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CBS: Obama says he cannot guarantee Social Security checks will go out on August 3

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.

(Excerpt)

http://www.cbsnews.com/8301-503544_162-20078789-503544.html

Either Obama is lying, or the hundreds of democrats who’ve been telling us for decades that the Social Security funds are safe in a “lock box” were lying.

Democrats have been claiming on every single Sunday TV talk show that “SS is fully self funded and is NOT adding a dime to the deficit or debt.” So how can the debt limit have any bearing on these payments?

In the proposed 2011 budget, the White House defensively attacks the “irresponsibility of past” deficits. For example, the 2009 budget deficit of $1.4 trillion is blamed on the George W. Bush administration as if President Obama’s $862 billion stimulus package and more than $400 billion supplemental spending bill had nothing to do with it. Mr. Obama’s planned 2010 budget deficit rises to an even higher record level of $1.6 trillion. By comparison, all of Mr. Bush’s deficits from 2002 to 2008 - the seven years during which his team had the most control over the budget - produced a combined deficit of $2.1 trillion.

http://www.washingtontimes.com/news/2010/feb/08/a-deficit-avalanche/

...much of the debt problem IS Bush’s fault, just not MOST of it.

Mark Levin explained the s/s issue and it's remarkably like the Obamacare issue.

When they first designed s/s it was called insurance but the SCOTUS said you can't force Americans to buy insurance so the rats argued that no- it was a tax and they have the power to tax and the SCOTUS agreed.

Mark said there has never been a separate fund for the money confiscated from us, that the statements that s/s send out are basically the equivalent of Bernie Madoff’s client's statements.

The left is quite good at stealing money with their lies.