 27, 2011 5:52 PM EDT
                                                                                digitusmedius

                                                                                You've been desperately trying to weave the vote on the Obama budget proposal into something it isn't so it would be in character for you to keep on spinning.

                                                                                  #9.64 - Wed Jul 27, 2011 7:03 PM EDT
                                                                                  Runner99

                                                                                  Ahhhhh.....I see. What exactly did I spin in the Obama budget proposal?

                                                                                  • 6 votes
                                                                                  #9.65 - Wed Jul 27, 2011 7:44 PM EDT
                                                                                  digitusmedius

                                                                                  That the Senate vote had any significance beyond being a routine matter of clearing the Senate work schedule of an obsolete proposal. You and greg seem to think it was because no one liked it but in poll after poll shows the public agrees 2:1 with the President's proposals for a combination of cuts and taxes to achieve deficit reduction.

                                                                                    #9.66 - Wed Jul 27, 2011 8:03 PM EDT
                                                                                    Runner99

                                                                                    It's kinda fun to watch you step on your tippy toes to reach like that.

                                                                                    • 6 votes
                                                                                    #9.67 - Wed Jul 27, 2011 8:24 PM EDT
                                                                                    digitusmedius

                                                                                    greg even took it to mean that "100% of the electorate." greg never fails to crack me up.

                                                                                      #9.68 - Wed Jul 27, 2011 8:41 PM EDT
                                                                                      greg-709692

                                                                                      :D

                                                                                      Always glad to help Liberals.

                                                                                      You and greg seem to think it was because no one liked it

                                                                                      The "I don't care method" you posted sounds so much better for Dems. in 2012. Your no help for them at all digitusmedia.

                                                                                      • 5 votes
                                                                                      #9.69 - Thu Jul 28, 2011 9:53 AM EDT
                                                                                      digitusmedius

                                                                                      You've abandoned this imaginary "100% electorate" fantasy and now on to an imaginary "I don't care" thing? greg, substituting your words for mine isn't really a very clever form of argument. It's rather pathetic, in fact. It indicates that you really have nothing of value to come back with.

                                                                                        #9.70 - Thu Jul 28, 2011 10:23 AM EDT
                                                                                        digitusmedius

                                                                                        It's kinda fun to watch you step on your tippy toes to reach like that.

                                                                                        I guess it must make you feel better to imagine that, eh?

                                                                                          #9.71 - Thu Jul 28, 2011 10:24 AM EDT
                                                                                          greg-709692

                                                                                          Poor, poor digitusmedia. Spinning so much, fogetfulness is the downfall.

                                                                                          I didn't put any words in your mouth, you spouted it.

                                                                                          that was a procedural vote that no one, even the WH, cared in the slightest about.

                                                                                          You can't even remember the last thing you projected. your a Liberal babbler !

                                                                                          Spin, Spin, Spin, Deflect, Deflect, Deflect. Did you take Wassermann's place on the DNC ?

                                                                                          • 5 votes
                                                                                          #9.72 - Thu Jul 28, 2011 10:28 AM EDT
                                                                                          digitusmedius

                                                                                          Thanks,greg for the help. How does "no one, even the WH, cared" become the "The 'I don't care method'" in your mind? That's a bit* too much editorial license, m'lad.

                                                                                          * that's what's called understatement in the literate world, greg.

                                                                                          And you're violating the CoH, again, greg:

                                                                                          your a Liberal babbler !

                                                                                          I'll ignore the the grammatical mistake; I do that myself sometimes. Please note, it's the the label of Liberal that I mind (and I appreciate the capitalization); greg, the strain of things is really showing dramatically now. Maybe you should take a break.

                                                                                            #9.73 - Thu Jul 28, 2011 10:45 AM EDT
                                                                                            greg-709692

                                                                                            You Lose!

                                                                                            But here's an "I participated Trophy" to put on your shelf. Just so you won't feel bad.

                                                                                            • 6 votes
                                                                                            #9.74 - Thu Jul 28, 2011 10:48 AM EDT
                                                                                            digitusmedius

                                                                                            It's NOT the label of Liberal that I mind ;-)

                                                                                            You Lose!

                                                                                            If only your believing it made it so. The strain, greg. Mind the strain.

                                                                                              #9.75 - Thu Jul 28, 2011 10:49 AM EDT
                                                                                              greg-709692

                                                                                              Hey, It's a great Trophy.

                                                                                              I don't scrimp.

                                                                                              • 6 votes
                                                                                              #9.76 - Thu Jul 28, 2011 10:55 AM EDT
                                                                                              Extraterrestrial

                                                                                              Winners by an overwhelming landslide Greg and Runner! With a combined score of 176 upvotes!

                                                                                              digitusmedius 2 votes!

                                                                                              What an upset ladies and gentlemen! (Although not surprising!)
                                                                                              I would have jumped in there with you Greg and Runner but you guys were doing so well I didn't want to break your momentum!

                                                                                              Such a dramatic gap in numbers shows one crucial thing! A lot less people are believing what Obama has to say! That in itself is a victory for freedom!

                                                                                              • 6 votes
                                                                                              #9.77 - Fri Jul 29, 2011 2:47 AM EDT
                                                                                              digitusmedius

                                                                                              gawwwd, how pathetic; giving yourselves points and then high-fiving each other. Do you all have Ls hanging over your heads?

                                                                                                #9.78 - Fri Jul 29, 2011 8:54 AM EDT
                                                                                                greg-709692

                                                                                                gawwwd!

                                                                                                • 3 votes
                                                                                                #9.79 - Fri Jul 29, 2011 9:00 AM EDT
                                                                                                digitusmedius

                                                                                                gawwwwwwwwwwwwwwwwwd.

                                                                                                • 1 vote
                                                                                                #9.80 - Fri Jul 29, 2011 10:22 AM EDT
                                                                                                greg-709692

                                                                                                LMAO !!!!!!!!!!!!

                                                                                                • 3 votes
                                                                                                #9.81 - Fri Jul 29, 2011 10:26 AM EDT
                                                                                                digitusmedius

                                                                                                LMAO!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!*

                                                                                                *I win ;>)

                                                                                                • 1 vote
                                                                                                #9.82 - Fri Jul 29, 2011 10:31 AM EDT
                                                                                                greg-709692

                                                                                                The W's have it.

                                                                                                ROTFLMAO !!!!!

                                                                                                • 3 votes
                                                                                                #9.83 - Fri Jul 29, 2011 10:50 AM EDT
                                                                                                Extraterrestrial

                                                                                                Oh come on digit! Are you being a poor sport?

                                                                                                Couldn't you just accept defeat gracefully?

                                                                                                Because now you're just making yourself look foolish.

                                                                                                I really don't have a problem with that, it is rather entertaining!

                                                                                                • 5 votes
                                                                                                #9.84 - Fri Jul 29, 2011 4:45 PM EDT
                                                                                                digitusmedius

                                                                                                Defeat? Not a bit of it. I declared myself the winner and that's evidently how it's done around here (#9.77). Had I known the rules I would have done it a lot sooner. Too bad you didn't think of it for yourself. Apparently you don't think you're a winner. Tis sad, really. Pity.

                                                                                                  #9.85 - Fri Jul 29, 2011 6:47 PM EDT
                                                                                                  Runner99

                                                                                                  Here we go again. Greg, this is going to be the winner for the longest running article.

                                                                                                  E.T. Thanks for the compliment my friend.

                                                                                                  diitusmedius - Okay, you can be the winner......... of Greg's trophy.

                                                                                                  • 5 votes
                                                                                                  #9.86 - Fri Jul 29, 2011 8:42 PM EDT
                                                                                                  digitusmedius

                                                                                                  Who needs a trophy when I have the adoration of my fans? And you're right about this seed. It's starting to look older than I am. I'm away. Please feel free to look me up at several other seeds/articles that are a lot more lively and up to date.

                                                                                                  • 1 vote
                                                                                                  #9.87 - Fri Jul 29, 2011 8:52 PM EDT
                                                                                                  Runner99

                                                                                                  See ya. (after I recover from your blinding humbleness)

                                                                                                  • 5 votes
                                                                                                  #9.88 - Fri Jul 29, 2011 8:54 PM EDT
                                                                                                  Extraterrestrial

                                                                                                  You might want turn off some of those fans digit! You're wasting electricity!

                                                                                                  • 6 votes
                                                                                                  #9.89 - Sat Jul 30, 2011 1:43 AM EDT
                                                                                                  merleliz

                                                                                                  Besides...they are just wafting around hot air!

                                                                                                  • 2 votes
                                                                                                  #9.90 - Tue Aug 2, 2011 1:21 PM EDT
                                                                                                  Extraterrestrial

                                                                                                  Ohhhh! SNAP!

                                                                                                  That was a good one Merleliz!

                                                                                                  • 2 votes
                                                                                                  #9.91 - Tue Aug 2, 2011 3:20 PM EDT
                                                                                                  Reply
                                                                                                  Sgt. Pepper

                                                                                                  Liberals will tell you, the Republicans are the “Anti-Christ”, “Fear mongers”, “Granny Killers” etc… for even concidering adjustments in Social Security years ago

                                                                                                  Straw-man much?

                                                                                                  • 7 votes
                                                                                                  #10 - Thu Jul 14, 2011 12:56 PM EDT
                                                                                                  digitusmediusRestored

                                                                                                  Not to mention the psychological projection, a symptom common to schizophrenia.

                                                                                                  • 2 votes
                                                                                                  #10.1 - Thu Jul 14, 2011 2:11 PM EDT
                                                                                                  greg-709692

                                                                                                  Try it again digitusmedius, without going the "Personal Attack" way.

                                                                                                  • 12 votes
                                                                                                  #10.2 - Thu Jul 14, 2011 2:19 PM EDT
                                                                                                  digitusmedius

                                                                                                  Who was being personally attacked, greg? Doesn't there have to be a person involved? It is not a violation of the CoH to ridicule a political group, or you'd have been banned a long time ago. Put it back up.

                                                                                                  • 5 votes
                                                                                                  #10.3 - Thu Jul 14, 2011 3:06 PM EDT
                                                                                                  greg-709692

                                                                                                  Think about it and re-read Comment #10.

                                                                                                  That was my comment that was being used for the comment put out by Sgt. Pepper, not a party.

                                                                                                  You have every right to protest to NV.

                                                                                                  Anything else.

                                                                                                  • 9 votes
                                                                                                  #10.4 - Thu Jul 14, 2011 3:11 PM EDT
                                                                                                  digitusmedius

                                                                                                  I had no idea where the comment came from and didn't allude to you or any other particular person, therefore no personal attack. Furthermore, my comment didn't even contain an indefinite pronoun so it can't even be seen as referring to a particular group. You seemed to have taken the most general and generic statement rather too personally. I don't think the seeder or author's exaggerated oversensitivity is a valid basis for deleting.

                                                                                                  • 2 votes
                                                                                                  #10.5 - Thu Jul 14, 2011 3:59 PM EDT
                                                                                                  greg-709692

                                                                                                  You have an outlet for your complaint. Use it and stop whining here or I'll delete it too!

