Barack Obama, The Demagogue in Chief, dusted off one
of the Democratic Party’s oldest tricks in their worn out playbook: scaring seniors. Yep, it was as predictable as the sun rising
in the morning. And of course CBS News
was a willing accomplice. News Anchor Scott
Pelley asked the Messiah if Social Security checks would be issued after the
August 3rd debt ceiling deadline.
Here was the response from Dear Leader:
"I
cannot guarantee that those checks go out on August 3rd if we haven't resolved
this issue. Because there may simply not be the money in the coffers to do it."
This
assertion is a complete fallacy. CNSNews
reported the following:
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).
Specifically, according to the Daily Treasury Statements,
as of the close of business on May 16, the federal government had taken in
$1.333454 trillion in tax revenues since the beginning of fiscal 2011. By the
close of business on July 7, tax revenues for fiscal 2011 had grown to
$1.629630 trillion. Therefore, between May 16 and July 7 the federal government
took in a total of $296.176 billion in new tax revenue.
A new movie should be made: Barack Obama Scaring Seniors and Loving It.
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