CBS News posted a story today with the headline, "Obama says he cannot guarantee Social Security checks will go out on August 3." He is, of course, talking about what will happen if the Democrats and Republicans do not reach agreement on raising the debt ceiling.
Some thoughts--you mean Social Security checks are paid out of the deficit? What happens to all the money collected in taxes for Social Security? Isn't there more money being paid in every week when people get paid? So how could the debt ceiling be a problem for Social Security?
The article reports:
"Mr. Obama told Pelley (CBS Evening News anchor Scott Pelley) "this is not just a matter of Social Security checks. These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out.""
The word I would use to describe that statement I am not willing to write on my blog. This is an outright lie and it is blackmail. If the Republicans do not stand up to this, not only are they stupid, there will be a third political party. Any American who is paying any attention at all to what is going on in Washington should be deeply offended by this statement.
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