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Politics : Liberalism: Do You Agree We've Had Enough of It? -- Ignore unavailable to you. Want to Upgrade?


To: TimF who wrote (109167)7/29/2011 10:29:15 PM
From: Kenneth E. Phillipps  Read Replies (2) | Respond to of 224759
 
The validity of the public debt of the United States, authorized by law,...shall not be questioned



To: TimF who wrote (109167)7/29/2011 10:50:51 PM
From: MJ3 Recommendations  Respond to of 224759
 
Excellent points you made ------the Clause in item 1 is very clear.

It is proper English and states clearly the types of pensions and bounties as being derived from 'services for suppressing insurrection or rebellion.'

As you wrote-------

"If your trying to twist "including debt incurred for payment of pensions" in to "the government is constitutionally required to pay for Social Security, and thus the debt limit is invalid", that's false for several reasons.

1 - The clause is "including debts incurred for payment of pensions and bounties for services in suppressing insurrection or rebellion". Social Security is not in payment for suppressing insurrection or rebellion.

2 - Social Security isn't a debt. The money was not borrowed from them (their tax payments where tax payments, just like your income tax payments), and they have no contractual rights to receive benefits.

3 - The government can pay Social Security, and debt service, without raising the debt ceiling."

(underlining added for emphasis - mj)



To: TimF who wrote (109167)7/29/2011 11:29:46 PM
From: Paul V.  Read Replies (1) | Respond to of 224759
 
TimF. the following Wall Street Journal site, Interactive Graphics, Boehner Bill SqueaksThrough is very revealing:

online.wsj.com

What are the threaders reaction to the Charting the Debt Debate?