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.... If interim or full-year appropriations are not enacted into law, the time interval when agency appropriations are not enacted is referred to as a “funding gap.”5 A funding gap also may occur any time a CR expires and another CR (or regular appropriations bill) is not enacted immediately thereafter. When a funding gap occurs, the federal government begins a “shutdown” of the affected activities, including the furlough of non-emergency personnel and curtailment of agency activities and services. Programs that are funded by laws other than annual appropriations acts (e.g., entitlements like Social Security) also may be affected by a funding gap, if program execution relies on activities that receive annually appropriated funding.....
TABLE FD-3
Airport and Airway Trust Fund ........................... 7,045
Deposit Insurance Fund .....................................37,441
Employees Life Insurance Fund ......................... 37,605
Exchange Stabili-zation Fund ............................ 20,436
Federal Disability Insurance Trust Fund...... 187,222 down from 207,932
Federal employees retirement funds................. 785,988
Federal Hospital Insurance Trust Fund ............ 279,475
Federal Housing Administration ......................... 4,194
Fed.Old-Age & Survivors Ins. Trust Fund... 2,399,111
Fed. Savings & Loan Corp., Resolution Fund.......... 3,388
Fed. Supplementary Medical Ins. Trust Fund........ 70,982
Highway Trust Fund ......................................... 24,455
National Service Life Insurance Fund .................... 8,161
Postal Service Fund ............................................ 1,142
Railroad Retirement Account .................................. 506
Unemployment Trust Fund ................................. 18,703
Other ............................................................. 759,426
(reorganized to fit vertical instead of horizontal cv)
www.fms.treas.gov...
Shifting Support for Democratic Party among American Elderly
....2012 Battlefield
Overall, the results of this survey indicate that the traditional base of support among older voters that Democrats have relied upon since the partisan realignment following the New Deal continues to weaken. While older voters continue to vote in high percentages, compared to younger cohorts, clear support for the Democratic Party is confined largely to African Americans. While older Hispanics generally favored the Democratic Party, they showed substantial willingness to vote for Republican Senatorial candidates in the 2010 midterm election. Further, the traditional Democratic support among older Caucasians continues to decline, particularly among older Caucasians living in the South. If these trends continue, the 2012 presidential election will require the Democratic Party to continue to bring young, and often unreliable, voters to the polls. Further, the Democratic Party must continue to make inroads into the growing Latino/Hispanic population. If the GOP is able to maintain its grip on older voters in the South, that tend to not only vote at high rates, but are also overwhelmingly conservative, Republican and willing to support GOP candidates the Democratic presidential campaign strategy will be forced to continue building winning coalitions without the assistance of most of the southern states. With growing populations and over one-third of the Electoral College votes needed to win the Electoral College, losing support among the elderly is an important trend that scholars must continue to monitor....
Originally posted by crimvelvet
Is Obama playing NASTY mind games with the elderly in retaliation for leaving the Democratic Party???
Scare tactics, for shame. The media has a hey day with this type of news...
Its always great for the headlines....
This might put pressure on those who get SS checks to cave to the Dems agenda.
...Tea Party members are predominantly white, middle class, educated, Christian males over the age of 45... Tea Party members seem to feel that their situations are going to get worse. This “fear of falling” has driven them to become politically engaged as voters and politically knowledgeable.
...Tea Party Members report voting in record numbers during the 2010 mid-term elections...
...A second contributing factor may be the political knowledge demonstrated by Tea Party supporters. When asked a battery of “political sophistication” questions—factual questions about the contemporary government—Tea Party members outperformed Non-Tea Party members repeatedly...
Originally posted by crimvelvet
I think Obama may be playing with fire on this subject especially since seniors are knowledgeable, connected and have time on their hands.... AND LOTS of descendants who do NOT want Granny or Granfer coming to live with them! (Especially the Daughter-in-laws)
The reality is that with the $172 billion in tax receipts projected for August - a figure that was reported by Reuters last Thursday, mind you! - it is going to be very simple for the government to pay the majority of its bills next month including Social Security.
It is in fact a lie that seniors are at all at risk of not receiving their benefits next month, and America's media are allowing this fallacy to spread throughout the country in order to scare people into pressuring their elected officials to raise taxes.
"Here are the facts, as reported by MarketWatch and the Bipartisan Policy Center. You do the math:
Social Security and Medicare expenditures are funded by permanent appropriations and so are considered mandatory spending according to the 1997 Budget Enforcement Act (BEA). Social Security and Medicare are sometimes called "entitlements," because people meeting relevant eligibility requirements are legally entitled to benefits, although most pay taxes into these programs throughout their working lives.
Direct spending, also known as mandatory spending, refers to spending enacted by law, but not dependent on an annual or periodic appropriation bill. Most mandatory spending consists of entitlement programs such as Social Security benefits, Medicare, and Medicaid. These programs are called "entitlements" because individuals satisfying given eligibility requirements set by past legislation are entitled to Federal government benefits or services. Many other expenses, such as salaries of Federal judges, are mandatory, but account for a relatively small share of federal spending.
Since the Greenspan Commission in the early 1980s, Social Security has cumulatively collected far more in payroll taxes dedicated to the program than it has paid out to recipients--nearly $2.4 trillion by 2008. This surplus amount is commonly referred to as the "Social Security Trust Fund." In other words, the program has funded itself and then some. Claims that the program has added to the national debt directly are false; it is the spending of surplus funds dedicated to the program for other purposes that has added to the debt.
There is no legal or practical reason to delay Social Security checks or other essential payments due to the debt ceiling or a government shutdown.
