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Jul 23, 2011

Will The August Social Security Checks Come Out On Time?

Read this detailed report from the Los Angeles Times on how the debt ceiling talks broke down and tell me that you're still optimistic that the debt ceiling will be raised in time to prevent delays in issuing Social Social checks. I will grant that I have said in the past that we should watch the stock market to see how serious the threat is and the stock market may have been a bit nervous but there has been no sign of collapse.  It's hard for me to believe that anything other than the rapid collapse of financial markets will bring about a resolution of this problem.

By the way, notice that Republicans wanted to delay the announcement that they were withdrawing from talks with the White House until after the stock market had closed for the week. We'll have to watch to see what happens on Monday.

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  • 6 Comments:

    Anonymous Anonymous said...

    This is beginning to look like our elected leaders have lost control of the process. All the reckless rhetoric may have given motion to something that may be unstoppable. Unstoppable until the checks are late, until federal employees are sent home, until interest rates go up, until unemployment rises to Great Depression levels, and until small businesses throughout the country start to contemplate bankruptcy. Tea Partiers won't be able to resist those calls, so they'll cave. Who knows what damage will have been done by then.

    10:29 PM, July 23, 2011  
    Anonymous Anonymous said...

    I no longer believe that the debt ceiling will be raised. I thought we'd elected sensible adults to Congress, but I was wrong. The GOP and the Dems are both locked in ideological struggle to kowtow to their base supporters in 2012. Look at what happened to FAA funding(and this was the fault of Congress alone): Major airlines, of course, givig the lie to the myth that lower taxes will result in economic stuulus, raised their ticket prices to cover the lost tax and increase profit. Meanwhile, thousands of FAA employees are laid off and all airport construction projects are halted. This is just a taste of what will happen on Aug. 3.

    1:28 PM, July 24, 2011  
    Anonymous Anonymous said...

    They are to busy being Dems and Repubs. They are to stubborn to agree on anything. Why? Because it's in the "party title" They are no longer Americans. They could care less about us. Because they are to busy stomping their feet like high school cliques. It's crap and I am not happy with our government. I would be shocked if any of them are in office after the terms are up. Americans really need to wake up and choose wisely who they put in office. We can still be that proud country we once knew. But these guys? They are just spiraling us down to a country in debt with no confident leaders. It's sad. And I can gurantee none of their pay will be cut or on the table. If it was up to me I would cut their pay until something was solved... I bet they would have a debt ceiling ASAP figured out. GREEDY POLITICIANS the whole lot of them... all parties.

    4:13 PM, July 24, 2011  
    Anonymous Anonymous said...

    I don't think the August SS checks or many other domestic debts owed by the governement will be paid on time in August. The whole of social security may go the way of the COLA. In fact it is a done deal. Generally if they say it might happen it has already been decided. The publicity is to soften up the naturally dumbed down public.

    4:31 PM, July 24, 2011  
    Anonymous Anonymous said...

    Drug test government and social security disability beneficiaries.

    1:08 AM, July 25, 2011  
    Anonymous Anonymous said...

    Save money, shoot the poor!

    1:47 AM, July 25, 2011  

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