                                                                                                  • 9 votes
                                                                                                  #10.6 - Thu Jul 14, 2011 4:03 PM EDT
                                                                                                  digitusmediusDeleted
                                                                                                  greg-709692

                                                                                                  Comment #10.7 Off topic!

                                                                                                  Comments 10.4 and 10.6, "Informational" then a "warning".

                                                                                                  • 6 votes
                                                                                                  #10.8 - Fri Jul 15, 2011 11:25 AM EDT
                                                                                                  digitusmedius

                                                                                                  I've taken your advice now, greg. Thanks.

                                                                                                    #10.9 - Fri Jul 15, 2011 1:18 PM EDT
                                                                                                    greg-709692

                                                                                                    Nothing personal digitusmedius. Just following the rules put on me time and again. :)

                                                                                                    • 7 votes
                                                                                                    #10.10 - Fri Jul 15, 2011 1:32 PM EDT
                                                                                                    digitusmedius

                                                                                                    IF by following you mean abusing, check. NV is on it.

                                                                                                    • 1 vote
                                                                                                    #10.11 - Fri Jul 15, 2011 1:39 PM EDT
                                                                                                    greg-709692

                                                                                                    Only to the letter, as I've been warned before. I'm not an angel ya know.

                                                                                                    • 8 votes
                                                                                                    #10.12 - Fri Jul 15, 2011 1:43 PM EDT
                                                                                                    digitusmedius

                                                                                                    Oh, you've been warned before? I'm shocked, SHOCKED.

                                                                                                    • 1 vote
                                                                                                    #10.13 - Fri Jul 15, 2011 3:16 PM EDT
                                                                                                    greg-709692

                                                                                                    Shocking isn't it. :)

                                                                                                    It's a Goose Gander thing on my articles now.

                                                                                                    • 5 votes
                                                                                                    #10.14 - Fri Jul 15, 2011 3:26 PM EDT
                                                                                                    Sally

                                                                                                    Restored comment # 10.1. Not a personal attack.

                                                                                                    • 4 votes
                                                                                                    #10.15 - Fri Jul 15, 2011 4:15 PM EDT
                                                                                                    greg-709692

                                                                                                    One persons Interpretation isn't anothers I suppose.

                                                                                                    • 7 votes
                                                                                                    #10.16 - Fri Jul 15, 2011 5:08 PM EDT
                                                                                                    digitusmedius

                                                                                                    One person's certainly carries more weight than another's.

                                                                                                    • 1 vote
                                                                                                    #10.17 - Fri Jul 15, 2011 5:42 PM EDT
                                                                                                    greg-709692

                                                                                                    Owners are always right aren't they. :)

                                                                                                    See, i told you to go to the source and you got what you needed.

                                                                                                    No harm but a bit of foul in my opinion, but, so be it.

                                                                                                    • 7 votes
                                                                                                    #10.18 - Fri Jul 15, 2011 5:48 PM EDT
                                                                                                    digitusmedius

                                                                                                    I'm not surprised by your opinion.

                                                                                                      #10.19 - Fri Jul 15, 2011 7:07 PM EDT
                                                                                                      Reply
                                                                                                      Luther28

                                                                                                      To put things in their most basic form I suppose, perhaps after forty some years of piddling the tax payers monies away like so much, well piddle, perhaps all of the collective boneheads that we refer to as our government might attempt to do what the rest of us are compelled to on a daily basis, it is called living within ones means. Many of these fine and grand programs would be wonderful things, but if you cannot afford that big screen television, then I guess you have to stick with the old analog. I suppose you might call me sick and tired. Mojo has long since left the building and it is not coming back.

                                                                                                      • 9 votes
                                                                                                      Reply#11 - Thu Jul 14, 2011 1:02 PM EDT
                                                                                                      Joanna Caroll

                                                                                                      Now President Obama is “whining” and “Fear Mongering”, to raise deficit spending, to cover a solvent social security ????

                                                                                                      Greg, Social Security is not why the debt limit has to be raised. Do you think SS has its own little bank book with trillions in it? SS is made up of bonds (IOU's).....they lent us, the U.S., money...it sits in general funds right now and it's paid from general funds! The Treasury decides the order of payment. Who's going to cash the SS bonds on August 3 if the debt limit isn't raised? How much will those IOUs be worth then? The GOP is holding out for a "deal" that benefits them, not the country - kind of like hostage negotiating - and it's disgusting. Oh, and for your info, right now, this debt is still GW Bush's.

                                                                                                      • 3 votes
                                                                                                      Reply#12 - Thu Jul 14, 2011 1:43 PM EDT
                                                                                                      greg-709692

                                                                                                      Please explain the Board of trustee's, Factcheck.org (Which Liberals use all the time for facts) and the Democrats in congress saying it's solvent until 2036 then.

                                                                                                      Solvent means the bucks are there to cover SS until 2036.

                                                                                                      No where does it say that only if we raise the debt ceiling will SS will be solvent until 2036.

                                                                                                      Someone's lying.

                                                                                                      • 11 votes
                                                                                                      #12.1 - Thu Jul 14, 2011 2:00 PM EDT
                                                                                                      DRHunk

                                                                                                      Solvent does not mean there is trillions of dollars horded away in a savings account that can be drawn upon until 2037. Solvent means that all things remaining constant SS can pay its bills.

                                                                                                      Without raising the Debt Cap all things do not remain constant therefore SS will not have the money to pay its August paymens because that money will be drawn out to pay other bills. SS has and always will get raided by the General Fund, if congress wa sto lock it then there would be no issue.

                                                                                                      • 2 votes
                                                                                                      #12.2 - Thu Jul 14, 2011 2:37 PM EDT
                                                                                                      greg-709692

                                                                                                      Solvent does not mean there is trillions of dollars horded away in a savings account that can be drawn upon until 2037.

                                                                                                      I kinda knew that part DRHunk, but thanks for commenting.

                                                                                                      There is available money somewhere, that can be drawn on, or the Board of Trustee's lied in their report when they spoke to congress saying it's solvent until 2036.

                                                                                                      If it's not solvent, that means SS has been in trouble for a long time, as the Republicans have been saying.

                                                                                                      Their report said there will be a problem down the road, but there isn't one right now.

                                                                                                      • 10 votes
                                                                                                      #12.3 - Thu Jul 14, 2011 2:46 PM EDT
                                                                                                      Joanna Caroll

                                                                                                      Solvent means the bucks are there to cover SS until 2036.

                                                                                                      Yes - but the money is in bonds - bonds sold to the U.S., backed by the U.S. It's not cash.

                                                                                                      But even though Obama is only saying SS checks may not go out, it is still stirring up a lot of fear among those who rely on those payments. The GOP should increase the debt limit now and the American people must get a firm promise that both sides will tackle spending cuts and revenue increases immediately thereafter, and more than 4 trillion dollars. Such nonsense!

                                                                                                      • 3 votes
                                                                                                      #12.4 - Thu Jul 14, 2011 2:56 PM EDT
                                                                                                      greg-709692

                                                                                                      Fear has been the government way for quite sometime. Wouldn't it be nice to have them put out positive things for a change. If you and I give into the fears, especially the fears we know are false, we will never get out of this mess.

                                                                                                      Me, I'd like to see cuts before taxes, written promises before actions etc... Once you give them an inch, they'll take a mile, before they'll sign anything.

                                                                                                      • 8 votes
                                                                                                      #12.5 - Thu Jul 14, 2011 3:16 PM EDT
                                                                                                      Runner99

                                                                                                      Joanna Caroll - Google QE 1 and II. What you say rings true about the bonds. It is a very weak crutch holding up the bond market and it's quite scary. I'm a little concerned about the ability the government has to tackle spending. After all, they are Career Politicians.

                                                                                                      • 9 votes
                                                                                                      #12.6 - Thu Jul 14, 2011 3:20 PM EDT
                                                                                                      vol fan in chatt, tn

                                                                                                      and the American people must get a firm promise that both sides will tackle spending cuts and revenue increases immediately thereafter, and more than 4 trillion dollars.

                                                                                                      Joanne...that''s the point!! All we, the American people, get is promises and failed promises that somewhere down the road we are going to be "deficit neutral", that we will "cut spending", etc. and it never happens (although by attrition, the last two temporary extensions under Boehner included immediate cuts). Cuts need to be NOW and not down the road after " the 2012 election" (referenced in above post) because those "cuts" NEVER happen!

                                                                                                      • 11 votes
                                                                                                      #12.7 - Thu Jul 14, 2011 9:48 PM EDT
                                                                                                      Reply
                                                                                                      Borncorn

                                                                                                      The GOP wants us to default on our obligations. These people are supposed to be responsible? This is money the Congress has already spent. If they want to cut spending, nothing is stopping them from submitting bills to do that. What does the debt ceiling have to do with this?

                                                                                                      • 3 votes
                                                                                                      Reply#13 - Thu Jul 14, 2011 1:49 PM EDT
                                                                                                      Runner99

                                                                                                      go to treas.gov and look at the financial report.

                                                                                                      • 8 votes
                                                                                                      #13.1 - Thu Jul 14, 2011 3:04 PM EDT
                                                                                                      Borncorn

                                                                                                      Why? The debt ceiling covers money that has already been spent.

                                                                                                      • 1 vote
                                                                                                      #13.2 - Thu Jul 14, 2011 3:29 PM EDT
                                                                                                      Runner99

                                                                                                      The finacial report I asked to look at explains the dollar to dollar transaction between federal debt and spending.

                                                                                                      • 8 votes
                                                                                                      #13.3 - Thu Jul 14, 2011 4:06 PM EDT
                                                                                                      Runner99

                                                                                                      here's part of what they say

                                                                                                      Types of marketable securities:
                                                                                                      Bills—Short-term obligations issued with a term of 1 year or less.
                                                                                                      Notes—Medium-term obligations issued with a term of at least 1 year, but not more than 10 years.
                                                                                                      Bond—Long-term obligations of more than 10 years.
                                                                                                      TIPS—Term of more than 5 years.

                                                                                                      Federal debt securities held by the public outside the Government are held by individuals, corporations, State or local governments, FRBs, foreign governments, and central banks. The above table details Government borrowing primarily to finance operations and shows marketable and nonmarketable securities at face value less net unamortized discounts including accrued interest.

                                                                                                      Securities that represent Federal debt held by the public are issued primarily by the Treasury and include:

                                                                                                      • Interest-bearing marketable securities (bills, notes, bonds, and inflation-protected).
                                                                                                      • Interest-bearing nonmarketable securities (government account series held by deposit and fiduciary funds, foreign series, State and local government series, domestic series, and savings bonds).
                                                                                                      • Non-interest-bearing marketable and nonmarketable securities (matured and other).

