(CNSNews.com) – At a hastily convened news conference Friday evening, President Obama offered his explanation of why debt negotiations with House Speaker John Boehner fizzled, and he once again raised the specter of entitlement checks not going out if the debt ceiling isn’t raised soon. “Well, when it comes to all the checks, not just Social Security -- veterans, people with disabilities -- about 70 million checks are sent out each month -- if we default then we’re going to have to make adjustments. And I’m already consulting with (Treasury) Secretary (Tim) Geithner in terms of what the consequences would...