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Hitting the debt limit: What bills would be paid?

WASHINGTON (AP) — In the summer of 2011, when a debt crisis like the current one loomed, President Barack Obama warned Republicans that older Americans might not get their Social Security checks unless there was a deal to raise the nation's borrowing limit.

After weeks of brinkmanship, Republicans consented and Obama agreed to a deficit-reduction plan the GOP wanted. Crisis averted, for a time.

Now that there's a fresh showdown, the possibility of Social Security cuts —and more — is back on the table.


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Obama is speaking now - says Social Security payments,

military paychecks, small business contract payments would not be paid. He's not holding back on the threats.

"When the power of love overcomes the love of power, the world will know Peace." - Jimi Hendrix

Any mention of his paycheck, or those of his friends in gov't?

Congress perks and pensions? Anything?

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. But no price is too high to pay for the privilege of owning yourself.
Friedrich Nietzsche

Why not go like Clinton and

Why not go like Clinton and raid SS to pay off deficit?

Then the argument would go something like this:

"If Republicans do not approve the spending bill, then some seniors may not be able to receive SS...
{Carney hands Obama a note}
...Wait, I am now informed that we have already raided SS to pay for the deficit and other entitlements. False alarm folks"

Southern Agrarian