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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: 15100 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 #1. To: Brian S (#0) 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. If these checks don't go out, how many people and business won't get paid? Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom  posted on  2011-07-12   14:03:07 ET  Reply   Trace   Private Reply   #2. To: Brian S (#0) 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. LOL! Your leader is a total failure! He has so little leadership ability he has to frighten the old people to get them to pressure their congresscreatures. What a pathetic DEMOCRAT loser Hussein Soetoro turned out to be. war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore. Rudgear  posted on  2011-07-12   14:13:10 ET  Reply   Trace   Private Reply   #3. To: lucysmom (#1) Social Security checks pay what business again? war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore. Rudgear  posted on  2011-07-12   14:13:42 ET  Reply   Trace   Private Reply   #4. To: Rudgear (#3) Social Security checks pay what business again? Landlords, grocery stores, gas stations, use your imagination. What is the total that goes out monthly in the form of SS checks? How much economic activity will be lost in the private sector if those checks don't go out? Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom  posted on  2011-07-12   14:24:22 ET  Reply   Trace   Private Reply   #5. To: lucysmom, Rudgear (#4) Landlords, grocery stores, gas stations, use your imagination. What is the total that goes out monthly in the form of SS checks? How much economic activity will be lost in the private sector if those checks don't go out? Car payments, mortgage payments, equity loan payments etc.. I can't believe the lack of forethought that goes into some of these so called conservative's posts. But it does say plenty about their elitist tendencies. mininggold  posted on  2011-07-12   14:41:06 ET  Reply   Trace   Private Reply   #6. To: Brian S (#0) The goofy Kenyan can't stop SS checks from going out. Funny, he didn't say anything about welfare or food stamps. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-07-12   14:43:25 ET  Reply   Trace   Private Reply   #7. To: no gnu taxes (#6) The goofy Kenyan can't stop SS checks from going out. Funny, he didn't say anything about welfare or food stamps. Because that comes from counties and states. mininggold  posted on  2011-07-12   14:44:39 ET  Reply   Trace   Private Reply   #8. To: no gnu taxes, lucysmom, mininggold (#6) Funny, he didn't say anything about welfare or food stamps. Welfare and food stamp recipients aren't going to get on their phones and raise hell with their representatives. Old people in the shape of the Gray Panthers will. war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore. Rudgear  posted on  2011-07-12   14:46:05 ET  Reply   Trace   Private Reply   #9. To: mininggold (#7) From funds provided by the Dept of AG and HHS. Now, I know I’m not going to change the minds of any of the True Believers…those who read all of Reverend Al’s sermons, and say things like, “You know, global warming can mean warmer OR colder, wetter OR drier, cloudier OR sunnier, windier OR calmer, …â€�. Can I get an ‘amen’?? no gnu taxes  posted on  2011-07-12   14:46:48 ET  Reply   Trace   Private Reply   #10. To: no gnu taxes (#9) (Edited) From funds provided by the Dept of AG and HHS. That must be why there's ABSOLUTELY no difference in the amounts given out between the states. LOLOL So Texas welfare and food stamps equals California welfare and food stamps. mininggold  posted on  2011-07-12   14:49:24 ET  Reply   Trace   Private Reply   #11. To: mininggold (#10) Straw man non sequitur. I caught your revision, too. Go here: http://www.npc.umich.edu/publications/workingpaper04/paper14/04-14.pdf if you are actually looking for an answer. war has to do something for entertainment. The voices in his head aren't speaking to him and his imaginary friends have found reasons not to come over anymore. Rudgear  posted on  2011-07-12   14:59:08 ET  Reply   Trace   Private Reply   #12. To: Brian S (#0) POTUS doesn't 'guarantee' such things anyway. This clown is desperate AND Shameless. Proxy IP's are amusing.....lmao Badeye  posted on  2011-07-12   15:50:50 ET  Reply   Trace   Private Reply   #13. To: lucysmom, Rudgear (#4) Rudgear: Social Security checks pay what business again? Loonymom: Landlords, grocery stores, gas stations, use your imagination. What is the total that goes out monthly in the form of SS checks? How much economic activity will be lost in the private sector if those checks don't go out? Non sequitur. The money comes from the "landlords, grocery stores, gas stations," thus, economic efficiency is increased by removing the inherent parasitic losses due to government collection and redistribution costs. :) “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” -- Joseph Goebbels -- The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead. Capitalist Eric  posted on  2011-07-12   16:18:02 ET  Reply   Trace   Private Reply   #14. To: mininggold (#5) But it does say plenty about their elitist tendencies. and conservative politicians that pander to them. Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom  posted on  2011-07-12   19:39:32 ET  Reply   Trace   Private Reply   #15. To: Capitalist Eric (#13) The money comes from the "landlords, grocery stores, gas stations," thus, economic efficiency is increased by removing the inherent parasitic losses due to government collection and redistribution costs. Social Security is an insurance program with much lower overhead than private insurance companies. Perhaps we could increase efficiency and lower costs by making all insurance public. Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom  posted on  2011-07-12   19:48:25 ET  Reply   Trace   Private Reply   #16. To: lucysmom, all (#1) Well I know the casinos will be devastated! Never swear "allegiance" to anything other than the 'right to change your mind'! Brian S  posted on  2011-07-12   20:05:31 ET  Reply   Trace   Private Reply   #17. To: Brian S (#0) So where's the comments about old people having to go back to eating dog food???? More BS scare tactics from the losers in charge of our government...... When asked by a Liberal what I bought my Granddaughter for her 1st birthday I replied, "MORE AMMUNITION"!!!! CZ82  posted on  2011-07-12   20:09:10 ET  Reply   Trace   Private Reply   #18. To: CZ82 (#17) So where's the comments about old people having to go back to eating dog food???? Their saving that for next week. No sense of using all the 'good ones' at once... ;) Never swear "allegiance" to anything other than the 'right to change your mind'! Brian S  posted on  2011-07-12   20:37:53 ET  Reply   Trace   Private Reply   #19. To: Brian S (#16) Well I know the casinos will be devastated! Especially the ones in Vegas...... When asked by a Liberal what I bought my Granddaughter for her 1st birthday I replied, "MORE AMMUNITION"!!!! CZ82  posted on  2011-07-12   22:00:27 ET  Reply   Trace   Private Reply   #20. To: lucysmom (#15) Social Security is an insurance program ... WRONG. SS is nothing but a wealth transfer. A TAX. Anything else is pure propaganda. “If you tell a lie big enough and keep repeating it, people will eventually come to believe it. The lie can be maintained only for such time as the State can shield the people from the political, economic and/or military consequences of the lie. It thus becomes vitally important for the State to use all of its powers to repress dissent, for the truth is the mortal enemy of the lie, and thus by extension, the truth is the greatest enemy of the State.” -- Joseph Goebbels -- The State can no longer hide the consequences of their 100-year lie. VERY interesting times are ahead. Capitalist Eric  posted on  2011-07-13   11:09:54 ET  Reply   Trace   Private Reply   #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. Stupid, stubborn and stoned is no way to go through life jwpegler  posted on  2011-07-13   11:15:40 ET  Reply   Trace   Private Reply   #22. To: Badeye (#12) POTUS doesn't 'guarantee' such things anyway. This clown is desperate AND Shameless. He's just trying to run the gov like a business where the hucksters at the top make up lies in advertising. I thought you guys wanted that. mininggold  posted on  2011-07-13   11:16:34 ET  Reply   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   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. Stupid, stubborn and stoned is no way to go through life jwpegler  posted on  2011-07-13   11:24:24 ET  Reply   Trace   Private Reply   #25. To: Capitalist Eric (#20) SS is nothing but a wealth transfer. A TAX. When I sell a product, the buyer transfers some of his wealth to me. Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom  posted on  2011-07-13   11:31:33 ET  Reply   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. Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom  posted on  2011-07-13   11:33:24 ET  Reply   Trace   Private Reply   #27. To: lucysmom (#26) and they do. Because they are corrupt. Stupid, stubborn and stoned is no way to go through life jwpegler  posted on  2011-07-13   11:36:30 ET  Reply   Trace   Private Reply   #28. To: jwpegler (#24) 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. And I told you troop's salaries are on the table too, which would change the net you quote by quite a bit. I take posters with a grain of salt who make up facts, can't seem to even define their goals and don't have a knack for accurate analysis. A tendency you have shown to be your standard procedure on this site. Plus it's a forum for discussion a procedure that by it's very definition involves give and take and not just a lecture from a pip squeek like you. Which also means you have not been assigned a teaching job here. I don't doubt you might want to elevate your status to that of a teacher some day. But then by that time you guys will have them down to making minimum wage or begging on street corners, so maybe not. mininggold  posted on  2011-07-13   11:43:56 ET  Reply   Trace   Private Reply   #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   Trace   Private Reply   #30. To: lucysmom (#26) (Edited) and they do. It's not just a threat. Seems though, that they rarely lay off the management. mininggold  posted on  2011-07-13   11:47:02 ET  Reply   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. Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom  posted on  2011-07-13   11:51:34 ET  Reply   Trace   Private Reply   #32. To: mininggold (#30) Seems though, that they rarely lay off the management. They still need management to deal with contractors after services have been privatized. Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom  posted on  2011-07-13   11:54:13 ET  Reply   Trace   Private Reply   #33. To: lucysmom (#32) They still need management to deal with contractors after services have been privatized. It's funny how people seem to not realize that the corruption created by this relationship the first time around was what led to civil service being created in the first place. Of course the corporate community is well aware and evidently willing to take advantage of the rampant historical ignorance for another shot at really corrupting the system. mininggold  posted on  2011-07-13   12:02:25 ET  Reply   Trace   Private Reply   #34. To: mininggold (#33) Of course the corporate community is well aware and evidently willing to take advantage of the rampant historical ignorance for another shot at really corrupting the system. Oh, you make them sound like predators. Von Mises associates any Government involvement in markets as "Socialism" , to mislead people into thinking Government is the enemy , when infact empire is the enemy and empire is Privatized. lucysmom  posted on  2011-07-13   12:16:28 ET  Reply   Trace   Private Reply   #35. To: mininggold (#22) He's just trying to run the gov like a business I wish this was the case...its amusing you think wild deficit spending is how 'business' works however. Not surprising, just amusing. Proxy IP's are amusing.....lmao Badeye  posted on  2011-07-13   12:30:13 ET  Reply   Trace   Private Reply   #36. To: Badeye (#35) (Edited) I wish this was the case...its amusing you think wild deficit spending is how 'business' works however. Not surprising, just amusing. Yet that was the preferred business model of 2008, and is practiced by most current homeowners too. mininggold  posted on  2011-07-13   12:33:33 ET  Reply   Trace   Private Reply   #37. To: mininggold (#36) Yet that was the preferred business model of 2008, and is practiced by most current homeowners too. 'Preferred' by who? Proxy IP's are amusing.....lmao Badeye  posted on  2011-07-13   13:03:28 ET  Reply   Trace   Private Reply   Top • Page Up • Full Thread • Page Down • Bottom/Latest

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