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Woah! Wait a minute. Look at what's wrong with this

By       Message Ed Martin     Permalink
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Take a look at this headline from the Huffington Post and see if you can tell what's wrong with it.

"Delayed Social Security Payments May Prevent Default But Would Cause Disaster."

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What I see is that "Delayed" Social Security payments doesn't prevent default, it actually is a default, a default on the government's debt to those 55 million people who live on Social Security. Those who depend on it for a bare level of subsistence living.

The Republicans have always wanted to kill Social Security. Now, they've use the fake debt ceiling issue to do it. More than $500 billion in interest on the national debt comes due in August. $23 billion in Social Security payments comes due on August 3.

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Headline from a Bloomberg article linked in the Huffington Post article.

"U.S. Contingency Plan Gives Bondholders Priority."

In other words, withhold from the most vulnerable, the poorest, the oldest in our country in order to see that the banksters in other countries get theirs first. Sound familiar?

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So, withholding $23 billion from Social Security recipients will pay off $500 billion? I don't think so. Hell, there are private individuals who could write a check for $23 billion to fund the Social Security payments. The United States doesn't have as much money as some private individuals? Again, I don't think so.

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Ed Martin is an ordinary person who is recovering from being badly over-educated. Born in the middle of the Great Depression, he is not affiliated with nor a member of any political, social or religious organization. He is especially interested in (more...)
 

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