Saturday, July 16, 2011

Government Failure Will Put Millions of Disabled and Elderly on Streets

Below is from a financial analyst, describing what will happen if the debt ceiling is not raised. Social Security payments will not be made, if republicans have their way. This is their way to end social security and harm as many disabled and elderly Americans as possible. That's how Republicans roll.......apparently. The poor elderly and disabled live on almost nothing. Landlords are often heartless about late rent payments even with a good excuse like "the Republicans are trying to kill me". Sorry for the over dramatization. I'm sick of all this and how we pay out billions in foreign aid, how we pay evil and corrupt war contractors billions to do nothing and how suitcases full of millions in cash has disappeared in Afghanistan with the military's unbelievably bad oversight of cash. But what do Republicans want to cut from America? Old people and disabled people. Like Nazi's. I'm telling you, like Nazi's.

"By dint of what comes in on a day-to-day basis, the government can keep paying about 60 percent of its bills, and will fail to pay the other 40 percent," says Alan Blinder, a Princeton professor and former vice chairman of the Fed.

If you're relying on a government check — a benefit check or a paycheck — you may or may not get it after Aug. 2. (The government is scheduled to deliver a round of Social Security checks on Aug. 3.)

Some lawmakers are trying to figure out who's first in line. A trio of Republican lawmakers introduced a bill on Wednesday that would have the government prioritize military salaries and debt payments. Not on their list? Social Security and unemployment."

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