Obama ‘cannot guarantee’ benefits checks will be paid if debt deal isn’t reached

[Billybob]

President Obama warned Tuesday that retirees might not receive their Social Security checks next month if lawmakers fail to reach an agreement on how to reduce the federal debt.

"I cannot guarantee that those checks go out on Aug. 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Obama told CBS's Scott Pelley in an interview set to air tonight on the CBS Evening News.


http://news.yahoo.com/blogs/ticket/...kwOGY2BHBzdGNhdAN1cwRwdANzdG9yeXBhZ2U-;_ylv=3

 

[Biggsly]

I thought SS was in a trust. I thought I remember Obama telling us that, and that it was safe. I wonder if he was lying then or lying now. I am sure that this news will send the libs into panic. We MUST borrow more money to keep Obama's stash full. How are we ever going to get out of debt if you do not borrow more money to pay our debt?

 

[OKIE-CARBINE]

I thought SS was in a trust. I thought I remember Obama telling us that, and that it was safe. I wonder if he was lying then or lying now. I am sure that this news will send the libs into panic. We MUST borrow more money to keep Obama's stash full. How are we ever going to get out of debt if you do not borrow more money to pay our debt?

probably both.

 

[KOPBET]

How about we withhold HIS check?

 

[Billybob]

I thought SS was in a trust. I thought I remember Obama telling us that, and that it was safe. I wonder if he was lying then or lying now. I am sure that this news will send the libs into panic. We MUST borrow more money to keep Obama's stash full. How are we ever going to get out of debt if you do not borrow more money to pay our debt?

Is there a SS "trust fund"?

http://www.devvy.com/200301191719.html

As for the "panic", isn't that how they passed the stimulus bill, (that would fix everything) to begin with?

http://www.youtube.com/watch?v=HaG9d_4zij8

 

[Phat Mike]

I think we should not pay the money to Congress and other that leach off the American people! like countries getting aid from the US and then telling the US to fly a broken kite! but what do I know I'm just a poor back woods person

 

[kgoodrich]

SS is a trust fund and was set up as a trust fund so it could not be used by anyone or any org except for those people on SS. He is lying now but then again he is always up to something. My guess hes trying to pull a rabbit out of a hat to stir every one up so they forget about faf scandle which he knows hes incriminated him self and facts are coming out about him aproving it when he said he had no idea about it. Its a slight of hand trick!

 

[SoonerStatePawn]

Scare Tactics! That's all it is.

 

[Billybob]

Here is what a recent Washington Post report had to say:

Often ignored in the debate is the inevitable effect that the huge increase in payouts to retiring Boomers will have on the federal budget. That s because, in some ways, the Social Security Trust Fund is a fiction.
http://www.washingtonpost.com/wp-srv/politics/special/security/security.htm

 

[Billybob]

Scare Tactics! That's all it is.

Yes, but it often works.