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"The Democrats Are Suffering Through a Drought of Generational Talent" 7 Tactics Of The Enemy To Weaken Your Faith Strange And Biblical Events Are Happening Status: Not Logged In; Sign In United States News See other United States News Articles Title: If No Deal By Aug. 2, Obama Can't Guarantee Social Security Checks Will Go Out Source: MSNBC URL Source: http://firstread.msnbc.msn.com/_new ... al-security-checks-will-go-out Published: Jul 12, 2011 Author: Scott Foster Post Date: 2011-07-12 13:52:23 by Brian S Keywords: None Views: 15600 Comments: 37 In an interview with CBS Evening News, President Obama says he can't guarantee Social Security checks will go out Aug. 3rd if a debt-ceiling deal is not reached by the Aug. 2nd deadline. The following clip was posted on the cbs news website, more of the interview expected to air tonight: Scott Pelley: Can you tell the folks at home no matter what happens that Social Security checks are going to go out on August the 3rd? There are about 20 billion dollars of Social Security checks that have to go out the day after the government is supposed to go into default. Obama: Well this is not just a matter of Social Security checks, these are veterans checks, these are folks on disability, their checks. There are about 70 million checks that go out -- Scott Pelley: Can you guarantee as President those checks will go out on August the 3rd? Obama: I can not guarantee 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. Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 27. #21. To: Brian S (#0) The government is expected to collect $179 billion in revenue in August. Interest on the debt, Social Security, Medicare, and salaries for the troops add up to $143 billion. That's leaves $36 billion left for August. $36 billion is a lot of money. The remaining things will have to be prioritized to fit into the $36 billion. It's just that simple. jwpegler  posted on  2011-07-13   11:15:40 ET  Reply   Untrace   Trace   Private Reply   #23. To: jwpegler (#21) Interest on the debt, Social Security, Medicare, and salaries for the troops add up to $143 billion. Salaries for the troops might also be late. We could only hope since they've already got room and board. mininggold  posted on  2011-07-13   11:18:15 ET  Reply   Untrace   Trace   Private Reply   #24. To: mininggold (#23) (Edited) Salaries for the troops might also be late. You're not listening again, as usual. I just told you that we can still pay the interest on the debt, Social Security, Medicare, and salaries for the troops in August and have $36 billion left over to pay for other things. This is an old Democrat tactic to scare people by focusing cuts in areas that really hurt instead of areas that almost no one will miss. It's used at the local level all of the time, e.g. "if you don't raise taxes, we'll have to lay off police and firemen". The GOP should immediately pass a law which states that if the debt ceiling isn't raised, the White House must prioritize paying the interest on the debt, Social Security, Medicare, and military salaries. The cuts have to come from somewhere else. That would take the teeth out of the Democrat fear mongering. jwpegler  posted on  2011-07-13   11:24:24 ET  Reply   Untrace   Trace   Private Reply   #26. To: jwpegler (#24) "if you don't raise taxes, we'll have to lay off police and firemen". and they do. It's not just a threat. lucysmom  posted on  2011-07-13   11:33:24 ET  Reply   Untrace   Trace   Private Reply   #27. To: lucysmom (#26) and they do. Because they are corrupt. jwpegler  posted on  2011-07-13   11:36:30 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 27. #29. To: jwpegler (#27) Because they are corrupt. More of your 'accurate' analysis I see. How do you expect anyone here to ever take you seriously? Even a public school teacher would have to supply some basis for that flat out wrong statement. mininggold  posted on  2011-07-13 11:46:36 ET  Reply   Untrace   Trace   Private Reply   #31. To: jwpegler (#27) Because they are corrupt. After Arnold was elected governor, he brought Jeb Bush's Florida budget analyst on board to root out waste in the budget. Cost a lot of money and that's about all. lucysmom  posted on  2011-07-13 11:51:34 ET  Reply   Untrace   Trace   Private Reply   End Trace Mode for Comment # 27. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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