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 ...
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.
Listen you peasants! Since Boehner and McConnell have grown spines, I'm putting the gun to your head now!
I thought they were supposed to leave their ultimatums at the door?
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.
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.
bookmark
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!
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.]
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.
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.
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
YEP
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.
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
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?
Sorry, the idea just came to me. Didn't have a chance to read all the comments first.
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.
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