                                                                                                      Section 3111 of Title 31, United States Code (U.S.C.) authorizes the Secretary of the Treasury to use money received from the sale of an obligation and other money in the General Fund of the Treasury to buy, redeem, or refund, at or before maturity, outstanding bonds, notes, certificates of indebtedness, Treasury bills, or savings certificates of the Government. There were no buyback operations in fiscal years 2010 and 2009.

                                                                                                      Gross Federal debt (with some adjustments) is subject to a statutory ceiling (i.e., the debt limit). Prior to 1917, the Congress approved each debt issuance. In 1917, to facilitate planning in World War I, Congress established a dollar ceiling for Federal borrowing. On December 28, 2009, Public Law 111-123 was enacted, which increased the statutory debt limit to $12,394.0 billion. On February 12, 2010, Public Law 111-139 was enacted, which increased the statutory debt limit to $14,294.0 billion. As of September 30, 2010, and 2009, respectively, debt outstanding was $13,510.8 billion and $11,853.1 billion. The debt subject to the limit includes Treasury securities held by the public and Government guaranteed debt of Federal agencies (shown in the table above) and intragovernmental debt holdings (shown in the following table).

                                                                                                      courtesy of treas.gov.

                                                                                                      • 10 votes
                                                                                                      #13.4 - Thu Jul 14, 2011 4:22 PM EDT
                                                                                                      Borncorn

                                                                                                      Whaaaaaa! What does that have to do with the anything? Yes we do vote on a debt ceiling. Normally Congress pays for what they spend. It is the act of a quality debtor. You think we should default?

                                                                                                      • 1 vote
                                                                                                      #13.5 - Thu Jul 14, 2011 4:55 PM EDT
                                                                                                      Runner99

                                                                                                      What in hell does that mean? Whaaaaa? Is that you crying about something? You asked a question, and I answered it. Is that a problem for you? A quality debtor with kids in charge of the credit cards......indeed.

                                                                                                      • 9 votes
                                                                                                      #13.6 - Thu Jul 14, 2011 5:08 PM EDT
                                                                                                      owlsview

                                                                                                      Wait a minute Borncorn. Are you saying that when a person overextend themselves financially, it is a quality choice for them to increase the amount of debt they already have. Hey Mr. Banker, I can't pay back the money I owe you, so increase my credit limit and stop sending me delinquent notices." Congress isn't paying anything with these debt increases they have been approving for years. All they have accomplished is to make the debt bigger and you and me poorer.

                                                                                                      • 11 votes
                                                                                                      #13.7 - Thu Jul 14, 2011 5:39 PM EDT
                                                                                                      merleliz

                                                                                                      Exactly...how can you defend Obama wanting to raise the debt ceiling NOW, when in 2006 he called it a "failure of leadership"?

                                                                                                      He's been in office for over 2 years...and increased our debt out of all proportion with his spending...please, someone explain to me why we can afford to pay for all his and Michelle's vacations and trips abroad if we can't afford to pay our seniors who paid into the program all their lives?

                                                                                                      Would YOU go on a vacation trip if you had elderly people depending on you for support and you were facing bankruptcy?

                                                                                                      • 11 votes
                                                                                                      #13.8 - Thu Jul 14, 2011 6:16 PM EDT
                                                                                                      vol fan in chatt, tn

                                                                                                      Normally Congress pays for what they spend. It is the act of a quality debtor.

                                                                                                      Well, if they had done THAT we wouldn't be where we are today, would we?? That aside:

                                                                                                      You mean like Nancy Pelosi saying "no new deficit spending" and she and her cohorts (and some idiot Rep) spend 3 trillion over our revenue in two years (and that doesn't EVEN include Obamacrapcare)?

                                                                                                      You mean like PAYGO, that was supposed to be used to bring down the deficit, but they created "emergency" loopholes to spend whatever amount they wanted?

                                                                                                      • 11 votes
                                                                                                      #13.9 - Thu Jul 14, 2011 9:55 PM EDT
                                                                                                      Reply
                                                                                                      mightyj

                                                                                                      The fear mongering about the debt ceiling looks a lot like another fine created crisis brought to you by the best government money can buy. I am certain the wealthy campaign donors will make out pretty damn good from any deals and bargains agreed upon by them.

                                                                                                      Ps- If you were wealthy and invested in business you would be praying for more big defecit spending. Think about it.

                                                                                                      • 7 votes
                                                                                                      Reply#14 - Thu Jul 14, 2011 1:51 PM EDT
                                                                                                      Village Idiot-2299796

                                                                                                      Greetings, Your Gregness!

                                                                                                      Alan Greyson is right. Congress has meannies and weenies. One bullies, the other caves.

                                                                                                      • 4 votes
                                                                                                      Reply#15 - Thu Jul 14, 2011 1:56 PM EDT
                                                                                                      greg-709692

                                                                                                      And some lose re-election. :)

                                                                                                      • 10 votes
                                                                                                      #15.1 - Thu Jul 14, 2011 2:02 PM EDT
                                                                                                      digitusmedius

                                                                                                      That they do...often after just two years in office.

                                                                                                        #15.2 - Wed Jul 27, 2011 5:26 PM EDT
                                                                                                        Reply
                                                                                                        JJM-1019980

                                                                                                        Usually when you decide to trash someone else's position you do it because you hold the higher ground. It's just pathetic when your both standing on the bottom of the septic tank and the scum is up to your bottom lip.

                                                                                                        • 3 votes
                                                                                                        Reply#16 - Thu Jul 14, 2011 1:59 PM EDT
                                                                                                        VIVA-796465

                                                                                                        the media is turning on him..........love him and leave him

                                                                                                        they make them and they break them...........

                                                                                                        SOS oh, SOROS help

                                                                                                        • 7 votes
                                                                                                        Reply#17 - Thu Jul 14, 2011 2:03 PM EDT
                                                                                                        Runner99

                                                                                                        Senator Lee of Utah spoke of the Social Security trust fund only holding I.O.U's. and that there is no money left in it. Sure am glad we had TARP and bail outs. (/s) Those Corp Exec's are laughing all the way to the bank with our money.

                                                                                                        • 9 votes
                                                                                                        Reply#18 - Thu Jul 14, 2011 2:30 PM EDT
                                                                                                        VIVA-796465

                                                                                                        truth is you can't leave any money laying around the govt..........it will find of way of spending it

                                                                                                        • 10 votes
                                                                                                        #18.1 - Thu Jul 14, 2011 2:33 PM EDT
                                                                                                        Runner99

                                                                                                        I just looked at Sen. Lee's proposals on his web site. Check his info out.

                                                                                                        Yep, Viva, that's soooooo true. Makes me wanna puke.

                                                                                                        • 9 votes
                                                                                                        #18.2 - Thu Jul 14, 2011 2:37 PM EDT
                                                                                                        VIVA-796465

                                                                                                        let me paint a visual for both sides to look at

                                                                                                        millions of shattered piggy banks that use to hold the taxpayers money.........to be held in trust by the govt.................with trillions of IOU notes with smiley faces left behind...........

                                                                                                        • 9 votes
                                                                                                        #18.3 - Thu Jul 14, 2011 2:42 PM EDT
                                                                                                        Runner99

                                                                                                        Okay, thanks, I just barfed.

                                                                                                        • 9 votes
                                                                                                        #18.4 - Thu Jul 14, 2011 2:48 PM EDT
                                                                                                        VIVA-796465

                                                                                                        que Nasty............( :

                                                                                                        • 7 votes
                                                                                                        #18.5 - Thu Jul 14, 2011 3:11 PM EDT
                                                                                                        Darkdonnie

                                                                                                        truth is you can't leave any money laying around the govt..........it will find of way of spending it

                                                                                                        Franklin Roosevelt, a Democrat, introduced the Social Security (FICA) Program. He promised:

                                                                                                        1.) That participation in the Program would be Completely voluntary,

                                                                                                        No longer Voluntary!

                                                                                                        2.) That the participants would only have to pay 1% of the first $1,400 of their annual Incomes into the Program,

                                                                                                        Now 7.65% on the first $90,000!

                                                                                                        3.) That the money the participants elected to put into the Program would be deductible from their income for tax purposes each year,

                                                                                                        No longer tax deductible!

                                                                                                        4.) That the money the participants put into the independent 'Trust Fund' rather than into the general operating fund, and therefore, would only be used to fund the Social Security Retirement Program, and no other Government program.

                                                                                                        Under Johnson the money was moved to the General Fund and Spent!

                                                                                                        5.) That the annuity payments to the retirees would never be taxed as income.

                                                                                                        Under Clinton & Gore Up to 85% of your Social Security can be Taxed!

                                                                                                        • 10 votes
                                                                                                        #18.6 - Thu Jul 14, 2011 3:49 PM EDT
                                                                                                        VIVA-796465

                                                                                                        i'm depressed now...............

                                                                                                        • 8 votes
                                                                                                        #18.7 - Thu Jul 14, 2011 3:51 PM EDT
                                                                                                        Darkdonnie

                                                                                                        i'm depressed now...............

                                                                                                        I am just getting started!

                                                                                                        Since many have paid into FICA for years and some are now receiving a Social Security check every month -- and then finding that we are getting taxed on 85% of the money we paid to the Federal government to 'put away' ( I have always felt like this is being taxed twice on the same money!) -- you may be interested in the following:

                                                                                                        Q: Which Political Party took Social Security from the independent 'Trust Fund' and put it into the
                                                                                                        general fund so that Congress could spend it?

                                                                                                        A: It was Lyndon Johnson and the democratically controlled House and Senate.

                                                                                                        Q: Which Political Party eliminated the income tax deduction for Social Security (FICA) withholding?

                                                                                                        A: The Democratic Party.

                                                                                                        Q: Which Political Party started taxing Social Security annuities?

                                                                                                        A: The Democratic Party, with Al Gore casting the 'tie-breaking' deciding vote as President of the Senate, while he was Vice President of the US

                                                                                                        AND MY FAVORITE:

                                                                                                        Q: Which Political Party decided to start giving annuity payments to immigrants?

                                                                                                        A: That's right!...........Jimmy Carter and the Democratic Party. Immigrants moved into this country, and at age 65, began to receive Social Security payments! The Democratic Party gave these payments to them, even though they never paid a dime into it!

                                                                                                        Then, after violating the original contract (FICA), the Democrats turn around and tell you that the Republicans want to take your Social Security away!

                                                                                                        And the worst part about it is uninformed citizens believe it!

                                                                                                        So no, I don't trust politicians with my money, and I especially don't trust democrat politicians to do what they say they will do later.

                                                                                                        • 12 votes
                                                                                                        #18.8 - Thu Jul 14, 2011 4:04 PM EDT
                                                                                                        VIVA-796465

                                                                                                        OK, I do feel bad for my mom.......and the rest of my family and friends.

                                                                                                        I am a teacher and my retirement is with TRS, so unless they went and did the same, then maybe there will be something there for me........my hubby will have exxon-mobil benefits plus Social Security, so maybe we can afford a nicer cardboard box than others.

