WE JUST RETURNED FROM A TRIP TO WASHINGTON D.C..
WE DECIDED NOT TO BLOG UNTIL WE TURNED.
WE DIDN’T WANT TO POST ANY MORE BLOGS ABOUT WHAT MIGHT BE, SO WE WENT TO WASHINGTON D.C. TO SPEAK WITH MEMBERS OF CONGRESS, BOTH ON THE REPUBLICAN AND DEMOCRATIC SIDE.
IF THE GOVERNMENT DEFAULTS ON AUGUST SECOND AMAGEDDON BEGINS.
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BUT TO SAVE THIS COUNTRY’S CREDIT RATING THE GOVERNMENT AND PARTICULARLY THE TREASURY DEPARTMENT HAVE OUTLINED AND NOT MADE PUBLIC WHO AND WHAT WILL GET PAID IN AUGUST 2011 AND WHO AND WHAT WON’T GET PAID IN AUGUST 2011.
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WE SPOKE TO TWO PEOPLE IN WASHINGTON AND THE TREASURY DEPARTMENT, WHO ARE VERY FAMILAR WITH THE MATTER AND THEY SAID GOVERNMENT BONDS WILL BE PAID TO KEEP THE UNITED STATES OF AMERICA FROM DEFAULTING.
THIS PAYMENT TO GOVERNMENT BONDHOLDERS KEEPS THE CREDIT RATING FOR AMERICA IN TAKE.
THE GAP BETWEEN SPENDING AND REVENUE IS PROJECTED TO BE $130 BILLION IN AUGUST 2011. GOVERMENT BOND HOLDERS ARE OWED $29 BILLION IN AUGUST 2011. SO THEY WILL GET PAID IN AUGUST 2011.
THAT LEAVES *******$101 BILLION IN CUTS *********TO OTHERS OWED GOVERNMENT CHECKS IN AUGUST INCLUDING RECIPIENTS OF SOCIAL SECURITY, MILITARY PENSIONS, CONTRACTORS TO THE FEDERAL GOVERNMENT AND FEDERAL EMPLOYEES.
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IF YOU NOTICE IN THE ABOVE PARAGRAPH I USED THE WORDS *****$101 BILLION IN CUTS.*********** THIS MIGHT MEAN AT THE TREASURY DEPARTMENT THAT THOSE WHO DO GET SOCIAL SECURITY MIGHT NOT GET THE ENTIRE AMOUNT IF ANY AT ALL. THIS GOES FOR THE MILITARY PENSIONS AS WELL.
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THERE ARE TWO PLANS TO SAVE SOCIAL SECURITY FOR THE MONTH OF AUGUST.
FIRST, LETS LOOK A REPUBLICAN AND GOP SPEAKER OF THE HOUSE, JOHN BOEHNER PLAN.
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The Boehner plan draws on the House GOP-passed measure that was rejected by Senate Democrats and faced a veto threat from Obama.
It would cut $1.2 trillion from the budget and cap discretionary spending, while establishing a congressional committee that would recommend as much as $1.8 trillion in future cuts to be voted on by Congress. The proposal also would require the House and Senate to vote later this year on a balanced-budget amendment to the Constitution that would be sent to the states for ratification, a measure that is unlikely to pass.
If approved, the GOP proposal would allow a vote to raise the debt limit by about $1 trillion now, which would cover the nation’s bills for about eight months. A second debt-ceiling vote would be taken after the new committee recommends future cuts.
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President Obama doesn’t like this plan because it means the President would have to focus on tw things in 2012, one his re-election bid, and back to the drawing board in 2012 to save Social Security, military pensions and federal employees jobs.
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The Boehner proposal borrows from an earlier proposal offered by Sen. Mitch McConnell of Kentucky, the Republican leader, by allowing Congress to reject the president’s debt-ceiling increase –an approach that puts the responsibility for the higher debt limit on the president. That plan was roundly rejected by House Republicans, but is likely to gain favor if the spending cuts are attached, as Boehner is proposing.
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The White House (Pres. Obama) has staunchly refused the two-step process, saying the nation cannot risk the fiscal turmoil of another congressional debate over raising the debt ceiling, especially as the 2012 election season approaches.
