Social Security to start cashing Uncle Sam's IOUs

[glatt]

increasing the debt limit.

The Dems aren't exactly correct that things are OK now. The debt limit needs to go up, or apparently the shit really hits the fan.

[Happy Monkey]

Originally Posted by classicman

What is there to hold hostage if there is no problem as the D's are saying?

Originally Posted by glatt

increasing the debt limit.

Or anything else that needs to pass. The budget, military appropriations, whatever.

The Dems aren't exactly correct that things are OK now. The debt limit needs to go up, or apparently the shit really hits the fan.

It isn't the Democrats saying everything's OK. This is the CBO saying that if the Bush tax cuts expire, and we allow the Medicare payments to doctors to drop to their statutory level, rather than the annual delay of that drop, then the deficit is fine.

The reason The Dems aren't saying everything is fine is because the chances of Congress doing nothing on those issues is low. Republicans won't let the Bush tax cuts expire, and Democrats won't let the docter fixes expire.