                                                                                                        • 7 votes
                                                                                                        #18.9 - Thu Jul 14, 2011 4:25 PM EDT
                                                                                                        Reply
                                                                                                        Robert in Ohio

                                                                                                        Greg

                                                                                                        Surely you are not trying to say that Obama and his boys have changed their story on the Social Security fund being separate from the general fund and being full of money for twenty five years or more.

                                                                                                        You cannot mean that they would spin a message to scare my mother in law (87) about her social security check and a doctor's appointment she has in August.

                                                                                                        You cannot mean that President Obama is holding Mom's social security check hostage to get the bad old Republicans to play by his rules.

                                                                                                        You cannot mean that Democrats are presenting their message in the dishonest way that they accused Republicans uf using during the health care debates.

                                                                                                        I would be shocked to find out that "Change We Can Believe In" has turned into "We Hope It Ends Soon"

                                                                                                        Shocked but not surprised.

                                                                                                        Voted up

                                                                                                        • 10 votes
                                                                                                        #19 - Thu Jul 14, 2011 2:49 PM EDT
                                                                                                        greg-709692

                                                                                                        Thanks Robert.

                                                                                                        You know me. I'm a common sense kinda guy. :D

                                                                                                        • 6 votes
                                                                                                        #19.1 - Thu Jul 14, 2011 2:56 PM EDT
                                                                                                        digitusmedius

                                                                                                        Robert, as someone who no doubt just loved those "death panel" and "killing granny" lies the Republicans used constantly I really don't think you should be pontificating about scare tactics.

                                                                                                        • 3 votes
                                                                                                        #19.2 - Thu Jul 14, 2011 3:00 PM EDT
                                                                                                        owlsview

                                                                                                        Why should anybody care what someone who chooses a name that tells us he is flipping us off says or thinks.

                                                                                                        • 11 votes
                                                                                                        #19.3 - Thu Jul 14, 2011 5:44 PM EDT
                                                                                                        Robert in Ohio

                                                                                                        digitus

                                                                                                        I railed against those exaggerations as well.

                                                                                                        I think both parties have lost their way and have resorted to lies, innuendo, distortions and when they are being the most hones "spin" rather than even attempting to use the truth as way to communicate to the American people.

                                                                                                        I am an independent and I think both sides deserve my ridicule until they learn to govern rather than campaign 23/7.

                                                                                                        I notice you are quite partisan so I am sure youl will disagree and that is okay.

                                                                                                        People are smarter than politicians give them credit for and most see them for the jaded hypocrites that they are, unfortunately they are also too lazy to vote and do something about it.

                                                                                                        And contrary to owlsview's comment above I think your moniker fits your comments generally.

                                                                                                        • 6 votes
                                                                                                        #19.4 - Thu Jul 14, 2011 6:58 PM EDT
                                                                                                        digitusmedius

                                                                                                        > Robert, I find it intellectually and politically lazy for people to just tut-tut about both sides of our politics being the same and walk away. This "pox on all your houses" thing does nothing to advance or change the situation. While both sides often do behave awfully at times, there are clear differences in which way the two major parties want to take us and decide which one you prefer and get involved. If the teabag wing of the Republican party is too extreme for you but the basic ideas of Republicans is more agreeable to you then get involved and take that power away from those extremist elements...they are, after all, still a minority (we're told) of Republicans--maybe only 50-60 true fanatics in the House who seem to have cowed nearly everyone else. I'm feeling conflicted giving a conservative this advice since I'd like nothing better for the teabaggers to continue to destroy the Republican Party and force all the reasonable ones out altogether. I have my own problems with some elements of the Democratic party who I feel are far too much under the control of corporate interests and have forgotten the traditional values of the party. But, to me, it's still a far better alternative to what the right has to offer. IOW, politics is never going to be smooth and pretty. Make your choice and continue to work for what you believe in instead of kibbitzing from the sidelines.

                                                                                                          #19.5 - Fri Jul 15, 2011 11:24 AM EDT
                                                                                                          Robert in Ohio

                                                                                                          digitus

                                                                                                          I am an independent, a centrist if you will.

                                                                                                          I am not politically lazy, in fact it is much more work for me to be involved because I am following and researching all sides of the issues and all the candidates rather than those of a single party.

                                                                                                          I support Democrats (who I guess would be called Blue Dogs) and I support moderate Republicans who are less socially conservative than the far right and I support independents affiliated with neither party. I have never actively supported a Libertarian or member of another party, but would not rule it out in the future.

                                                                                                          I worked forked for the campaign and voted for Pres Clinton and though he did things I was ashamed of, I still feel he was a good President for the country and set the example of how to lead divided government successfully. John Kerry and Al Gore both scared me and I voted for Bush as the lesser of two evils. I worked hard for Hillary in 2008 and was terribly disappointed when she was not the nominee, as I feel distant to many of Obama's policies and his agenda (though I do admire what he has accomplished and think he is trying to do what he thinks is right). I will not be supporting or voting for President Obama in 2012, though I have not found my candidate on the right or in the middle as yet (I still day dream about a primary challenge from Hillary but that is likely fantasy).

                                                                                                          I have not, do not and will not vote for a party - - - I vote for candidates regardless of party based on their views and my views. I am also involved in local government, participate in town halls at the state, county and local levls regularly and work for candidates of both parties at those levels.

                                                                                                          I think that unions, corporations, industries and even foriegn countries have far too much influence inour government and long for lobbying reform and accountability of government.

                                                                                                          I disagree with those who blindly vote for and support a party, but respect their right to do so and their reasoning for doing so and would expect the same respect for my approach, but have learned to largely live without that respect from many people.

                                                                                                          I agree with you that their are loons on the far right of the Republicans (in the House and elsewhere) that IMHO have no place in governing the nation, but I feel the same way about some progressives elsewhere in the building.

                                                                                                          We have the remedy in our system, the lelection process and in 2012 we will once again hear from the people and I will once again look at each race and choose the candidate (from whichever or neither party) that I think will best serve me and the nation.

                                                                                                          It is imperative and in fact is the duty of citizens to call out the shortcomings of the elected officials of both parties and demand changes and actions in the best interest of the country.

                                                                                                          I thank you for the feedback and for your perspective,

                                                                                                          • 6 votes
                                                                                                          #19.6 - Fri Jul 15, 2011 12:12 PM EDT
                                                                                                          digitusmedius

                                                                                                          If you voted for Bush twice, Robert, I have a hard time understanding how you can't take some responsibility for how badly things turned out with him. It's not like his incompetence wasn't well known even before his first selection to office.

                                                                                                            #19.7 - Fri Jul 15, 2011 12:32 PM EDT
                                                                                                            greg-709692

                                                                                                            No one has "Hindsight" digit, even you.

                                                                                                            Didn't see any complaints from Liberals, the first 4 years of a Bush Presidency. It wasn't until the Liberals in congress "Flip Flopped" for election purposes, did we see any complaints.

                                                                                                            • 6 votes
                                                                                                            #19.8 - Fri Jul 15, 2011 12:37 PM EDT
                                                                                                            digitusmedius

                                                                                                            It didn't take hindsight. It took looking at Bush's miserable life record from washed-out ANG pilot to failed businessman to inept governor. And this:

                                                                                                            Didn't see any complaints from Liberals, the first 4 years of a Bush Presidency.

                                                                                                            Really? The liberals who fought his warmongering and tried to stop the irresponsible tax cuts and called him on his lying about war, torture time after time after time? And the liberals who pointed out correctly how he ignored the terrorist threats that were basically screaming at him in the Summer of 2001? What planet were you living on between 2001-2004?

                                                                                                              #19.9 - Fri Jul 15, 2011 1:42 PM EDT
                                                                                                              greg-709692

                                                                                                              I guess, based on your comment, we should not overlook Obama's cocaine habit. :)

                                                                                                              • 7 votes
                                                                                                              #19.10 - Fri Jul 15, 2011 1:46 PM EDT
                                                                                                              digitusmedius

                                                                                                              Unless you're in the "habit" of looking into things that don't exist, I'd recommend moving on. Again, I think a lot of people have confused Bush with President Obama for some reason.

                                                                                                                #19.11 - Fri Jul 15, 2011 3:18 PM EDT
                                                                                                                greg-709692

                                                                                                                Gee digitusmedia, It was in Obama's book. You didn't read it, did you.

                                                                                                                • 6 votes
                                                                                                                #19.12 - Fri Jul 15, 2011 3:30 PM EDT
                                                                                                                VIVA-796465

                                                                                                                read is the key word here.............

                                                                                                                • 6 votes
                                                                                                                #19.13 - Fri Jul 15, 2011 3:31 PM EDT
                                                                                                                greg-709692

                                                                                                                Exactly VIVA!

                                                                                                                • 6 votes
                                                                                                                #19.14 - Fri Jul 15, 2011 3:41 PM EDT
                                                                                                                digitusmedius

                                                                                                                Gee digitusmedia, It was in Obama's book. You didn't read it, did you.

                                                                                                                Again, the Bush confusion. I know you desperately want to pretend he didn't exist or that he was a Dem but it just aintagonna work.

                                                                                                                  #19.15 - Fri Jul 15, 2011 3:47 PM EDT
                                                                                                                  Robert in Ohio

                                                                                                                  digitus

                                                                                                                  As I said the lesser of two evils and yes I do feel some responsibility for the mess as I believe all Republicans feel some level of responsibility for the fiscal mess and as I believe many Democrats should as well, but that is another argument.

                                                                                                                  As to the incompetence being know before the end of the first term, that same argument will be made next year

                                                                                                                  • 3 votes
                                                                                                                  #19.16 - Fri Jul 15, 2011 3:51 PM EDT
                                                                                                                  greg-709692

                                                                                                                  I know you like deflecting digitusmedia, but, did you read Obama's Book ?

                                                                                                                  • 7 votes
                                                                                                                  #19.17 - Fri Jul 15, 2011 3:57 PM EDT
                                                                                                                  Lkessler

                                                                                                                  Digitus: it was well covered that his confessional regarding his admitted "cocaine use" was debated plentifully prior to the election Mr. Obama won.

                                                                                                                  It's not news. He admitted it.

                                                                                                                  Heck, here ya go--on video... It doesn't get any clearer than this.

                                                                                                                  • 9 votes
                                                                                                                  #19.18 - Fri Jul 15, 2011 4:23 PM EDT
                                                                                                                  digitusmedius

                                                                                                                  Have you fellas read this:

                                                                                                                  COCAINE:
                                                                                                                  According to a new book, three independent sources close to the Bush family report that Governor Bush was arrested in 1972 for cocaine possession, and taken to Harris County Jail, but avoided jail or formal charges through an informal diversion plan involving community service with Project P.U.L.L., an inner city Houston program for troubled youths at the Martin Luther King Jr. Community Center in Houston's dirt-poor Third Ward. (In another new book, reporter Bill Minutaglio, writes that the year of community service was arranged by the Governor's father, ex-president Bush, after he caught Bush Jr. driving drunk.)

