Issa needs Lew to testify why is he scaring the Social Security recipients, when he knows that he is not allowed to dip into the SSN. Lew, also, needs to explain, how did they shift money around from May, how much did they shift, and why didn’t they ask for the debt ceiling increase in May
Posted on | October 6, 2013 | 11 Comments
Lew said the government has been managing to make payments since May by shifting money around, but it will run out of those options on October 17. Unless Congress votes to raise the debt ceiling, the federal government will be left with “a very, very short window of time” before it would have to stop cutting checks for Social Security recipients or disabled veterans and would undermine the full faith and credit of the U.S. government, he said.
Obama was running deficit that is 3 times higher than the deficit that was incurred by Bush. Average deficit incurred by Obama was 1,2 trillion dollars every year. In January Obama increased taxes by 650 billion. For that reason alone the deficit was supposed to go down to about half a trillion per year, however he immediately ran out of money. In February he asked for a temporary 3 months increase in debt ceiling, increased the debt by 300 billion by May 17. Since May for half a year he was taking every month a 100 billion or more from the Federal employees retirement and disability fund.
So in spite of additional 650 billion that he took from us in taxes this year, he managed to incur the same 1.2 trillion debt in 2013. This man is either completely brain dead or completely insane or he is on the mission to destroy the U.S. economy.
WASHINGTON – The partial government shutdown headed into its second week with no sign of resolution to the bitter stalemate as key Republicans in Congress on Sunday linked the current budget impasse to the looming confrontation over a potential …