These types of scare tactics are just stupid. It shows exactly what obama and his gang of thugs are made of. Let's just scare the shit out of people so we can force more bad decisions on them. It's pretty much the standard operating procedure. Sadly, it has worked several times already.
But this highlights another item of contention, if the government hadn't been robbing the social security lock box for decades, this wouldn't be an issue.
It doesn't matter if the debt ceiling is raised or not, people eligible for social security will get their checks.
It is very scary sounding though. It's sure to get attention. But when will people wise up and see this lying thug for what he really is?
President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks.
"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue. Because there may simply not be the money in the coffers to do it," Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News.
The Obama administration and many economists have warned of economic catastrophe if the United States does not raise the amount it is legally allowed to borrow by August 2.
Lawmakers from both parties want to use the threat of that deadline to work out a broader package on long-term deficit reduction, with Republicans looking to cut trillions of dollars in federal spending, while Democrats are pushing for a more "balanced approach," which would include both spending cuts and increased revenue through taxes.
Read the rest at the link above...
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