Why do you think there were no complaints? Live in a cave halfwit?
SS benefits could be the first to go in a matter of days if the US defaults
- Thread starter Guno צְבִי
- Start date
Why do you think there were no complaints? Live in a cave halfwit?
So Government should have no spending restraints? Asinine.
Searching for an argument?
Projection from someone who defines the term.
floridafan
Verified User
It’s up to Congress to regulate spending
That's why they have a debt limit shit-for-brains.
floridafan
Verified User
Fuck face the debt limit comes into effect AFTER The money is spent. It’s useless.
Does that mean Congress spends trillions of dollars and then borrows money to repay what they already spent? How did they pay civilian employees, military, and all other spending if they did not have the money?
Sell bonds and notes?
But they can't sell treasuries until after the debt is increased and the money has been appropriated. Didn't the debt ceiling increase allow the government to borrow and appropriate money to pay soldiers, for example, after October 1?
If the debt ceiling increase was to pay for money already spent, how will they pay future funds? They can't pay soldiers in October with money that was already spent. I understand some of the funding will be from tax revenues, but those are not sufficient to pay the entire budget. Maybe I'm trying to make it too complicated.
IDK. Never a finance or business guy. I just saved my money, stashed as much as possible into a S&P 500 fund and hoped for the best. LOL
That is what I did. I could have gone with the teacher (state employee) retirement fund or put in optional retirement with Fidelity (or others). I also paid Social Security which is not common in education, so I get both retirement funds. When I retired I put the money in Crawford Investments (through Fidelity) that buys bonds and dividend paying stocks. I have to take out a minimum required distribution every year.
I was fortunate enough to be able to wait until 65 before drawing SS. Since family genetics indicate I won't live much past mid-80s, it didn't make sense to hold off on money I could never spend. I began drawing a military pension at 60...giving a third to an ex. LOL
I started collecting SS at full retirement age (66) while I was still working. My health is pretty good although I just got my 34/44 radiation treatment today for prostate cancer.
I take it the treatments are going well? I'm big on vaccinations and regular doctor victims; nip all that shit in the bud if possible. LOL
Geeko Sportivo
Verified User
Democrats and Republicans are humans and like to spend money.
Because the deficit has increased to such huge debt, just the interest alone on last years money we borrowed in the form of Treasury Bond sales, is causing us to have to raise the ceiling every year now- just to account for that.
It's been going on for 20 something years now!
You'd think by now Congress would understand that there will be interest charges on top of what we borrow. We should have an escrow account for those - but we don't.
Don't we as individuals have to account for interest charges on credit card accounts, when we do our personal budgets?
Well, Congress should also do this- but they won't.
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Agreed. Even when budget was balanced and there was no deficit (Clinton) the debt continued to grow because of intergovernmental debt (Social Security).
Don't know anything yet. It is five days per week but only takes about 3 minutes. They will do a PSA test after the last treatment. I also had a hormone shot to reduce the testosterone which is necessary for the cancer to grow. It might cause hot flashes.
Best wishes on successful results.
Geeko Sportivo
Verified User
I think that one thing the government doesn't do well, is not having set up escrow accounts and rainy-day fund accounts for things such as National, GLOBAL, and Humanitarian disasters- BECAUSE WE KNOW THEY ARE INEVITABLE AND ARE GOING TO COME AROUND SOONER OR LATER!