Social Security checks went out despite the 1985 and 1996 debt ceiling - government shutdown. Since 1996, the Social Security Act lets Social Security payments continue when we reach the debt ceiling. The government can redeem Social Security trust fund bonds (money the general fund owes Social Security) by issuing debt to the public. Both types of Social Security bonds are under the legal debt limit, so substituting them incurs no new debt, even in the event of a government shutdown.
The president and Treasury Secretary have the authority to prioritize payments, so Social Security checks and payments to bondholders go out on schedule even during of a government shutdown.
During the last major shutdown, which lasted about a month starting in late 1995, the Social Security Administration mailed checks throughout the crisis, and a close reading of established law makes clear the agency has the legal authority to do so again.
"I am absolutely sure the checks would be sent out," said John F. Cooney, a partner at law firm Venable who designed shutdown plans for the government while employed at the Office of Management and Budget
Just my $.02.
...The sad thing is that people that only hear one side of the story through the MSM and entertainment will only believe; repubs want to cut entitlement programs and allow the millionaires and billionaires to not pay their fair share of taxes. I believe the youth are going to play a big part in next year elections.....
...53 percent of those 65 years old and older reported that their either ‘disapprove’ or ‘strongly disapprove’ of the way Barack Obama is handling his job. With over half of those 65 and over reporting disapproval of the way the president is handling his job; the Democrats have a difficult road ahead of them if they hope to recapture the presidency in 2012. Democrats will need to reach out to older voters, try to bring younger people to the polls, and attempt to reach out to an aging and largely conservative America....
....While older voters continue to vote in high percentages, compared to younger cohorts, clear support for the Democratic Party is confined largely to African Americans. While older Hispanics generally favored the Democratic Party, they showed substantial willingness to vote for Republican Senatorial candidates in the 2010 midterm election. Further, the traditional Democratic support among older Caucasians continues to decline, particularly among older Caucasians living in the South. If these trends continue, the 2012 presidential election will require the Democratic Party to continue to bring young, and often unreliable, voters to the polls. Further, the Democratic Party must continue to make inroads into the growing Latino/Hispanic population..... blairrockefellerpoll.uark.edu...
So it looks like Social Security is not an "appropriation" but a DEBT that must be paid especially since laws have ALREADY been passed governing Social Security. The only way to STOP the Social Security pay checks is to declare the government employees cutting the checks "non-emergency personnel"
Some experts like Lawrence O’Donnell says that the President was orchestrating this entire act because he had initially asked for a clean debt ceiling bill in the beginning and asking for an extra $400 billion dollars was a way to make sure that he got what he wanted. While I am not as knowledgeable as Mr. O’Donnell, I have a slightly different take on the overall situation.
The McConnell-Reid proposal was a non-starter mainly because it only amounted to just kicking the can down the road instead of doing what all in Washington was sent to do. Fix the problem. Low and behold here comes the Gang of Six and at the time they re-entered the arena, focus was in the area of a grand bargain. Their conservative agreements did not go as far as many wanted and at the time was seen as a compromise too far. It would do the very same things that the grand bargain would have done but on a smaller scale. Problems with the plan were few but the main issue was the origination of all bills having to do with revenue coming in the House of Representatives. Obama-Boehner tentative agreements were something that the Republican House of Representatives could not swallow but now that many of those same dire-hard Tea Party Patriots were having their eyes opened by Wall Street. This combined with the pressures of the real voters in their districts was enough to have some quietly saying yes to raise the debt ceiling. Presenting them with a grand bargain which would make it harder for them to sell to those dire-hard patriots at home and the proposal of the Gang of Six which would make it easier to pass in the House was the only real option available.
Now I may be wrong here, but I have concluded that most of our government is criminals, and they are greedy criminals too. I think we all suspect this, now I have said it. Thoughts?
But the entry that really sent my Democratic strategist friend ballistic was the one for Rep. Rosa DeLauro, the Connecticut Democrat. La Rosa--tied for #48 on the Richest list--gets the lion's share of her wealth from her husband--Clintonista pollster and campaign strategist Stan Greenberg. Says Roll Call, "DeLauro's primary asset is a 67-percent stake in Greenberg Quinlan Rosner Research Inc., a Washington-based firm run by her husband, Democratic pollster Stan Greenberg. Her share in the company nets the Representative $5 million to $25 million. She has a partial stake in two other polling/consulting firms. The first is Greenberg Research, of which she and her husband own 100 percent, and Sun Surveys, in which she owns a 60 percent stake. Neither of these is as lucrative as Greenberg Quinlan Rosner, however."
My bud the political warhorse snorted, "Hell, when she first ran for Congress she didn't have a dime--I was one of her biggest contributors. And Stan Greenberg, who worked for me back when he was starting out, used to have holes in his socks!" Noting that Congressional wealth is usually closer to the higher than to the lower estimates on the disclosure forms, my dour Democrat gasped, "That means they're making around $50 million! These people shouldn't be running Democratic campaigns!"
So, if you want to know why the national Democrats seem, in this campaign, to have a tin ear where touching the hearts and minds of the working stiffs is concerned, think about this: the three partners in the Democracy Corps--Greenberg, James Carville, and Kerry's chief message-shaper Bob Shrum--are all multimillionaires. And yet their counsel--proferred in an endless series of free Democracy Corps memos distributed to the party elite well before and during the presidential primaries, whose content (or lack of it) they helped shape--is taken as gospel by Democratic liberals feverish for victory. Well, as the old Texas populist Maury Maverick Jr. used to say, "a liberal is a power junkie without the power."
www.mlive.com...
....Mr Blair signed an estimated £5million deal with publishing group Random House for his much sought-after memoirs almost three years ago.
....His lucrative roles include a £2.5million-a-year consultancy job with American investment bank JP Morgan and lucrative public speaking engagements, commanding £157,000 for a 90-minute address.
He also makes at least £2 million a year from his commercial consultancy Tony Blair Associates, which advises foreign countries.