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

  1. #521
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3


    Mainstream Media Obama says he cannot guarantee Social Security checks will go out on August 3
    Seems Obama was correct ...

    Default could 'sink the whole boat'

    The first major hurdle comes on Aug. 3, when the U.S. government is scheduled to pay $23 billion in benefits to Social Security recipients. Only $12 billion in revenue is expected that day, leaving the Treasury $11 billion short — and $20 billion in the red when other scheduled payments for that day are taken into account.

    Obama said in an interview with CBS News last week that he couldn’t guarantee Social Security payments will go out, a statement that could send retirees and disability recipients into a panic.

    “I’d say it’s at risk,” said Jay Powell, a former senior Treasury Department official now with the Bipartisan Policy Center. “The president’s statement is correct on its face. He said he can’t guarantee those payments will be made. Even if you pay nothing other than interest, you can’t guarantee it.”

  2. #522
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Sheik Yerbuti View Post
    Seems Obama was correct ...

    Default could 'sink the whole boat'

    The first major hurdle comes on Aug. 3, when the U.S. government is scheduled to pay $23 billion in benefits to Social Security recipients. Only $12 billion in revenue is expected that day, leaving the Treasury $11 billion short — and $20 billion in the red when other scheduled payments for that day are taken into account.

    Obama said in an interview with CBS News last week that he couldn’t guarantee Social Security payments will go out, a statement that could send retirees and disability recipients into a panic.

    “I’d say it’s at risk,” said Jay Powell, a former senior Treasury Department official now with the Bipartisan Policy Center. “The president’s statement is correct on its face. He said he can’t guarantee those payments will be made. Even if you pay nothing other than interest, you can’t guarantee it.”
    Somebody, please email the above info to Michele Bachmann.

  3. #523
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Sgt Meowenstein View Post
    What's irrelevant. You righties bitch and moan about spending like it's a new thing. Bush was one of the biggest spenders in history. That fact is entirely relevant to this discussion. He went from a surplus to doubling the debt. Tax cuts for the rich didn't create any jobs and they only put us deeper in the hole. Be delusional all you want, but those of us who live in reality know that Bush's policies ****ed this country up.
    You just haven't been keeping up.

    Certainly the spending of George Bush was criticized which is why his numbers during his last couple of years in office went into the tank. You genuinely don't know this?

    Now, to make matters worse for the American people, they have a president who not only lies to them, but continues to outspend his predecessor. That's why the American people find themselves in this bleak situation today. Ignoring history, or trying to change the facts around to suit your political biases, only guarantees this tailspin will continue and will not help the present problems the country faces.

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

    Quote Originally Posted by BDBoop View Post
    Somebody, please email the above info to Michele Bachmann.
    It's not at risk. They have the money. You are being lied to.

    Don't you get that yet?

  5. #525
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Sheik Yerbuti View Post
    Seems Obama was correct ...

    Default could 'sink the whole boat'

    The first major hurdle comes on Aug. 3, when the U.S. government is scheduled to pay $23 billion in benefits to Social Security recipients. Only $12 billion in revenue is expected that day, leaving the Treasury $11 billion short — and $20 billion in the red when other scheduled payments for that day are taken into account.

    Obama said in an interview with CBS News last week that he couldn’t guarantee Social Security payments will go out, a statement that could send retirees and disability recipients into a panic.

    “I’d say it’s at risk,” said Jay Powell, a former senior Treasury Department official now with the Bipartisan Policy Center. “The president’s statement is correct on its face. He said he can’t guarantee those payments will be made. Even if you pay nothing other than interest, you can’t guarantee it.”
    And yet again....we are told over and over that S.S. is a seperate entity fully funded. A fully funded program should have no problem paying out. Or maybe they are not being truthful somewhere?

  6. #526
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by Sheik Yerbuti View Post
    Seems Obama was correct ...
    Default could 'sink the whole boat'

    The first major hurdle comes on Aug. 3, when the U.S. government is scheduled to pay $23 billion in benefits to Social Security recipients. Only $12 billion in revenue is expected that day, leaving the Treasury $11 billion short — and $20 billion in the red when other scheduled payments for that day are taken into account.

    Obama said in an interview with CBS News last week that he couldn’t guarantee Social Security payments will go out, a statement that could send retirees and disability recipients into a panic.

    “I’d say it’s at risk,” said Jay Powell, a former senior Treasury Department official now with the Bipartisan Policy Center. “The president’s statement is correct on its face. He said he can’t guarantee those payments will be made. Even if you pay nothing other than interest, you can’t guarantee it.”
    There is something I don't understand here. My disability check shows up on the first like a Swiss clock.

  7. #527
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by BDBoop View Post

    Somebody, please email the above info to Michele Bachmann.
    Please. Bachmann already knows it. But she'll say anything that she believes may hurt Obama with the public. I recall her falsely accusing him of spending $200 million dollars a day to travel to India.

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

    Quote Originally Posted by Grant View Post

    It's not at risk. They have the money. You are being lied to.

    Don't you get that yet?
    Well a former senior Treasury Department official says it it. How do you know better than him?

  9. #529
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by winston53660 View Post
    There is something I don't understand here. My disability check shows up on the first like a Swiss clock.
    August isn't here yet.

  10. #530
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    Re: Obama says he cannot guarantee Social Security checks will go out on August 3

    Quote Originally Posted by BDBoop View Post
    August isn't here yet.

    I know, but July 1st my check shows up and every other mnth before that it has always shown up on the 1st never the 3rd.

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