                                                                                                                  That year certainly is out of character with the rest of Bush Jr.'s life. Before and after 1972, he was a rich, hard drinking playboy. Suddenly, and only that one time in his life, he worked for a liberal charity in an inner city ghetto. As soon as the year was over, he resumed his previous pattern and has done no charity work since.

                                                                                                                  The author of this book, J. H. Thompson, has some interesting scandals of his own. Of course, his own flaws don't disprove what Bush did or didn't do, but the way Thompson has responded certainly undercuts his credibility. First, he admitted to a reporter from Slate Magazine that he made up at least one detail, that one of his informants spat tobacco into a styrofoam cup during their (phone!) interview.

                                                                                                                  Then, reporters -- or perhaps Bush campaign operatives -- found that the author apparently is an ex-convict, on parole for hiring a hit man to kill a former boss. That doesn't mean he can't research, of course, but Thompson's credibility suffered greatly as he claimed it was someone else, despite incredible similarities between his resume -- including unexplained job gaps during the prison years -- and confirmation from his parole officer that indeed, the author named J. H. Thompson is the one who did time.

                                                                                                                  Bush Jr.'s Evasive Responses:

                                                                                                                  Bush has essentially admitted that he used cocaine in his Clintonesque, carefully worded partial denials. He won't deny using cocaine or marijuana, though under persistent questioning he said that he hadn't used cocaine in the last 7 years. Most newspapers report that he denies using cocaine since 1974, but that's not exactly true.

                                                                                                                  That is the most favorable interpretation of what Bush said, but since Bush and his campaign have already made Clintonesque denials on other issues, we need to look at his words carefully.

                                                                                                                  What Bush actually said was ""I could have passed the [FBI] background check on the standards applied on the most stringent conditions when my dad was president of the United States - a 15-year period," Mr. Bush said. This is ambiguous because background forms ask slightly different questions, depending on the position. Drug questions can go back one year, seven years or 10 years. Bush Jr. didn't have any formal position in his father's administration, so which one applies is unclear. And 15-years is not one of the choices.

                                                                                                                  Since Bush Sr.'s presidency began in January 1989, reporters assumed that Jr. was denying drug use for 15 years before that, to 1974. But that is not at all clear. His only direct statement was for seven years before today. He could easily have been denying drug use only for 15 years before today, based on 7 or 10 years dating back from the END of his dad's term. 10 years before 1993, the end of Bush Sr.'s term, is pretty close to 15 years before today.

                                                                                                                    #19.19 - Fri Jul 15, 2011 6:53 PM EDT
                                                                                                                    Libertarian y2k

                                                                                                                    I get what you are saying I think then. Because Bush used cocaine then Obama didn't even though he said he did, right?

                                                                                                                    Sometimes it is hard to think progressive but I am trying :)

                                                                                                                    • 7 votes
                                                                                                                    #19.20 - Fri Jul 15, 2011 7:48 PM EDT
                                                                                                                    digitusmedius

                                                                                                                    No, I'm saying the President is honest and Bush was criminal. That's all.

                                                                                                                    • 1 vote
                                                                                                                    #19.21 - Tue Jul 19, 2011 2:34 PM EDT
                                                                                                                    Robert in Ohio

                                                                                                                    digitus

                                                                                                                    Interesting version of honest you have and I think you forgot to use the phrase "alleged criminal" unless he was convicted os something during my round of golf this morning

                                                                                                                    • 5 votes
                                                                                                                    #19.22 - Tue Jul 19, 2011 3:07 PM EDT
                                                                                                                    digitusmedius

                                                                                                                    That has never stopped right wingers, but, you're right, Robert. I shouldn't be like right wingers. I'm going to say "likely criminal."

                                                                                                                      #19.23 - Tue Jul 19, 2011 4:05 PM EDT
                                                                                                                      Robert in Ohio

                                                                                                                      digitus

                                                                                                                      Compromise is a wonderful thing, you moved off your position and I am satisfied without getting you to change to mine

                                                                                                                      Ain't this a woncerful country

                                                                                                                      • 3 votes
                                                                                                                      #19.24 - Tue Jul 19, 2011 5:26 PM EDT
                                                                                                                      digitusmedius

                                                                                                                      And it's wonderful, too ;>)) (I keed, I keed)

                                                                                                                        #19.25 - Tue Jul 19, 2011 5:51 PM EDT
                                                                                                                        Reply
                                                                                                                        Soval-1219303

                                                                                                                        I love the smell of right wing desperation in the morning.

                                                                                                                        • 4 votes
                                                                                                                        Reply#20 - Thu Jul 14, 2011 3:19 PM EDT
                                                                                                                        lisaed

                                                                                                                        Yes, it's quite simple. Vote GOP if solvency of our entitlement programs floats your boat. Vote DEM if insolvency is more your thing.

                                                                                                                        • 7 votes
                                                                                                                        Reply#21 - Thu Jul 14, 2011 3:21 PM EDT
                                                                                                                        JJM-1019980

                                                                                                                        Explain the simple part. GOP solvent??? On what?

                                                                                                                        • 1 vote
                                                                                                                        #21.1 - Thu Jul 14, 2011 3:27 PM EDT
                                                                                                                        lisaed

                                                                                                                        JJM: It's right there in black and white in my comment....."entitlement programs"

                                                                                                                        • 5 votes
                                                                                                                        #21.2 - Thu Jul 14, 2011 3:30 PM EDT
                                                                                                                        digitusmedius

                                                                                                                        They're called "entitlements" since people pay into them and are entitled to get the benefits that were promised on that basis--not because they're automatically entitled by birth, for example, as the wealthy think. Insurance is slightly different, but don't you feel entitled to get insurance to cover the things you pay premiums for, lisaed? If not, you're being fleeced by your insurance company.

                                                                                                                          #21.3 - Fri Jul 15, 2011 11:27 AM EDT
                                                                                                                          digitusmedius

                                                                                                                          P.S. It's due to REpublican profligacy over the past decade and refusal to raise enough revenue to cover their massive deficit spending from 01-09 that is threatening the solvency of this country, lisaed. No matter how much you wish it were otherwise and pretend it isn't, that is the brutal fact of the matter. It was the same when Reagan did it and tripled the national debt and it was even worse under Bush, whose policies were "Reagan on meth" by comparison.

                                                                                                                            #21.4 - Fri Jul 15, 2011 11:32 AM EDT
                                                                                                                            Reply
                                                                                                                            owlsview

                                                                                                                            Is Social Security an entitlement program? Or is it as retirement fund for those that pay into it? If it is an entitlement, why should I get back any less than those who paid in more than I did?

                                                                                                                            • 8 votes
                                                                                                                            Reply#22 - Thu Jul 14, 2011 5:48 PM EDT
                                                                                                                            Libertarian y2k

                                                                                                                            It is a retirement fund that has to get its money from the general fund when it cashes it's IOUs. Then it could be said to be paid out of the general fund the percentage that it had to cash in. So then it would be funded as an entitlement fund. Of course the general fund in a few years won't have enough money to honor the IOU's so the amount that goes out is dependant on what the government can afford; just like an entitlement fund.

                                                                                                                            Hmmm.... I guess it is both depending on what you want to call it :) You can call it a retirement fund if you accept that the money in there isn't yours and the government can decide when and how much you can have back at any time :)

                                                                                                                            • 5 votes
                                                                                                                            #22.1 - Fri Jul 15, 2011 7:38 PM EDT
                                                                                                                            Reply
                                                                                                                            lovemyplanet-400560

                                                                                                                            Greg,

                                                                                                                            You might find these two opinion pieces interesting:

                                                                                                                            Ben Bernanke oughtta watch how he explains things.

                                                                                                                            Answering a question yesterday from a senator after he addressed Congress, the Federal Reserve chairman explained that Social Security's problems have to do with too many Americans collecting money and too few people working and paying into the retirement system.

                                                                                                                            It's a demographic shift that critics -- including me -- have been bringing up for years.

                                                                                                                            But then Bernanke blurted out that this imbalance was bound to happen when Social Security's "pyramid" structure becomes too bottom-heavy -- too many people collecting.

                                                                                                                            Mr. Bernanke, you are describing a typical pyramid scheme. A Ponzi scheme -- just like Bernie Madoff pulled...

                                                                                                                            ...Congratulation to Rick Santelli, the bond-market guy on CNBC.

                                                                                                                            Yesterday he finally brought up the fact that America's job growth is being artificially boosted by the birth/death model, which I've been writing about for years.

                                                                                                                            That's when the Labor Department's computers -- without proof -- add jobs to the monthly count that should be created by new companies.

                                                                                                                            These aren't real jobs, Santelli explained to his confused colleagues. They are being created by a "formula."

                                                                                                                            http://www.nypost.com/p/news/business/if_things_don_improve_obama_may_JWpsD9POKY3q3nnm3rnEZJ

                                                                                                                            and

                                                                                                                            ...The administration's talks with the GOP leadership broke down over the weekend largely because the president is only willing to offer -- wait for it -- a grand total of $2 billion in real spending cuts in 2012.

                                                                                                                            That's it -- $2 billion with a "b," out of a projected deficit of more than a trillion dollars....

                                                                                                                            ...Just to be clear: If the debt limit isn't raised, the Treasury can still cover obligations like debt service. The government takes in $200 billion a month. It can still spend -- it just can't spend as much. And it's the Executive Branch that must decide which checks don't go out....

                                                                                                                            ...Obama inadvertently let the Social Security cat out of its imaginary "lockbox" when he threatened to stop the checks. Because there is no trust fund: Social Security is paid either out of current revenues or with borrowed money. It's a pyramid scheme that's running out of suckers.

                                                                                                                            http://www.nypost.com/p/news/opinion/opedcolumnists/the_comedian_in_chief_dUjUlGMZt4xcT4awrHrqbN

                                                                                                                            • 5 votes
                                                                                                                            #23 - Thu Jul 14, 2011 8:15 PM EDT
                                                                                                                            greg-709692

                                                                                                                            THanks for the input lovemyplanet.

                                                                                                                            On the first link, back in 2009 Max Baucus was questioning the "Formula" being used by Giethner and his group to show jobs created and/or saved. Max called it a win win for the president because the "Formula" showed everything was good, no matter which way they did it, and questioned how you could know how many jobs were "Saved".

                                                                                                                            On the second link:

                                                                                                                            And it's the Executive Branch that must decide which checks don't go out....

                                                                                                                            I always found his little "Threat" to be political, especially with articles like that and others I've been reading.

                                                                                                                            • 7 votes
                                                                                                                            #23.1 - Fri Jul 15, 2011 7:03 AM EDT
                                                                                                                            digitusmedius

                                                                                                                            That second link is a pure lie. The President offered a $2.4 TRILLION (over ten years) package with just $400 BILLION in increased tax revenues (mostly cutting corporate subsidies, closing loopholes and taking away the hedge fund traders' ability to pay capital gains rates on their income which are fees). I think even arithmetic challenge people would be able to figure out that that's $240 BILLION annually. People really should not ever read, much less link to, Murdoch owned papers. It's always going to end badly.

