“President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks.”
“However, according to the Daily Treasury Statements published by the U.S. Treasury Department, the ongoing flow of federal tax revenue since the Treasury declared that it had hit the debt limit on May 16 has been more than sufficient to cover the combined costs of federal spending on interest payments, Medicare, Medicaid, Social Security, the Veterans Affairs department and federal workers wages and insurance benefits (including wages and insurance benefits for military personnel).”
“Raise Taxes or Granny Gets It”
Click the image & read the WSJ analysis:
Raising taxes will NOT increase revenues!
It’s just an effort to pander to ignorant class hatred.
We have a SPENDING problem, NOT a revenue problem!
ENOUGH ALREADY! NO NEW DEBT CEILING!