hypocritexposer
Well-known member
"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it,"
http://www.cbsnews.com/8301-503544_162-20078789-503544.html
...but the revenues coming in are enough to cover SS....
"Thus, the new tax revenue of $296.176 billion the federal government took in between May 16 and July 7 was enough to pay the federal government’s $14.632 billion in interest obligations during that period 20 times over.
Also during that same period, the federal government’s combined expenditures for interest payments on the national debt, Medicare, Medicaid, Social Security, the Veterans Affairs department and federal workers wages and insurance benefits equaled $270.151 billion.
http://www.cnsnews.com/news/article/federal-tax-revenues-have-exceeded-inter
http://www.cbsnews.com/8301-503544_162-20078789-503544.html
...but the revenues coming in are enough to cover SS....
"Thus, the new tax revenue of $296.176 billion the federal government took in between May 16 and July 7 was enough to pay the federal government’s $14.632 billion in interest obligations during that period 20 times over.
Also during that same period, the federal government’s combined expenditures for interest payments on the national debt, Medicare, Medicaid, Social Security, the Veterans Affairs department and federal workers wages and insurance benefits equaled $270.151 billion.
http://www.cnsnews.com/news/article/federal-tax-revenues-have-exceeded-inter