                                                                                                                            BTW, the President's early budget proposal called for a $4 TRILLION reduction over 10 years but that wasn't good enough for Republicans so now we have 0.

                                                                                                                              #23.2 - Fri Jul 15, 2011 12:29 PM EDT
                                                                                                                              greg-709692

                                                                                                                              BTW, the President's early budget proposal called for a $4 TRILLION reduction over 10 years but that wasn't good enough for Republicans so now we have 0.

                                                                                                                              Are you talking about the budget the Left turned down in the Senate, 100%?

                                                                                                                              • 6 votes
                                                                                                                              #23.3 - Fri Jul 15, 2011 12:39 PM EDT
                                                                                                                              digitusmedius

                                                                                                                              Between February and May, it was clear the Republicans in the House were not going to take it up so that budget was no longer an offer from the President. Dems were fine killing it as was the President. It was a simple agenda clearing procedural vote. It had no meaning whatsoever except for right wingers who'll try to use anything no matter how irrelevant to bolster their worthless case.

                                                                                                                                #23.4 - Fri Jul 15, 2011 1:48 PM EDT
                                                                                                                                greg-709692

                                                                                                                                2010 or 2011 ?

                                                                                                                                If it was 2010, that means the majority had no... Well... you know.

                                                                                                                                Now why would you want weenies running things for you? :D

                                                                                                                                • 7 votes
                                                                                                                                #23.5 - Fri Jul 15, 2011 2:05 PM EDT
                                                                                                                                digitusmedius

                                                                                                                                This year, greg. Two thousand and eleven.

                                                                                                                                  #23.6 - Fri Jul 15, 2011 3:53 PM EDT
                                                                                                                                  greg-709692

                                                                                                                                  Isn't this years battle still over last year? The New Republicans didn't come in until Jan. 2011, so they can't be stuck with last years problem, that's for sure. now Liberlas are stuck with them, this year. Liberals should of done their job, last year.

                                                                                                                                  Liberals must love contraversy. That's the only reason I can come up with on why they couldn't get things done when they had the majority.

                                                                                                                                  • 6 votes
                                                                                                                                  #23.7 - Fri Jul 15, 2011 4:04 PM EDT
                                                                                                                                  digitusmedius

                                                                                                                                  Umm, no. The final piece of the FY2011 budget was signed back in April as a "continuing resolution" since Republicans blocked final passage of that budget before the end of the calendar year and had to take it up again when the took control of the House in Jan. This was how they wanted to play it demanding no final budget be voted on in a lame duck session. Don't you remember all the Republican posturing on demanding an immediate $100 BN spending cut and it went back and forth for weeks (sound familiar) until Repubs finally accepted a $38 BN cut. Jeezix, greg, if I have to tell you this how can you be pretending to know anything about what's going on. Your little Republicans have been @!$%#ing over the country now for months and wasting time trying to tear the President down instead of doing what they promised voters in Nov. 2010--create jobs. And, greg, please don't pretend you don't know that Repubs in the Senate have set filibustering records now for four straight years since they lost control of that body in 2007. They've blocked more than they ever got done.

                                                                                                                                    #23.8 - Fri Jul 15, 2011 7:02 PM EDT
                                                                                                                                    greg-709692

                                                                                                                                    "continuing resolution"

                                                                                                                                    Again, no final budget from 2010.

                                                                                                                                    • 3 votes
                                                                                                                                    #23.9 - Sat Jul 16, 2011 8:58 AM EDT
                                                                                                                                    Robert in Ohio

                                                                                                                                    digitus

                                                                                                                                    And the $38 Billion in cuts ended up being an illusion (can you say lie) from the Democrats that actually ended up costing the country money right?

                                                                                                                                    The same thing happened to Bush the elder when he made a tax and spending cuts deal with the Democrats.

                                                                                                                                    Does this pattern explain why the Republicans have a slight feeling of mistrust of their Democratic colleagues?

                                                                                                                                    Maybe so

                                                                                                                                    • 6 votes
                                                                                                                                    #23.10 - Sat Jul 16, 2011 10:22 AM EDT
                                                                                                                                    digitusmedius

                                                                                                                                    It's true, the Republicans got snookered, apparently, with the deal they agreed to in April. Is it the President's fault that the Republicans didn't understand what they were agreeing to? The only way you can claim this was unfair or the Dems cheated in some way is to admit the Republicans are impaired. Republicans just aren't very bright, Robert. This whole debt thing is a great example. They've put themselves into this vice and they're actually the ones tightening it. You even heard Lindsey Graham and Bob Corker saying this past week that maybe they shouldn't have made the debt ceiling such a big deal. Ya think?

                                                                                                                                    Sorry about the double post. When I tried to post the first time NV told me it couldn't be posted and to try again.

                                                                                                                                      #23.11 - Sat Jul 16, 2011 10:40 AM EDT
                                                                                                                                      digitusmedius

                                                                                                                                      It's true, the Republicans got snookered, apparently, with the deal they agreed to in April. Is it the President's fault that the Republicans didn't understand what they were agreeing to? The only way you can claim this was unfair or the Dems cheated in some way is to admit the Republicans are impaired. Republicans just aren't very bright, Robert. This whole debt thing is a great example. They've put themselves into this vice and they're actually the ones tightening it.

                                                                                                                                        #23.12 - Sat Jul 16, 2011 10:40 AM EDT
                                                                                                                                        Robert in Ohio

                                                                                                                                        digitus

                                                                                                                                        I do not think the Republicans are impaired or not, but you seem th be saying that if they were that it is okay for the strong to take advantage of the weak (how very Democratic).

                                                                                                                                        I merely pointed out that the Democrats have mis-represented (lied) about spending cuts in the pas ton more than one occasion an that leads to some skepticism from the Republicans.

                                                                                                                                        • 6 votes
                                                                                                                                        #23.13 - Sat Jul 16, 2011 1:40 PM EDT
                                                                                                                                        digitusmedius

                                                                                                                                        So, Robert, you're claiming Republicans are not smart enough to understand what they're signing on to and too weak to do anything about it when they do discover their negligence? They all get to look at the same numbers and both sides are free to have all their experts advise them. Tell me again why you trust these clowns enough to vote for them, then.

                                                                                                                                          #23.14 - Sat Jul 16, 2011 3:21 PM EDT
                                                                                                                                          Robert in Ohio

                                                                                                                                          digitus

                                                                                                                                          I said nothing even resembling that and you know it.

                                                                                                                                          I am saying that they accepted things on faith and the word of respected legislators and were duped by the outcome, quite different from not being smart enough.

                                                                                                                                          So maybe I am saying that the Democrats who perpetrated the falsehood are without honor, but good politicians. Maybe that is it and maybe the Republicans shuld not trust them

                                                                                                                                          I have voted for Democrats and Republicans that have turned out to be clowns and incompetents, so it is not a party affliction.

                                                                                                                                          • 6 votes
                                                                                                                                          #23.15 - Sat Jul 16, 2011 3:40 PM EDT
                                                                                                                                          digitusmedius

                                                                                                                                          But then you're saying they're incompetent. You're saying the Dems lied to the Republicans? If so, then let's have some valid data to support that, because I've never heard Boehner claim that. If there is no data for that, then just what do you base this "duping" on? Like I said, the Republicans have access to all the information that the Dems have. In fact, as the majority in the House, they have nearly unlimited power and access to information and can have any expert in or out of government to advise them. I believe your contention that the Reps were duped has got to be about the weakest excuse I've ever heard offered for their bumbling. I remember a similar excuse being offered for why Reagan had no guilt for the Iran-Contra scandal in order to claim he didn't lie about it. It was that he didn't know. So ignorance/incompetence was his trump card. I still am amazed that this is how it was played. Was he lying or just a lousy president? We'll take no. 2, say the Republicans.

                                                                                                                                            #23.16 - Sat Jul 16, 2011 6:41 PM EDT
                                                                                                                                            Robert in Ohio

                                                                                                                                            digitus

                                                                                                                                            You read but you do not comprehend

                                                                                                                                            I am not making an excuse for bumbling (as yu put it), I am merely saying that having been misled (or outfoxed if you like it better) by the Democrats on the 2011 budget and its related spending cuts (I use the term loosely), that the Republicans are less inclined to trust anything the Democrats say until it is in writing and the Democrats have offered nothing so far in writing.

                                                                                                                                            I too find it a little hard to believe that Reagan wa totally unaware of the goings on back then.

                                                                                                                                            • 6 votes
                                                                                                                                            #23.17 - Sat Jul 16, 2011 6:47 PM EDT
                                                                                                                                            digitusmedius

                                                                                                                                            Again, when and how did Republicans receive untrustworthy information form the President or any other Democrat? Because Republicans ended up getting a deal they didn't like means the Dems are untrustworthy? It's not up to the Dems to make sure the Repubs are happy, is it? Keerist.

                                                                                                                                              #23.18 - Sun Jul 17, 2011 5:13 PM EDT
                                                                                                                                              Robert in Ohio

                                                                                                                                              digitus

                                                                                                                                              I feel like I am talking with a bucket on my head so I will bow out and agree to disagree with you on this point

                                                                                                                                              See you around the vine

                                                                                                                                              • 5 votes
                                                                                                                                              #23.19 - Sun Jul 17, 2011 5:16 PM EDT
                                                                                                                                              digitusmedius

                                                                                                                                              You can't even come up with one example of how Dems supposedly tricked Republicans into agreeing to something they later came to find out they didn't like?

                                                                                                                                                #23.20 - Sun Jul 17, 2011 5:22 PM EDT
                                                                                                                                                Runner99

                                                                                                                                                How about this digitusmedius? I want to see transparency in spending. We have the technology to post the copy of the checks on line, and I want to see them. Congress over the years has promised to cut spending in return for a higher debt ceiling. In the past, there was no way in real time to watch what they were doing and no consequence for not keeping their promise. If you were a politician, would you agree to the terms of that kind of transparency today?

                                                                                                                                                • 7 votes
                                                                                                                                                #23.21 - Sun Jul 17, 2011 5:38 PM EDT
                                                                                                                                                digitusmedius

                                                                                                                                                You're also claiming the Republicans didn't know what they signed on to? They can get and give all the transparency they want--they own the House of Representatives right now. This is all about trying to blame someone else for the Republicans having lousy ideas and poor strategy.

                                                                                                                                                  #23.22 - Mon Jul 18, 2011 10:10 AM EDT
                                                                                                                                                  greg-709692

                                                                                                                                                  This is all about trying to blame someone else for the Republicans having lousy ideas and poor strategy.

                                                                                                                                                  Now that's funny! Hahahahaha!!

                                                                                                                                                  Like Obama and company hasn't been doing that since '09. LOL! Especially when they fail miserably.

                                                                                                                                                  How 'bout that question I asked you about the article digitusmedius? Thought of a good answer yet.