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U.S. Democratic Senator Harry Reid’s plan contains dollar-for-dollar spending cuts to debt increase, cutting $2.7 trillion ( welfare, AFDC, meedicare and etc) over a decade.
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WITH SENATOR HARRY REID’S PLAN PRESIDENT OBAMA CAN FOCUS ON JUST BEING RE-ELECTION IN 2012 AND NOT BOTH RE-ELECTION AND THE DEFICT/SOCIAL SECURITY MESS IN 2012.
BUT THE PRESIDENT AND DEMOCRATS IN BOTH THE SENATE AND THE HOUSE OF REPRESENATIVES MUST ACCEPT THE REPUBLICAN PLAN, BECAUSE COME AUGUST 2, 2001 IS THERE IS NO PLAN THE TREASURY DEPARTMENT STARTS PAYING BOND HOLDERS AS MENTIONED ABOVE TO AVOID DEFAULT.
WHAT EXASCTLY WOULD IT MEAN FOR AMERICA TO DEFAULT.
LET ME GIVE YOU A PERSONAL EXAMPLE: LETS SAY YOU HAVE A FICO/CREDIT RATING SCORE OF 800 (A DAMM GOOD SCORE), BUT FOR THREE MONTHS YOU DEFAULT ON PAYING YOUR CREDIT CARDS, OR YOU’RE LATE PAYING THEM, ALONG WITH YOUR MORTGAGE, THIS WILL SEND YOUR 800 FICO SCORE DOWN SIGNIFICANTLY AND PERHAPS BETWEEN 700 OR 600. WHICH MEANS BORROWWERS ARE GOING TO NOT WANT TO TAKE A CHANCE ON GIVING YOU CREDIT.
SO IT IS WITH AMERICA, BY PAYING THE BONDHOLDERS IN AUGUST 2011 THIS SAVES AMERICA’S CREDIT RATING AND KEEPS THIS COUNTRY’S DOLLAR THE NUMBER ONE DOLLAR IN THE WORLD. BUT TO DO THIS, IF MEMBERS CONGRESS (BOTH HOUSES) DON’T AGREE TO RAISE THE DEBT CEILING (BORROWING POWER), THE TREASURY DEPARTMENT AND IS SET COME AUGUST 1, 2011 TO START MAKING CUTS TO SOCIAL SECURITY, AFDC, WEFARE, MILITARY PENSIONS, AID TO STATES, AID TO COUNTIES, AID TO CITIES, AID TO OTHER COUNTRIES.
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IF THIS HAPPENS WHAT IT MEANS FOR THE MONTH OF AUGUST IS 70 MILLION PEOPLE ON SOCIAL SECURITY WON’T GET THEIR SSDI/SOCIAL SECURITY RETIREMENT CHECKS, NO MILITARY PENSION WILL BE PAID, NO AFDC, ETC, ETC. YOU CAN EXPECT PERHAPS THAT A CIVIL UPRISING WITHIN THIS COUNTRY WILL TAKE PLACE ALL OVER AMERICA.
LET ME GIVE YOU A TRUE EXAMPLE. JUST AFTER THE PRESIDENT’S LAST NATIONALLY TELEVISED BROADCAST IN JULY 2011, SEVERAL MEMBERS OF BOTH THE U.S. SENATE AND THE HOUSE OF REPRESENTATIVES, RECEIVED SO MANY EMAILS FROM CONSTITUENTS, THE THEIR WEBSITES COMPLETELY CRASHED.
MILLIONS OF PEOPLE STARTED EMAIL THEIR U.S. SENATORS AND THEIR U.S HOUSE REPRESENATIVES WHICH CAUSED THEIR WEBSITES TO CRASH.
