If Debt Is The Enemy Then There ARE Traitors Among Us
Hmmm...IF debt is a bad as Obama says it is- and it IS- then WHY does he, the Libs- DNC & R.I.N.O., & MSM-want MORE debt?!!
SALVATO: IF DEBT IS THE ENEMY THEN THERE ARE TRAITORS AMONG US
By Frank Salvato July 22, 2011 5:25 am
The so-called “debt ceiling default crisis” continues to loom, with enough Progressive-Leftist demagoguery in the air to choke a horse, or, in this case, kill an economy. I roll my eyes at the term “debt ceiling default crisis” because the honest man – an increasingly rare species in federal government – understands that there can only be a crisis should President Obama choose to create one. That said, Republicans, TEA Partiers and Conservatives are in danger of doing the right thing in refusing to enable more debt, but losing the public relations war to what amounts to the traitors among us due to chronic messaging impotency.According to the Daily Treasury Statements, approximately sixty percent of every dollar gleaned by the US government comes to it in the form of revenue generated by taxes. This amounts to roughly $200 billion a month. Given that the debt interest due per month is approximately $29 billion, even a third grader from an under-achieving inner-city Atlanta public school can deduce that there is absolutely no possibility of the United States defaulting on its debt interest payments. The “debt ceiling default crisis” is not so much; it is a ruse, a canard, a fallacy...it is a lie.
Doing some simple math – again, at a level understood by an Atlanta public school third grader – we subtract $29 billion from $200 billion to find that we have $171 billion a month left over with which to pay off other debts, liabilities and operational costs incurred by the federal government.
Now, according to the Bipartisan Policy Center, during any given month, Social Security outlays equal approximately $49.2 billion, and Medicare and Medicaid payments total about $50 billion. Subtracted from the $171 billion remaining after payment on debt interest, that leaves the federal government, each month, with $71.8 billion left to spend.
So, if the government employs a prioritized debt payment schedule – which, pathetically and due completely to political opportunism, they do not – there should be absolutely no chance of the federal government defaulting on debt interest payments, Social Security payments or Medicare and Medicaid payments. With this understood we can safely declare that a fiscally responsible administration would have no reason – other than political gain – to deny seniors and Social Security recipients their payments.
Now, what can be done with the remaining $71.8 billion that the government gleans each month from tax revenue alone (remember, this does not include money they insist they have to borrow)?
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