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اردو
With the odds of a U.S. debt default increasing, Social Security advocates warn beneficiaries they should be prepared in case their payments are interrupted.
Negotiations around whether the nation's ability to borrow money should be expanded have been ongoing, but Congress and the White House have yet to reach an agreement on the path forward.
The impasse has placed the U.S. in a precarious financial position, and leaves some of the most vulnerable Americans at risk.
Dan Adcock, director of government relations and policy for the National Committee to Preserve Social Security and Medicare, said there is a "good chance" that in the event of a default, millions of Americans' benefits would be disrupted.
"Seniors should be prepared if they're financially able," Adcock said, adding they should consider putting off discretionary purchases "so they have enough to tide them over."
But millions of beneficiaries have no financial room to maneuver, Adcock said, noting that about 40% of Social Security recipients, which include Americans who are disabled and those who are widowed, receive 90% of their income from the safety net program. That equates to nearly 27 million people.
"Even though we're a few weeks before a default, they won't have enough to squirrel away to cushion for not getting their payments," Adcock said.
Analysts suggest it isn't certain that the government will miss payments to Social Security recipients in the event of a default. The matter would likely depend on how much cash is on hand if or when the debt ceiling is breached.
The staggered schedule of Social Security payments, which relies on an individual’s birthdate to determine which part of the month they receive them, means not all beneficiaries would be equally affected in a missed or partial-payment scenario.
The White House and House Republicans remain at odds after meeting on Wednesday to discuss a resolution to the impasse. NBC News Capitol Hill correspondent Ali Vitali reported the meeting was “tense.” Led by House Speaker Kevin McCarthy, the GOP seeks spending cuts from President Joe Biden in exchange for an agreement to raise the debt ceiling and avoid a default.
On Thursday, the White House said a scheduled follow-up meeting had been postponed.
Comments
Hyperinflation in Weimar Germany, the causes and consequences.
https://ia802202.us.archive.org/1/items/when-money-dies-the-nightmare-of-deficit-spending/When%20Money%20Dies_The%20Nightmare%20of%20Deficit%20Spending.pdf
It's not just about wheelbarrows of money.
oh what a sight that will be
In another question they asked him what's his answer to the energy problem?
His reply? DRILL BABY DRILL!!!
BTW- Whose buying all our Treasuries? Our enemy, the Federal Reserve. After the American Revolution we owed the foreign banksters $8 million and they demanded payment. Result? War of 1812. Andrew Jackson tried to throw them out and they sent an assassin after him who fired his gun, missed and Jackson proceeded to cane him half to death. Then they killed Lincoln who had refused to borrow from them.
.. and every time they raise it every dollar in benefits you continue to receive becomes worth less!!
If you rely on Social Security exclusively, you need a Plan B ASAP!
.. and every time they raise it every dollar in benefits you continue to receive becomes worth less!!
If you rely on Social Security exclusively, you need a Plan B ASAP!
Raising the price from $42 on ther treasury books to a reasonable amount
?? $40,000/oz gold
Sooo ..... what about the thousands of illegals that just entered the country ...... are THEY STILL gonna get their payouts ??? no doubt .....AND ALL of them no good demons that are killing the country .....continue paying those bastards too ????
The Education Department should be destroyed and the building(s) sold. The Department of Homeland Security should be destroyed and all of its material items and its properties be sold. The Executive branch should forfeit any and all salaries. (Trump did)
The same for the Legislative and Judicial branches: no salaries until the debt issue is fixed.
Reader: you can add to this list. God bless.
DJT tried but the “woke” idiots prevailed…
https://stacker.com/business-economy/some-strangest-projects-funded-taxpayer-dollars
Time for us very patient men to arise and get the job done. Time to move against all demon-crats and save our culture of being the 'Light on the Hill'.
Time to storm every media outlet time and again about their lies and pronounce our commitment to truth and peace very loudly.
Set up car pools, send emails and face each and every politician and their staff on the street and call them out.
Promise to vote down their retirement benefits. These people are so corrupt and they are so deluded into believing they are royalty.
As our constitution states, 'from time to time' throw the bastards out!
If we don't just 'BEND WAY OVER AND KISS YOUR ASS GOODBYE!'
Enough said............
God bless us all and pray for the strength of Moses.
Rule #1 Be invisible
#2 Be a puffer fish, look super bad
#3 DON'T MISS!
There you have, rules to survive by.