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NOW LETS TALK ABOUT BANKS AND DEBIT CARD COMPANIES AND SOCIAL SECURITY. WHEN YOU HAVE AN AUTOMATIC DEPOST OF SOCAIL SECURITY, YOUR BANK GET THE AUTHORIZATION FROM SOCIAL SECURITY SEVERAL DAYS IN ADVANCE. SO WHETHER YOUR SOCAIL SECURITY CHECK DATE IS THE FIRST, SECOND OR THIRD OF THE MONTH, YOUR BANK/DEBIT CARD COMPANY WILL GET AUTHORIZATION BEFORE THE ACTUAL SOCAIL SECURITY DATE. SO WHAT HAPPENS IS THAT YOUR BANK/DEBIT CARD COMPANY ADVANCES YOU YOUR SSDI/SOCIAL SECURITY RETIREMENT MONIES BEFORE THE ACUTAL DATE THAT YOU SHOULD GET YOUR MONEY.
SOCAIL SECURITY IS GOING COMPLETLY PAPERLESS AND THIS MEANS THAT EVENTUALLY ALL PEOPLE GET ANY KIND OF SOCAIL SECURITY WILL GET A DEBIT CARD THROUGH ONE OF THE SOCIAL SECURITY CONTRACTING DEBIT CARD COMPANIES OR YOU CAN USE YOUR OWN BANK DEPOSIT CARD. VERY FEW PEOPLE, IF ANY AT ALL STILL GET A PRINTED SOCIAL SECURITY CHECK.
SO IF YOU HEAR PEOLE SAYING WELL “I GOT MY SOCIAL SECURITY MONEY,” THEY ARE EITHER TALKING ABOUT THE SSI WHICH COMES FROM THE STATE AND NOT THE FEDRAL GOVERNMENT OR THEY ARE TALKING ABOUT THE BANK/DEBIT CARD COMPANY GIVING THEM AN ADVANCE ON THEIR SOCIAL SECURITY, PRIOR TO THE DATE.
WE SPOKE TO THE U.S. TREASURY DEPARTMENT ( 512-342-7300) AND THEY SAID IF BANKS ARE DOING THIS THEY ARE NOT ALLOWED TO PROVIDE YOUR SOCAIL SECURITY MONIES UNTIL YOUR ACTUAL SOCIAL SECUIRTY PICK UP DATE.
BUT LETS FACE IT WE DON’T KNOW OF ANY PERSON IN AMERICA RECEIVING SOCIAL SECURITY DISABILIT OR RETIREMENT THAT WOULD CALL THE TREASURY DEPARTMENT (DISPERSES FEDERAL MONIES) AND COMPLAIN THAT THEIR BANK OR DEBIT CARD COMPANY IS DEPOSITING THEIR SOCIAL SECURITY MONIES TOO EARLY.
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IN CLOSING WE WANT YOU AMERICANS TO KNOW THAT THE HOLD UP AND PROBLEM IN GETTING YOU YOUR SOCIAL SECURITY MONIES, VETERANS PENSION CHECKS, SAVING FEDERAL EMPLOYEES JOBS, TAKING AWAY AFDC, WELFARE, STATE, COUNTY AND FEDERAL CUTS, IS PRESIDENT OBAMA.
AGAIN THE PRESIDENT (OBAMA) DOESN’T LIKE THE REPUBLICANS PROPOSAL TO SAVE SOCIAL SECURITY (SEE BOEHMER PLAN ABOVE) BECAUSE THE PLAN REQUIRES PRESIDENT OBAMA TO HAVE TO CONTIUE TO WORK ON RESTRUCTING THE DEBT CEILING IN 2012, THE YEAR PRESIDENT OBAMA WANT’S TO FOCUS 100% ON BEING RE-ELECTED.
IN OTHER WORDS THE PRESIDENT’S RE-ELECTION IS MORE IMPORTANT THAN SAVING SOCIAL SECURITY AND OTHER CUTS MENTIONED ABOVE.
WE SUGGEST THQAT YOU IMMEDIATELY AFTER READING THIS POST CALL THE WIHITE HOUSE (SEE NUMBER BELOW) AND TELL THE PRESIDENT TO CUT ANY DEAL HE CAN, THIS IS NOT ABOUT RE-ELECTION IT’S ABNOUT THE AMERICAN PEOLE.
President Obama & Vice President Joe Biden @ The White Phone (Numbers):
Comments: 202-456-1111
Switchboard: 202-456-1414
FAX: 202-456-2461
