Hitting the debt limit: What bills would be paid? | General Headlines | Comcast Now that there's a fresh showdown, the possibility of Social Security cuts _and more is back on the table. The government could run out of cash to pay all its bills in full as early as Feb. 15, according to one authoritative estimate, and congressional Republicans want significant spending cuts in exchange for raising the borrowing limit. Obama, forced to negotiate an increase in 2011, has pledged not to negotiate again. Without an agreement, every option facing his administration would be unprecedented. It would require a degree of financial creativity that could test the law, perhaps even the Constitution. It could shortchange Social Security recipients and other people, including veteran and the poor, who rely on government programs. Spend and Borrow,Spend and Borrow - Threats and more threats- We have a Government out of control,makes you wonder when the American people will have had enough .What will be the breaking point ?