Simple program for complicated people;)
The illegal invaders in the south and the Ukraine insanity will surly be spared this ax.
that I doubt he will back down. He had decades in the senate where he was allowed to act like an almighty untouchable GOD, and then especially as VP. We need not wonder why that bastard is hell bent upon not budging an inch.
He may have handlers BUT he also has a profoundly EVIL personality…..that personality feeds right into the tasks his handlers may recommend.
It's the profane keyboard commando typing his nonsensical statements as if the people running the show really care what you think.
Now go and take your medications and go take a nap.
it would be poetic justice if every single social security office in this country were burned to the ground......
That IMHO would not even come close to the "justice" that they really deserve.
This is a real program, for citizens of any country.
After seeing the true nature of "Americans" during the past 3 COVID years, I see no hope at all in staying here.
If I had the resources I would be looking at moving to Russia and taking that free land that they are offering.
We are now a people that despise liberty and freedom and I am not on board with that at all.
I feel nothing but disgust for America and Americans and their love of servitude.
I'm also disgusted with us. Thieves in charge, invaders boldly coming in, people.walking about with no clue what we here know.
Hals tale about having good neighbors is a little bit encouraging. I have lived in rural PA myself (now in rural MO).
I can assure you Hal that almost no one is even remotely ready, you sure don't sound as if you are.
Don't be deluded Hal when things get tough that these "nice neighbors" can and will kill you for a Bic lighter if they have to.
Without a local WELL trained militia you are in for a lot of grief and death.
I am not as fortunate in the neighbor department. All of my neighbors have at best a room temperature IQ. They are not even remotely prepared. or aware of what is coming.
When SHTF my neighbors will be a much bigger threat to me than the invading Russian or Chinese......
Rather than my neighbors defending against outside threats I see them killing each other and me ---- trying to obtain resources.
It's a hell of a lot worse than I can describe here. Even for you Hal in your ostensibly better situation.
Sounds like you need to move or find a bug out community. What do you have to offer them?
He needs to live alone, FAR FROM HUMANITY.
Good youtube channel is ROSERED HOMESTEADING
THE WOMAN is a PHD IN FOOD SCIENCES, I BELIEVE
SHE DOES NOT CUT SAFETY CORNERS
FANTASTIC TEACHER
ONLY BY THE BOOK PRESSURE CANNING
BEST CANNER MADE BY ALL AMERICAN, IN WISCONSIN
and for those not comfortable w/canning there is a veteran-owned company that markets “clean” freeze-dried beef. A bit pricey but the convenience of ready to use (add water) and portability of these packets vs glass jars may be a better fit for some on this forum.
We plan to purchase a small quantity which we will break down into smaller bags (ala seal-a-meal) and divide them amongst our individual backpacks.
If interested, check for any discount code that applies…
https://thelibertydaily.com/why-a-veteran-owned-freeze-dried-beef-company-unabashedly-embraces-an-america-first-worldview-2/
https://wholecowstld.com/shop/
https://www.google.com/search?q=can+I+use+mylar+bags+on+my+seal+a+meal+unit&ie=UTF-8&oe=UTF-8&hl=en-us&client=safari&bshm=bshqp/1#kpvalbx=_gjZgZJLDIvurqtsP5sC4yAQ_35
https://pleasanthillgrain.com/food/meat-fish-poultry
Dude was a commie, got shipped back to the eastern block after living in the US as a spy for over 20 years. He sued the US for violating his fifth amendment to due processes and that for 20 years he "paid" into social security, thus entitled to his first tier of SS bennie.
Gov very clearly admitted that the whole idea was sold as a lie, and that he was not entitled to any monies since it is a TAX. Feds even admitted, (even back then) that the money taken out of our pay check was spent the second it was taken. So even if he was entitled to damages, he wasnt getting it, as it was already spent.
and t lies only work on pathetic, complacent, stupid, ignorant, and cowardly people....
Exactly what almost all Americans have become.
Unless the time has finally come to pull the plug.
You know, "The Great Reset", Deagel Report, etc.
So I am supposed to get exited that if they do pay me 1/5th of what my investment should return? (a 2% ROI)
That is the actual degree that we are being raped, even if they do hand out the chicken feed payments to us.
The thing is that this was designed from very the beginning to keep retires poor -- because the poor become dependent on government.....
Dependent for food stamps.
Dependent for energy assistance.
