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CBS: Obama says he cannot guarantee Social Security checks will go out on August 3
CBS NEWS ^ | 7-12-11 | Corbett Daily

Posted on 07/12/2011 10:45:43 AM PDT by tcrlaf

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) Read more at cbsnews.com ...


TOPICS: News/Current Events
KEYWORDS: alinskytactics; baldfacedliar; bhoeconomy; bhofail; bhofascism; bhoterrorism; corruption; crushliberalism; debtceiling; debtlimit; democratcorruption; democrats; economicterrorism; economy; extortionistinchief; fubo; govtabuse; hopeychangey; impeach; liar; liberallies; obama; obamadepression; oooooohimsoscared; scaretactic; security; socialistdemocrats; socialsecurity; sosh; ss; youlie
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To: RC2
Here is the ultimate gotcha.

For years, Democrats have told us that Social Security is not broke because it has a "trust fund" filled with $2 trillion worth of assets. The assets are in the form of Treasury bonds. If these are truly assets, why would the government be unable to send out checks?

The reality is that they are not assets. The government must tax or borrow more to make good on the the bonds. Obama's threat proves that.

261 posted on 07/12/2011 12:34:53 PM PDT by arista
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To: tcrlaf

Listen you peasants! Since Boehner and McConnell have grown spines, I'm putting the gun to your head now!

262 posted on 07/12/2011 12:37:03 PM PDT by Servant of the Cross (the Truth will set you free)
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To: EnquiringMind

263 posted on 07/12/2011 12:37:29 PM PDT by Evil Slayer (Onward, Christian soldiers, marching as to war)
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To: The Bronze Titan
He is so stupid with this childish and reckless ultimatum that it's beyond belief.

I thought they were supposed to leave their ultimatums at the door?

264 posted on 07/12/2011 12:37:46 PM PDT by Da Bilge Troll (Defeatism is not a winning strategy!)
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To: JimRed

I’ll take a gold toilet please.

All the payments you’re getting now are being paid in by current workers. All yours went to the ones collecting when you were paying as well.

There’s no longer enough revenue being generated to pay all those that are collecting, sorry.


265 posted on 07/12/2011 12:38:21 PM PDT by Tolsti2
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To: Tolsti2
I’ve been threatened on here for saying SS has to end.

BWAHAAAAAAHAAAAAAA! That's funny. A threat? I said I suspect you may be a Troll, using inflammatory remarks to incite improper comments. That's not a threat but a suspicion. You really are thin skinned, aren't you. You don't like being critiqued, too bad.

266 posted on 07/12/2011 12:39:36 PM PDT by bcsco
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To: Deo volente

bookmark


267 posted on 07/12/2011 12:39:57 PM PDT by KansasGirl
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To: tcrlaf

First you get huge segments of your population dependent upon you for their very lives. . .

then you threaten to withhold monies if you don’t get your way. . .

behold, a nation of slaves!


268 posted on 07/12/2011 12:41:15 PM PDT by Persevero (Homeschooling for Excellence since 1992)
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To: tcrlaf

I just sampled a few pages of the comments left at CBSNews site. Yikes!

Obama sure is stooopid to stir up this hornet’s nest.

[BTW, Do you know how ridiculous to go through their sign up process just to make a lousy comment?! I gave up.]


269 posted on 07/12/2011 12:42:35 PM PDT by Sir Napsalot (Pravda + Useful Idiots = CCCP; JournOList + Useful Idiots = DopeyChangey!)
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To: stephenjohnbanker
He is still a criminal.

Well, of course he is. It's the Chicago way. You cannot come up through Chicago politics without criminality attached. And that goes for either party. It's inbred.

270 posted on 07/12/2011 12:44:42 PM PDT by bcsco
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To: Evil Slayer

Outstanding! This petty, childish, completely transparent stunt totally exposes the ‘naked emporer’. This is a blatant threat by the hostile occupier of the Oval Office against the citizens of the United States. He, as the POTUS, is attempting to blackmail the senior citizens of the country. Let’s hope that these same citizens tell him to stuff it! Sarah Palin will be happy to lead the charge on Washington.


271 posted on 07/12/2011 12:45:06 PM PDT by Servant of the Cross (the Truth will set you free)
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Comment #272 Removed by Moderator

To: arista; RC2; stephenjohnbanker
RE :”For years, Democrats have told us that Social Security is not broke because it has a “trust fund” filled with $2 trillion worth of assets. The assets are in the form of Treasury bonds. If these are truly assets, why would the government be unable to send out checks?

Hey, I been spamming this thread with that EXACT SAME idea...you been copying me ??? :)

Enjoy this as a cartoon explains it best:

Video : A Liberal Democrat explains the why the Social Security Trust Fund is safe

273 posted on 07/12/2011 12:49:59 PM PDT by sickoflibs (If you pay zero Federal income taxes, don't say you are paying your 'fair share')
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To: bcsco

YEP


274 posted on 07/12/2011 12:49:59 PM PDT by stephenjohnbanker (God, family, country, mom, apple pie, the girl next door and a Ford F250 to pull my boat.)
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To: Persevero

I say stop the SS checks. Let people suffer the consequences of trusting government for their livelihood. It will take massive pain for people to wake up to that fact. That will be the start of the unraveling of the nanny state and return to limited constitutional government.


275 posted on 07/12/2011 12:52:31 PM PDT by JTHomes (F the police)
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To: tcrlaf

There is more than enough revenue coming in. We all know it and we need to make sure that everyone we know knows it too


276 posted on 07/12/2011 12:55:12 PM PDT by GeronL (The Right to Life came before the Right to Happiness)
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To: tcrlaf; All

And this, dear friends, is how Chicago THUG politics is played, and played for keeps. Obama’s calculus is that he can cut Grannie’s SS check and the Republicans will get all the blame. In another vein, just as Charley Brown was about to kick the football, Lucy moved it out of his path, and poor Charley fell on his arse; kinda like the Republican party getting hung out to dry time after time after time. Will these nimrods never learn?


277 posted on 07/12/2011 12:55:28 PM PDT by thelastvirgil (B. Hussein Obama would steal shiite from a blind dung beetle, then set it on the wrong path home.)
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To: tcrlaf

Obama, get on the nearest boat and get your a** back to wherever it was you came from, you demagogic, lying, marxist, anti-American, senior-scaring, baby-killing POS!!

FUBO


278 posted on 07/12/2011 12:58:11 PM PDT by ScottinVA (A poster on a White House wall on 20 Jan 2013: "Malice doesn't live here anymore")
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To: sickoflibs
Hey, I been spamming this thread with that EXACT SAME idea...you been copying me ??? :)

Sorry, the idea just came to me. Didn't have a chance to read all the comments first.

279 posted on 07/12/2011 1:00:46 PM PDT by arista
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To: tcrlaf

So, 0Bastard’s bottom line is:

“Agree to higher taxes or I’m keeping money from senior citizens.”

What. An. Asshole.

I have never before so deeply despised an occupant of the WH (I WILL NEVER CALL HIM “PRESIDENT”) like I do this one.


280 posted on 07/12/2011 1:00:58 PM PDT by ScottinVA (A poster on a White House wall on 20 Jan 2013: "Malice doesn't live here anymore")
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