                                                                                                                                                  • 4 votes
                                                                                                                                                  #23.23 - Mon Jul 18, 2011 10:28 AM EDT
                                                                                                                                                  Runner99

                                                                                                                                                  digitusmedius - I really wanted to gauge your seriousness in this matter or if you just wanted to simply continue with argument for arguments sake. I never "claimed" anything, those are your words. I only mentioned "Congress". I see that you do not want to have adult dialog. Have a good day.

                                                                                                                                                  • 5 votes
                                                                                                                                                  #23.24 - Mon Jul 18, 2011 12:28 PM EDT
                                                                                                                                                  digitusmedius

                                                                                                                                                  What more transparency do you want? The budget proposals are available to read and they're complex but not invisible. What you're really asking for is simplification but that's much more difficult to come by. You don't want a serious conversation either by the looks of it.

                                                                                                                                                  • 1 vote
                                                                                                                                                  #23.25 - Mon Jul 18, 2011 1:49 PM EDT
                                                                                                                                                  Runner99

                                                                                                                                                  Always gotta have the last word, huh? I no longer care what you think.

                                                                                                                                                  • 6 votes
                                                                                                                                                  #23.26 - Mon Jul 18, 2011 2:28 PM EDT
                                                                                                                                                  VIVA-796465

                                                                                                                                                  Runner.........run fast and press ignore button........( :

                                                                                                                                                  • 6 votes
                                                                                                                                                  #23.27 - Mon Jul 18, 2011 7:11 PM EDT
                                                                                                                                                  digitusmedius

                                                                                                                                                  Like I said, no real interest in a discussion. You only want to carp. I'd take VIVA's advice he/she/it knows better than to engage.

                                                                                                                                                    #23.28 - Tue Jul 19, 2011 11:30 AM EDT
                                                                                                                                                    Runner99

                                                                                                                                                    I don't care.

                                                                                                                                                    • 4 votes
                                                                                                                                                    #23.29 - Tue Jul 19, 2011 11:33 AM EDT
                                                                                                                                                    greg-709692

                                                                                                                                                    Just posting anything digit, isn't a discussion.

                                                                                                                                                    How 'bout my question to you, many, many, many post's ago.

                                                                                                                                                    • 4 votes
                                                                                                                                                    #23.30 - Tue Jul 19, 2011 11:36 AM EDT
                                                                                                                                                    digitusmedius

                                                                                                                                                    And Runner's post are? Okay, greg, I'll bite. It's just possible I might not have seen or remember your question, so what question is burning in your soul to be answered?

                                                                                                                                                      #23.31 - Tue Jul 19, 2011 11:56 AM EDT
                                                                                                                                                      greg-709692

                                                                                                                                                      I've asked it many times, right below your own comments and you blow it off. Re-read everything then get back to me. :)

                                                                                                                                                      • 5 votes
                                                                                                                                                      #23.32 - Tue Jul 19, 2011 12:00 PM EDT
                                                                                                                                                      Lkessler

                                                                                                                                                      Digitus: Start at 23.3--the question is there.

                                                                                                                                                      • 5 votes
                                                                                                                                                      #23.33 - Tue Jul 19, 2011 12:05 PM EDT
                                                                                                                                                      greg-709692

                                                                                                                                                      Heck, even #1.14, and that was pretty self explanatory.

                                                                                                                                                      • 5 votes
                                                                                                                                                      #23.34 - Tue Jul 19, 2011 12:10 PM EDT
                                                                                                                                                      digitusmedius

                                                                                                                                                      I answered both, immediately: 23.4 and 1.15. I posted a more detailed answer to that question in another seed, I'll find it and repost it right after I send this. (Interesting note today: the Dems are running an ad today that features St. Reagan making the exact point that President Obama did when Congress was threatening not raising his debt ceiling in 1987). The answer to his rhetorical question in 23.3 is that the President's proposal was obsolete by May and even he didn't want it considered. It's interesting now that his current deficit reduction proposal in answer to the Republican ploy on the debt ceiling contains the exact same amounts for spending cuts and revenue increases as did his budget proposal in February. So, greg, even though the Senate voted not to consider it, it's still quite alive. And if he doesn't get it again now it will be his campaign's economic and fiscal plan in 2012. The public supports it by a 2:1 margin.

                                                                                                                                                        #23.35 - Tue Jul 19, 2011 12:24 PM EDT
                                                                                                                                                        digitusmedius

                                                                                                                                                        Here's one article on why someone's not going to be paid should the debt ceiling not be raised as it always has been by every Congress who ever had to do so:
                                                                                                                                                        http://finance.yahoo.com/news/Debt-ceiling-What-happens-if-cnnm-359093306.html?x=0

                                                                                                                                                        Here's another one:
                                                                                                                                                        http://www.dispatch.com/live/content/insight/stories/2011/07/10/in-default-who-would-get-paid.html

                                                                                                                                                        Even Larry Kudlow, who's nobody's idea of a Dem or Obama pal is pushing not just for raising the ceiling to avoid catastrophe but thinks the President's deal, or something very close to it, is the only thing that will now satisfy the credit rating agencies:
                                                                                                                                                        http://www.nationalreview.com/articles/272101/igoodi-debt-ceiling-deal-larry-kudlow
                                                                                                                                                        and
                                                                                                                                                        http://dailycaller.com/2011/04/13/larry-kudlow-pending-catastrophe-u-s-default/

                                                                                                                                                        Are the National Review and Daily Caller now socialist?

                                                                                                                                                          #23.36 - Tue Jul 19, 2011 12:41 PM EDT
                                                                                                                                                          greg-709692

                                                                                                                                                          I answered both, immediately: 23.4 and 1.15.

                                                                                                                                                          No you didn't. you went off on some other subject just like comment # 23.35 and 23.36.

                                                                                                                                                          Your specific post that started it was this:

                                                                                                                                                          # 1.4 Solvent. At it currently stands, SocSec can pay 100% of benefits until 2037. After that, if no changes are made, it will only be able to make 77% of scheduled benefits until 2084, then 74% after that. With very small changes now, those latter numbers could be restored to 100% well beyond 2085.

                                                                                                                                                          It's either Solvent, or as the President says, Not Solvent.

                                                                                                                                                          I specifically asked if Factcheck, the Board of Trustees and "YOU' were lying (based on your comment # 1.4), or was the Link you put out on Comment #1.13 and the President Lying.

                                                                                                                                                          You can't have it both ways.

                                                                                                                                                          • 5 votes
                                                                                                                                                          #23.37 - Tue Jul 19, 2011 12:49 PM EDT
                                                                                                                                                          digitusmedius

                                                                                                                                                          You're really mixed up again, greg. SocSec is currently solvent, and will remain so until 2037, and much longer if slight changes to the FICA rates are made. I wrote that elsewhere on this seed. No one is lying (breaking the CoH again, eh, greg--calling me a liar without evidence and all). You're question in #23.3 is no more focused than my answer. That issue seems to mean something to you but it doesn't in the real world. The vote tally is as irrelevant as what King George was wearing on July 4, 1776.

                                                                                                                                                            #23.38 - Tue Jul 19, 2011 12:54 PM EDT
                                                                                                                                                            greg-709692

                                                                                                                                                            You're really mixed up again, greg. SocSec is currently solvent, and will remain so until 2037, and much longer if slight changes to the FICA rates are made.

                                                                                                                                                            So, out of your own posting, the President lied in his interview when he said there may not be enough money in the SS coffers to give out the checks.. Thanks for the clarification.

                                                                                                                                                            As to the lying thing, I asked if you were, not that you did lie. Another thing. NV moderators have already told me and others, calling someone a liar is not against the COH.

                                                                                                                                                            As to my comment 23.3, it was very specific, unlike your comment 23.35 and 36, which goes all over the place, avoiding my specific question again.

                                                                                                                                                            Focus Man, Focus !

                                                                                                                                                            • 5 votes
                                                                                                                                                            #23.39 - Tue Jul 19, 2011 1:24 PM EDT
                                                                                                                                                            digitusmedius

                                                                                                                                                            greg, didn't you listen to your president back in 2005 when he explained to the country that there weren't drawers full of cash over at the SocSec building? It was a profound discovery for him, if I recall. Here's a little primer (no, not the first coat of paint, but a basic explanation) of where SocSec money goes. First, FICA taxes are collected by the treasury every month out of paychecks and that money goes into what's called the "general fund" and monthly payments to SocSec recipients are paid by the treasury out of that general fund. Have you seen a SocSec check? It says "U.S.Treasury" on it, not "Social Security Trust Fund." What's left over, if anything, then goes to the Soc Sec Trust Fund where it is invested immediately in U.S. treasury notes to begin earning interest immediately. These bills have maturity dates of various lengths so you never want to trade them in before that date or you do not get the full amount of the interest due. At the end of the fiscal year, the SocSec Trustees sell those mature notes and reimburse the Treasury for its outlay. We already know that there will be more owed by the Treasury in August than the expected revenues coming in so someone is not going to get paid if the country defaults come Aug. 2. The President did not say explicitly that SocSoc beneficiaries would not be paid but that he couldn't guarantee that they would be. The main reason is that he doesn't get to decide. Treasury officials, under the the Secy of the T., will make that decision as they and only they have that authority (you wouldn't want any president to have it, would you?). It is possible that after making payments that must be made that there will not be enough left to pay everyone, including possibly those people expecting SocSec checks. I've already now posted multiple links to people including right wing financial gurus and economic experts who have confirmed that the President's words are accurate. President Reagan made the identical case back in 1987. Maybe you're not old enough to remember Reagan, but he was not a socialist (he was however a confirmed liar in many of his other statements while president but this appears to be one of those instances when he was truthful.) So the President did not lie about the risk to SocSec payments and I did not lie about SocSec solvency. (BTW, he did not say "social security coffers" but simply "coffers" meaning the general fund). Despite what you claim you've been reassured by NV moderators, calling someone a liar when they're not lying is a violation of the CoH. You haven't had a particularly successful track record with me on NV issues, have you.

                                                                                                                                                              #23.40 - Tue Jul 19, 2011 2:52 PM EDT
                                                                                                                                                              greg-709692

                                                                                                                                                              greg, didn't you listen to your president back in 2005 when he explained to the country that there weren't drawers full of cash over at the SocSec building?

                                                                                                                                                              Again with the deflecting. As the article points out, The Dems. and Obama, said things in SS were OK, now they aren't. The point of the article is to show the Hypocricy from the Left, In THIS administration. All noted quotes were from Feb. 2011, just a few months before Obama's interview, where he says "SS checks may not be able to go out because there may not be enough funds".

                                                                                                                                                              It's really clear up there in the article Digitusmedia.

                                                                                                                                                              • 5 votes
                                                                                                                                                              #23.41 - Tue Jul 19, 2011 3:02 PM EDT
                                                                                                                                                              digitusmedius

                                                                                                                                                              greg, no matter how much you wish it to be there, there is no connection between the debt ceiling and SocSec solvency. They are two entirely separate subjects and I explained in some detail how SocSec payments could be in jeopardy and the solvency of SocSec is completely unaffected by that. It couldn't be plainer than that. It really would do you a world of good just to learn how things work if you'd allow yourself to learn. I've also pointed out elsewhere on a similar seed that both Boehner and McConnell have echoed the President's warning on not being able to guarantee who gets paid should there be a default. Gee, greg, at some point don't even you think you have to accept the truth?