Dependent for Obama Phones
Dependent for property tax rebates...
Controllable in other words.
Soon they will require the JAB to get any of these benefits.
FDR was a fuking communist and the American people accepted this fuking communist plan to enslave them.
Sometimes I wish I was born in a country with sane, educated people rather than this POS country and it's POS dumb as fuk citizens.
The US government has never failed to fuk it's people. (a people that are usually too fuking stupid to even see that they are being violated)
Lucky as hell are the government employees in Galveston Country Texas that were the among the last to escape this COMMUNIST "social security system".
(my Amish neighbors have also escaped it's clutches)
Why you may ask?
Because in Gaveston TX there actually is a fund and the investments of that fund return a 400% to 500% better return than the serfs that were forced at gun point to pay 15% of their income into social security -- a fund that by law does not even have to pay you anything in return!!
Americans are dumb fuks is the only conclusion that one can come to.
Perhaps as illustrated in Hals show last night,
people that will be left with ZERO income may have to resort to burning government officials out of their fuking homes to get their attention.
We can only hope they do !
and how the fuk are they going to fight when they lack the physical conditioning?
When they don't even have the weapons necessary, because our Satanic government has made them illegal and your POS pastor has gone along?
When logistically they can not win?
Because they will all have trouble even feeding themselves much less their families.
If we began today it would take at least 5-10 years to develop a decent militia.
The 90% that you talk about fighting are stupid as it gets if they think that they will prevail or be effective.
Your position is delusional as merely having small arms is not going to win any war.
To do that you need training, logistics, and the weapons of war.
We don't have any of those things!
Don't forget the "unintended" 5th columns like the 10 million illegals that came in this year.
If I were the government, I would promise millions of these illegals, food and life, if they helped the government take the guns from US citizens.
And this is likely what many of them will be used for.
FYI we need a fuking hell of a lot more than prayer.
Its is relying exclusively on sitting on our asses (prayer) and doing little else that got us here in the first place.
If you have not figured it out yet, "modern Christianity" is completely controlled by the globalists and serves them more than anything else.
On a side note, the current Southern boreder migration weapon being paid for w/our Welfare $$$. Watch what happens once those promised freebies disappear for all those invaders.
The war is upon us. Let it start now, before tens of millions more combatants are staged n armed BY OUR OWN TREASONOUS GOVT, all around CONUS.
Waking up means you now have a woke up ignorant child.
It is not going to matter how woke up they are, we do not have the means, or the knowledge, to win this battle due to THEM going along for the past 50 years.
You do reap what you sow.
We are going to reap massive death regardless of how many dumb asses "wake up".
So many seniors living benefit check to benefit check….how are they to prepare for a disruption in a matter of days???
Locally we see lots of 70-somethings as hourly workers at entry-level jobs where young adults once were in the majority. GenZs don’t or won’t work.
Now we see the a$$wipe mayor of NYC is evicting homeless military vets to make room for recent arrivals from FJB’s border fiasco!?!
https://www.dailymail.co.uk/news/article-12079357/Homeless-veterans-booted-upstate-hotel-make-room-migrants.html
It was not until I was near retirement that they admitted that Social Security was considered an "unfunded mandate."
"....It was not until I was near retirement that they admitted that Social Security was considered an "unfunded mandate."....."
From day one this was recognized by many for what it was.
Anyone that can do math can figure out that the 2% ROI amounts to theft and rape!
We miss the causative factor here and that is the 12 year long Communist indoctrination that we are all forced at gun point to attend.
If we actually educated our children, rather than allowing Caesar to do so, much ot this would not even be happening.
Only a stupid and uneducated people would have gone along with "social security".
And what did "your generation" do?
Not a fuking GD thing!
They acted like the USELESS, de-nutted serfs that Americans have become.
They were so GD stupid that they could not see that the ROI was 2%!
Or that they were only going to be paid 1/5th of what they were due for the amount that they paid in!
This is Socialism/Communist clear as day with Americans too fuking stupid and cowardly to do a thing about being treated like cattle and slaves.
Welcome to the Communist country that the "greatest generation" (my ass) created.
I agree with you. However, one of these times its going to be for real. As I look around me in every direction things are much worse than since the last time this was announced. It could be for real this time around. That shouldn't surprise anyone. We have been lulled to sleep with media mind programming which the enemy wishes to produce cognitive dissonance so everyone will be caught off guard.
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