The Congress (the House actually) authorizes spending. The President (effectively) signs the checks. The Social Security checks. And yes the money is there. It is in all those certificates in the Social Security Lock Box. He could start cashing those. If you don’t get a Social Security check next month it is because the President decided you weren’t worth the money. Or he wants you screaming at him.
I propose you start the screaming early.
Cross Posted at Power and Control
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3 responses to “How The Government Works”
The certificates in the lock box are T-Bills that cannot be sold on the open market. They can only be redeemed by the US Treasury. But the Treasury can only redeem them if it can itself borrow on the open market.
bob,
You mean the politicians were lying to us? Dang.
“How The Government Works.”
I have read a lot of humorous headlines today but this one has absolutely fractured my funny bone. “Government Works”
Government…
Works.
That is hilarious.