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

CBS News ^ | 7/12/11 | Corbett B. Daly

[Nachum]

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

[2harddrive]

“That is the problem with this mess. The folks that can take the interruption the least, will be the first hit.”

That is no ACCIDENT. That is Chicago POLITICS.

[facedown]

liar

[cranked]

As par with the Pinocchio-in-chief, there are lies then are damn lies......fear-mongering has hit a new plateau with this idiot-ridden administration. =.=

[GailA]

http://nation.foxnews.com/debt-ceiling/2011/07/12/obama-threatens-withhold-social-security-checks-seniors-and-vets?cmpid=cmty_fb_Gigya_Obama_Threatens_to_Withhold_Social_Security_Checks_from_Seniors_and_Vets

Trying to kill off old people faster!

[socialism_stinX]

I think you are right about that. If I recall correctly, social security is very close to running a neutral cash flow this year and doesn’t flip to a significant negative cash flow until 2012 or 2013. I can’t remember if it’s projected to run a slightly positive cash flow or a slightly negative cash flow, but in any event it’s very close to being fully funded by the social security payroll taxes paid by workers and employers. There’s also plenty of income tax revenue flowing in to pay interest on federal debt and make up for any slight underfunding of social security this year. So there’s no reason for us to default on interest payments or not pay social security benefits on time—Absolutely no reason whatsoever. If there’s no debt deal fairly soon, we could have to shut down some bureaucracies (a positive development!) and delay paying government workers until an agreement is reached to raise the debt limit.

[GailA]

http://www.military.com/military-report/walgreens-to-drop-tricare

Walgreens says NO to retired Military meds.

[Chode]

feh...

[Chode]

start by completely eliminating, 7,8,11,12,14,15,19,22,

[Kaslin]

[LibsRJerks]

Last time it was military pay. This time its social security.

This man is so detestable I can hardly look at his face anymore.

[Kaslin]

Did you believe the left when they claimed President Bush wanted to take Social security away? What he wanted to do is give young people a chance to invest their money for their retirement. He made it clear, that those on social security or close to it can keep it. No way did he threaten them like this arrogant pos does

[Kaslin]

Yeah, I remember that.

[Doe Eyes]

That has to be among the world’s worst numerical graphics.
The color key is too small to be readable, the difference between the colors of multiple segments with similar shades is imperceptible,

The listing on the right side is in order highest to lowest, as is the chart, highest to lowest.

It makes it very clear where the real money is spent.

[bvw]

No, cervine oculated, it isn’t clear at all. There are better ways of presenting that data.

[deoetdoctrinae]

If they were true conservatives they’d bite the bullet, take the loss, and say ‘cancel it!!’ at the top of their lungs.

A key phrase in your post is "take the loss". If I told the government to stop sending me my Social Security payment, "taking the loss" of the money that I paid in for 40 years is exactly what I would be doing.

I wish the media and the politicians would stop referring to SS as an entitlement. I don't say "Gimme, I'm entitled", but rather I say "Give it back to me, I was forced to pay for it for my entire working life".

I DO consider myself a conservative, and I DON'T want a government handout, but I DO want the fruits of my labor.

Best FReegards.

[bvw]

Here is another way of presenting similar data. Here the numerical amount that the British government payeth each private company is shown in text at the center of each element, along with the name of the company and the area within the circle is proportional to how much the company gets:

A great graphic. It could even be enhanced by color coding, say codes to indicate what type of good or service each company provides. That detail is given under the paid amount in text that is too small to read.

[Tolsti2]

Well, you should certainly support any taxpayer based entitlement then. How can you be for SSI payments but against any other type of cradle to grave government handouts?

Everyone pays taxes in some form or another that worky s or buys anything. Why don’t we support fully entitled healthcare? Why not fully free college?

It’s very easy to say ‘I paid, so I take’ on any level of program.

[deoetdoctrinae]

How can you be for SSI payments but against any other type of cradle to grave government handouts?

Maybe you missed the part of my post where I said "I don't want a government handout". Let me repeat, SSI is not a "handout", it is a "give back". If you don't want yours, that is certainly your choice to make. A number of fine charities would probably welcome your donation if you choose to send them an amount equal to your SSI benefit each month.

[Tolsti2]

Except it’s not ‘given back’. It wasn’t held for you anywhere. It paid for the ones collecting while you worked, and now you’re collecting from the next ones.

A ponzi scheme.

[deoetdoctrinae]

It paid for the ones collecting while you worked, and now you’re collecting from the next ones.

So if I retire tomorrow and apply for Social Security, but the government dissolves Social Security for future participants next week, I will never collect a dime?