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Old July 14th, 2011, 09:31 PM
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i really need to watch the news

hey everyone so anyone in the usa heard i guess that they may not be able to give social security next month?
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Old July 14th, 2011, 09:39 PM
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That is the scuttlebutt. If the dems and reps can't come to some kind of agreement to raise the debt ceiling by Aug 2nd, theoretically the U.S. will be out of money. Right now alot of political gamesmanship is being played. I am certain they will reach some eleventh hour deal. If they don't the reprecusions are huge. It would wreak havoc on the worlds financial markets.
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Old July 14th, 2011, 09:57 PM
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yea i understand that i'm sitting here chewing my fingernails (figurativly) lol because my husband recieves that due to his illness and yea i need that for bills and his meds haha
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Old July 15th, 2011, 08:30 AM
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MWW,I certainly hope that is not the caseif the US is running out of money,they should start cutting from the top,not from the sick and poor..
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Old July 15th, 2011, 11:54 AM
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Amen to that Chico2. MWW, I also think they'll pull something magic out of their hats and get the business done. I just can't see them letting that happen, it would be devastating to so many people and the economy, and the world markets. Too many ramifications for them not to come to some sort of resolve. Good luck to you and hubs. I hope for all the people who need the assistance that they get it together. It's hard to understand really how one the most powerful nations in the world can simply run out of money! I'm honestly not buying into that.
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Old July 15th, 2011, 01:49 PM
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That does seem to be impossible!! It's hard to imagine that being allowed to happen. Somebody down there needs to get their act together and smarten up! Maybe now's the time to completely pull out of the Middle East...save a bit of money there!
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Old July 15th, 2011, 01:53 PM
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It's because the yokels in Washington have spent us into the hole. They want to increase the debt limit to make payments on the interest of the national debt. *sigh* That's how a nation runs out of money...

I'm sure they'll end up with some sort of compromise, but even if they didn't, the money is there for SS--they could use common sense and cut unnecessary spending somewhere else to make those payments. But if they said and did that, there would be no political blackmail, and what's the fun in that?

Politicians...
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