                                                                                                                                                                #23.42 - Tue Jul 19, 2011 6:00 PM EDT
                                                                                                                                                                greg-709692

                                                                                                                                                                greg, no matter how much you wish it to be there, there is no connection between the debt ceiling and SocSec solvency.

                                                                                                                                                                That's been my point the entire conversation digitusmedius. Do you comprehend anything anyone else writes?

                                                                                                                                                                As the interview specifically tells us, the President says otherwise, so, whose lying. The Politicians, President Obama, YOU, Board of Trustee's, Factcheck etc... Who?

                                                                                                                                                                Either the payments can be made or they can't. For the President to use the debt ceiling as a scare tactic, especially if it's a false premise, is "Fear Mongering". Makes him no better than the ones he complains about.

                                                                                                                                                                • 6 votes
                                                                                                                                                                #23.43 - Wed Jul 20, 2011 7:14 AM EDT
                                                                                                                                                                Reply
                                                                                                                                                                digitusmedius

                                                                                                                                                                Both Boehner and Paul Ryan have now confirmed President Obama's statement on the uncertainty of whether SocSec checks will go out as scheduled in early August if the debt ceiling is not raised. Now, who's losing their "MOJO" again, exactly?

                                                                                                                                                                  Reply#24 - Fri Jul 15, 2011 12:23 PM EDT
                                                                                                                                                                  digitusmedius

                                                                                                                                                                  The Republicans ignored President Obama's first budget that proposed $4T in deficit reduction over ten years, then failed miserably on Paul Ryan's massive pile of @!$%#, then got another Presidential proposal to cut the deficit by $2.4T, with 83% spending cuts and 17% increased revenues, and they crapped all over that idea. I wonder if they've noticed that they keep getting offered less and less and all the public sees is a big red NO whenever the Republican party is mentioned. The last time Republicans behaved this way was in 1995 and it paved the way for a huge Clinton victory in 1996. Are they trying to repeat history?

                                                                                                                                                                    Reply#25 - Fri Jul 15, 2011 1:55 PM EDT
                                                                                                                                                                    Libertarian y2k

                                                                                                                                                                    2 trillion in cuts and two trillion in tax increases (once again; spending problem not taxing problem) to reduce projected borrowing increases to the debt; not reduction of debt. That fixes nothing. By that time we need to be done borrowing and begin reversing it by paying on the debt. That wasn't a solution; that was a token gesture.

                                                                                                                                                                    • 6 votes
                                                                                                                                                                    #25.1 - Fri Jul 15, 2011 7:29 PM EDT
                                                                                                                                                                    digitusmedius

                                                                                                                                                                    That's a total of $2.4T in deficit reduction, only 1/6th of it ($400Bn) from increased revenues. Where do you get $2T and $2T? I'll bet your one of those people who claim we never had revenue surpluses under Clinton either, no matter how many times you're shown the numbers. Cutting spending any fast will crash our economy pronto. Just look at Britain if you want to see the result of conservative "austerity" measures--they're basically back in recession after less than a year of Tory leadership.

                                                                                                                                                                      #25.2 - Fri Jul 15, 2011 7:42 PM EDT
                                                                                                                                                                      Libertarian y2k

                                                                                                                                                                      Who the hell cares about deficit reduction in projected borrowing in 10 more years? The main goal should be debt reduction; not deficit reduction. Of course we had revenue surplus under Clinton. The conservatives in congress demanded it. And unlike our current POTUS, Clinton compromised and displayed leadership putting his foot down with the statists in his party.

                                                                                                                                                                      Never thought I would be elevating Slick Willy as much as I do anymore :)

                                                                                                                                                                      Cutting spending too fast will crash our economy? Really? I would like to place a bet on that. Lets elect a fiscally conservative senate and white house in 2012 to go along with the house and put that to the test.

                                                                                                                                                                      • 6 votes
                                                                                                                                                                      #25.3 - Fri Jul 15, 2011 7:53 PM EDT
                                                                                                                                                                      digitusmedius

                                                                                                                                                                      trying to type a bit too fast: that should be "you're one of those, etc...." and "faster will crash, etc.."

                                                                                                                                                                      And this: "The conservatives in congress demanded it" is just hilariously wrong. Conservatives predicted the whole economy would collapse when taxes got raised in 1993. Just the opposite happened. I'm sorry, Lib, but you and your Republican allies have lost what little credibility you might ever have had on how to manage an economy and be fiscally sound at the same time. You sat back silently for 8 years of profligate Republican spending and ruinous tax cuts and tried to blame poor people for the inevitable disaster that happened in 2008. We just don't listen to you anymore. You've never been right in theory and you've been disaster in practice.

                                                                                                                                                                        #25.4 - Fri Jul 15, 2011 8:04 PM EDT
                                                                                                                                                                        digitusmedius

                                                                                                                                                                        Just to elaborate on that "conservatives demanded it" howler:

                                                                                                                                                                        In proposing a plan [in 1993] to cut the deficit, Clinton submitted a budget that would cut the deficit by $500 billion over five years by reducing $255 billion of spending and raising taxes on the wealthiest 1.2% of Americans.[48] It also imposed a new energy tax on all Americans and subjected about a quarter of those receiving Social Security payments to higher taxes on their benefits.[49]


                                                                                                                                                                        Republican Congressional leaders launched an aggressive opposition against the bill, claiming that the tax increase would only make matters worse. Republicans were united in this opposition, as it were, and every Republican in both houses of Congress voted against the proposal. In fact, it took Vice President Gore's tie-breaking vote in the Senate to pass the bill.[50] After extensive lobbying by the Clinton Administration, the House narrowly voted in favor of the bill by a vote of 218 to 216.[51] The budget package expanded the Earned Income Tax Credit (EITC) as relief to low-income families. It reduced the amount they paid in federal income and Federal Insurance Contributions Act tax (FICA), providing $21 billion in relief for 15 million low-income families. Improved economic conditions and policies served to encourage investors in the bond market, leading to a decline in long-term interest rates. Clinton's final four budgets were balanced budgets with surpluses, beginning with the 1998 budget, which was the first balanced budget since 1969.[1][52] The surplus money was used to pay down the public debt by $452 billion, though the gross federal debt continued to increase.[2] The economy continued to grow, and in February 2000 it broke the record for the longest uninterrupted economic expansion in U.S. history, which began during George H. W. Bush's presidency.[53][54][55]

                                                                                                                                                                        Furthermore, Republicans campaigned so savagely on that tax increase that they were able to get back control of Congress in '94.

                                                                                                                                                                        and:

                                                                                                                                                                        I would like to place a bet on that. Lets elect a fiscally conservative senate and white house in 2012 to go along with the house and put that to the test.

                                                                                                                                                                        been there, done that---disaster. I'd bet on my earlier statement but since Britain has already done the experiment for us, there's no need to. No, betting on nags is your thing, Lib.

                                                                                                                                                                          #25.5 - Fri Jul 15, 2011 8:22 PM EDT
                                                                                                                                                                          Libertarian y2k

                                                                                                                                                                          You are correct; republicans did fight the increase in taxes. But why were they all sitting down at the balanced budget table to begin with? Remember who drove that issue? And who knows, if the tax increases wouldn't have been a part of it the increased revenue from added growth could have even produced a larger surplus.

                                                                                                                                                                          Britain has already done the socialist experiment for us to so we have no need as well :)

                                                                                                                                                                          • 6 votes
                                                                                                                                                                          #25.6 - Fri Jul 15, 2011 8:49 PM EDT
                                                                                                                                                                          digitusmedius

                                                                                                                                                                          Clinton is who drove the issue with his proposed budget; that's who drove the issue. They weren't "all" sitting around the "balanced budget table." Republicans never came to the table. They saw tax increases and walked away. And this:

                                                                                                                                                                          And who knows, if the tax increases wouldn't have been a part of it the increased revenue from added growth could have even produced a larger surplus.

                                                                                                                                                                          is downright hilarious. After that "job killing, economy suffocating" tax increase the country created 22 million jobs and had the longest sustained period of economic growth in our history and you're claiming it could have been bigger without the tax increase. If we've learned nothing else over the past ten years is that tax cuts do not create economic growth or any kind of record job growth. This has been true all throughout our history since the income tax came into existence. You cannot find one time in our economic history where tax increases hurt an economy or tax reductions created any record high growth. That's right wing economic voodoo mythology and we're living with the devastating results at this moment. And, as for the UK, after the last year of disastrous Tory economic austerity I think Britain would be more than happy to have its booming "socialism" back.

                                                                                                                                                                            #25.7 - Sun Jul 17, 2011 5:29 PM EDT
                                                                                                                                                                            Libertarian y2k

                                                                                                                                                                            "Booming socialism" is an oxymoron. Socialism is a failed experiment. We are seeing the final grades getting passed out now. The system dooms itself with the creation of an entitlement society combined with reducing the innovation and efficiency of industry. Common sense tells us that once the producers are outnumbered by takers the countdown to failure begins. Free enterprise is the best economic model ever produced; the freer the better. It could be argued that socialism is actually less viable then a state controlled communism. At least that model lasted longer :)

                                                                                                                                                                            • 6 votes
                                                                                                                                                                            #25.8 - Mon Jul 18, 2011 7:54 PM EDT
                                                                                                                                                                            digitusmedius

                                                                                                                                                                            Well, of course it is. It was irony, Lib. The U.K. is, of course, not a socialist nation. Every economy that doesn't fit your feudal model is not socialist just because of that.

                                                                                                                                                                              #25.9 - Tue Jul 19, 2011 12:00 PM EDT
                                                                                                                                                                              Reply
                                                                                                                                                                              KYPIAKOC

                                                                                                                                                                              Personally I don't want to know about any congressman's "mojo"

                                                                                                                                                                              ;)

                                                                                                                                                                              • 8 votes
                                                                                                                                                                              Reply#26 - Fri Jul 15, 2011 2:54 PM EDT
                                                                                                                                                                              AmericaRepublic

                                                                                                                                                                              LOL

                                                                                                                                                                              • 8 votes
                                                                                                                                                                              #26.1 - Fri Jul 15, 2011 2:55 PM EDT
                                                                                                                                                                              VIVA-796465

                                                                                                                                                                              funnnnny and sooooo snarky...........I give you two snarky stars, KYPIAKOC

                                                                                                                                                                              • 6 votes
                                                                                                                                                                              #26.2 - Fri Jul 15, 2011 3:26 PM EDT
                                                                                                                                                                              KYPIAKOC

                                                                                                                                                                              Thanks! That makes my time on the 'Vine today worth it:)

                                                                                                                                                                              • 8 votes
                                                                                                                                                                              #26.3 - Fri Jul 15, 2011 3:34 PM EDT
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