Senator John Thune: Top Senate Republican threatens to tank the economy if he can't cut Social Security

[pknopp]

/----/ Well, yeah. We all agree on that. But Trump couldn't stop it, at least he was trying to keep the money here in the US.

He didn't have to sign anything. What's the point of being president if you can do nothing?

 

[Clipper]

Funny, you don't seem to like me, and you call me that, yet you clearly are someone that likes prolific amounts of cock in your ass.

The inflation of our currency is driven by the ridiculous amounts spending by our government, as asked for by this dementia-addled President's handlers and the rubber stamps of the socialist party in Congress.

Thankfully they no longer hold the house but the damage has already been done.

Where were you when Trump ran huge defecits & gave tax cuts to his cronies at the same time? Nowhere to be found.

 

[Cellblock2429]

It's so entertaining when Repubs pretend to be fiscally conservative.............cuz a Dem is in the WH.

/---/ Once again, you confuse tax and spend RINOs who go along with democRATs with Fiscal responsible Conservatives.

 

[Cellblock2429]

He didn't have to sign anything. What's the point of being president if you can do nothing?

/----/ Yeah, and who suffers from the shut downs? We you cheering Trump on for not signing or trashing him like every democRAT and MSM talking head?

 

[BluesLegend]

Senate Minority Whip John Thune said Republicans want to hold the country's credit hostage if they can't cut Social Security benefits.

Sen. John Thune of South Dakota, the No. 2 Republican in the U.S. Senate, said on Tuesday that the GOP plans to use the debt ceiling as leverage to make cuts to Social Security and other social safety net programs.

Holy shit I agree with Lakhota on something. Those fuckers in congress RAIDED Social Security multiple times, took trillions of OUR SS contributions and spent it on other stupid shit. Now congress doesn't have the money to pay back OUR money so they scheme to fuck us over on our paid for SS benefits. FU congress!

A show of hands, who wants to be standing on the factory floor 8 hours working a shift at age 70? THAT'S how disconnected from the working class these idiots in congress are. Thune, pull your head out of your ass you stupid fuck!

 

[pknopp]

/----/ Yeah, and who suffers from the shut downs? We you cheering Trump on for not signing or trashing him like every democRAT and MSM talking head?

Go back and look. When he threatened to shut things down, I said I hoped he would.

 

[Lesh]

/----/ I saw a lot about the debt ceiling and reining in runaway spending, but nothing on cutting social security in that article. He did suggest raising the age to 70, but that's about it.

That’s no little deal

 

[Cellblock2429]

$7.8 trillion in debt under Trump.

/----/ $7.8 Trillion looks pretty darn good compared to Brain Dead Joe.

• The U.S. national debt was more than $31.12 trillion in October 2022.
• 2021 $29,617 trillion in debt.

US National Debt by Year

The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.

www.thebalancemoney.com

 

[Care4all]

Joe Potatohead is tanking the economy all by himself. He is doing an excellent job of screwing this country and does not need help from anybody.

The economy has been on fire, and the fed has been raising interest rates to slow the hot economy down for months now, so to get inflation rates to go down....

 

[whitehall]

"Tank the economy"? Old Brandon is doing a good job of that without any help. The inconvenient truth is that republicans want to get a handle on programs and spending while admitted "progressive" blogs spin it to threats of cuts in Social Security. That's the way the system works when democrats have nothing to offer except threats.

 

[sparky]

What do you think?

we need another insurrection

~S~

 

[pknopp]

/----/ $7.8 Trillion looks pretty darn good compared to Brain Dead Joe.

• The U.S. national debt was more than $31.12 trillion in October 2022.
• 2021 $29,617 trillion in debt.

US National Debt by Year

The U.S. national debt was over $31 trillion in 2022. In 1930, it was just $16 billion. The biggest impacts have been defense spending, recessions, and recently, the pandemic.

www.thebalancemoney.com

You can't complain about what the next guy does when you don't complain about your guy doing it.

 

[sparky]

The economy has been on fire

with one foot on some stimulus , and the other in 1929.......~S~

 

[2aguy]

The article and the OP are, to put it simply, lies. Period. Lies. No other word for it.

Neither this Senator nor any other Senator has suggested cutting SS benefits.

Is Lahkota a liar, or just stupid?

It is a puzzle.

If anyone wants to refute the above, please provide a QUOTATION of any Republican senator suggesting a cut to SS benefits.

I won't hold my breath.

Both, a liar and stupid....

 

[Lesh]

Both, a liar and stupid....

Raising the age for which you can collect SS from 66 to 70 most DEFINITELY is cutting benefits

 

[22lcidw]

Raising the age for which you can collect SS from 66 to 70 most DEFINITELY is cutting benefits

And that is why euthanasia will happen.

 

[2aguy]

Raising the age for which you can collect SS from 66 to 70 most DEFINITELY is cutting benefits

Nope.....it is caused by Social Security being a panzi scheme and having no money to pay benefits........it is necessary to save somehting for those already collecting it........

 

[Lakhota]

Nope.....it is caused by Social Security being a panzi scheme and having no money to pay benefits........it is necessary to save somehting for those already collecting it........

What about all the others in your so-called Ponzi scheme - including many foreign countries?

Which agencies own the most Treasury notes, bills, and bonds? Social Security, by a long shot. The U.S. Treasury publishes this information in its monthly Treasury statement.

Social Security trusts, including the Federal Old-Age and Survivors Insurance and Federal Disability Insurance Trust Funds, held $2.75 trillion in Treasurys as of August 2022. The next largest agency was the Military Retirement Fund at $1.18 trillion. Other large holders of debt include the Office of Personnel Management Retirement, Medicare (which includes the Federal Supplementary Medical Insurance Trust Fund), then cash on hand to fund federal government operations.

The public holds over $24.29 trillion of the national debt.1 Foreign governments hold a large portion of the public debt, while the rest is owned by U.S. banks and investors, the Federal Reserve, state and local governments, mutual funds, pensions funds, insurance companies, and holders of savings bonds.

The Treasury breaks down who holds how much of the public debt in a quarterly Treasury bulletin. Foreign and international investors held over $7.6 trillion, according to its September 2022 bulletin, which included data through March 2022. State and local governments held $1.45 trillion and mutual funds had $3.26 trillion.3

Other holders of the public debt include insurance companies, U.S. savings bonds, private pension funds, and other holders, including individuals, government-sponsored enterprises, brokers and dealers, banks, bank personal trusts and estates, corporate and non-corporate businesses, and other investors.

The Bottom Line

The U.S. national debt is the sum of public debt that is held by other countries, the Federal Reserve, mutual funds, and other entities and individuals, as well as intragovernmental holdings held by Social Security, Military Retirement Fund, Medicare, and other retirement funds.

Many people believe that much of the U.S. national debt is owed to foreign countries like China and Japan, but the truth is that most of it is owed to Social Security and pension funds right here in the U.S. This means that U.S. citizens own most of the national debt.

Who Owns the US National Debt?

The majority of the U.S. national debt is owned by Social Security, the Federal Reserve, and foreign investors. Learn how that impacts the economy and you.

www.thebalancemoney.com

 

[Cellblock2429]

You can't complain about what the next guy does when you don't complain about your guy doing it.

/——-/ Congreve spends the money- not the president.DUHHHH

 

[Thinker101]

Dang, tank the economy worse than it is now, that's hard to believe.