• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

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

Renae

Banned
Suspended
DP Veteran
Joined
Aug 26, 2007
Messages
50,241
Reaction score
19,243
Location
San Antonio Texas
Gender
Female
Political Leaning
Conservative
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.
Obama says he cannot guarantee Social Security checks will go out on August 3 - Political Hotsheet - CBS News

images


The Good President will have to let Old People, Disabled people STARVE because of the damned dirty GOP.

Starve you hear, STARVE.
 
Well it's certainly great to not hold commitments we made to our own people instead of...you know, passing a budget. Superb. Thanks partisan politics, I didn't want a working government anyway.
 
Well it's certainly great to not hold commitments we made to our own people instead of...you know, passing a budget. Superb. Thanks partisan politics, I didn't want a working government anyway.

LOL.

Social Security is in a Lockbox, it's paid for, how can there not be money? Oh wait... there is not SS fund? It's all a lie?

Disgusting is the President threatening old folks to get his way.
 
Yeah. I made a conscious decision last night to just let it go. If it doesn't matter to Congress, I can't let it bother me.
 
Yeah. I made a conscious decision last night to just let it go. If it doesn't matter to Congress, I can't let it bother me.

Translation:

I can't condemn Obama for threatening old people, so I'll just ignore it.
 
LOL.

Social Security is in a Lockbox, it's paid for, how can there not be money? Oh wait... there is not SS fund? It's all a lie?

Disgusting is the President threatening old folks to get his way.

Kinda like the Republicans threaten the whole of us to preserve tax loopholes like the Capital Gains tax? Yup, peas in a pod y'all are. Good job not doing anything productive and doing everything y'all can to bring down the Republic. Great.
 
LOL.

Social Security is in a Lockbox, it's paid for, how can there not be money? Oh wait... there is not SS fund? It's all a lie?

Disgusting is the President threatening old folks to get his way.

It's not a threat, it's the truth. SS isn't in a lockbox, it has been dumped into the general fund for decades in order to mask out-of-control "defense" spending. Right now, some "contractor" in Iraq is using SS money to pay for a new 'Beamer.

So, there is no guarantee that SS checks will go out. Those who are already receiving checks will most likely get them, those who are applying for new benefits probably won't.
 
Kinda like the Republicans threaten the whole of us to preserve tax loopholes like the Capital Gains tax? Yup, peas in a pod y'all are. Good job not doing anything productive and doing everything y'all can to bring down the Republic. Great.

That's not what's going on, but you're enamored by big government, so I guess you can't see that.
 
It's not a threat, it's the truth. SS isn't in a lockbox, it has been dumped into the general fund for decades in order to mask out-of-control "defense" spending. Right now, some "contractor" in Iraq is using SS money to pay for a new 'Beamer.

So, there is no guarantee that SS checks will go out. Those who are already receiving checks will most likely get them, those who are applying for new benefits probably won't.

Defense Spending is 18% of the Budget, Entitlements are 60%. Keep up the lies man, keep up the lies.
 
That's not what's going on, but you're enamored by big government, so I guess you can't see that.

That's exactly what's going on, but your blinded by partisan politics, so I guess you can't see that. The Republicans haven't spent down, hell before Obama Bush was one of the biggest spenders. But it's all for their buddies at the top and **** the rest of us. That's why your ilk will go after our social programs designed for our people before you go after forever war which has wasted over a trillion dollars.

And the ironic thing is this whole "fear" montra you drag up because the Republicans used it well to sell us all sorts of increased government because the big bad terrorist was gonna get us. FEAR! HA. Peas in a pod buddy, peas in a pod.
 
This is a blatant lie from Obama.

This money doesn't even come from the same place.

So, does that mean, every time we pay social security checks, we borrow it from China? Really, Mr. President?

Bald....faced.....lie.
 

With the Treasury having to deal with 3- and 10-year Notes and 30-Year Treasury bonds on August 3, questions about how many creditors will not want to roll over their positions, and questions about daily cash inflows and the overall cash position, I don't believe any guarantees can be made should the nation fail to raise its debt ceiling. Almost certainly, debt-related payments would take precedence over everything else, including Social Security payment, payment of troops' salaries, Medicare payments, etc.
 
It's not a threat, it's the truth. SS isn't in a lockbox, it has been dumped into the general fund for decades in order to mask out-of-control "defense" spending. Right now, some "contractor" in Iraq is using SS money to pay for a new 'Beamer.

So, there is no guarantee that SS checks will go out. Those who are already receiving checks will most likely get them, those who are applying for new benefits probably won't.

Thank you. I was just going to say that. I can't believe our government is doing this. I'm rather sickened right now at everyone involved but mainly the Tea Party, the Republican party and anyone who believes its okay to have companies like GE not paying income taxes and instead feel its ok that elderly who paid into the system can't have their ss checks.
 
Thank you. I was just going to say that. I can't believe our government is doing this. I'm rather sickened right now at everyone involved but mainly the Tea Party, the Republican party and anyone who believes its okay to have companies like GE not paying income taxes and instead feel its ok that elderly who paid into the system can't have their ss checks.

GE, which is run by Obama's favorite buddy, Immelt? The one that got all the stimulus money? That GE?
 
This is a blatant lie from Obama.

This money doesn't even come from the same place.

So, does that mean, every time we pay social security checks, we borrow it from China? Really, Mr. President?

Bald....faced.....lie.

Payments for Social Security come from payroll tax collections and liquidation of Treasury securities held by the Social Security Fund. Payroll tax revenue is not restricted to Social Security. The funds are treated as general revenue. Were the nation to fail to raise its debt ceiling, all revenue (including payroll tax revenue) would almost certainly be used to meet debt obligations ahead of everything else.
 
August 1, 2011

Today, on CBS news, Pres Obama stated that he could not guaranty that checks for social security, will go out on time, unless the debt issue is resolved by August 3, 2011
Does anyone think this odd?
 
Re: August 1, 2011

Not for scare mongering ... no. Not odd at all.
 
It is what it is. They want to dig in their little heels and hold their breath? No problemo. Just be aware that more news like this is going to be flooding in as we pass That Date.

I hope nobody has the nerve to act surprised.
 
They are going to keep America hostage the next two weeks until we throw away our poor to help our rich so our bills get paid. How sickening.
 
Thank you. I was just going to say that. I can't believe our government is doing this. I'm rather sickened right now at everyone involved but mainly the Tea Party, the Republican party and anyone who believes its okay to have companies like GE not paying income taxes and instead feel its ok that elderly who paid into the system can't have their ss checks.

This situation is not happening, yet. It still is not the most likely scenario. The President merely answered a question concerning what is still a hypothetical outcome.
 
They are going to keep America hostage the next two weeks until we throw away our poor to help our rich so our bills get paid. How sickening.

Yep. Ain't it great?
 
Re: August 1, 2011

BS.

Social security payments and the debt ceiling have nothing to do with each other.

Minnesota shut it government down weeks ago. Has it imploded yet?
 
This situation is not happening, yet. It still is not the most likely scenario. The President merely answered a question concerning what is still a hypothetical outcome.

Haven't I read that the president doesn't need congress to raise the debt ceiling ? (though I'm sure no one wants it to come to that, especially him)
 
Yep. Ain't it great?

Not really, it's mostly government not serving its purpose anymore. Bad government. But this is what you get when you vote for the lesser of two evils, you get evil.
 
Haven't I read that the president doesn't need congress to raise the debt ceiling ? (though I'm sure no one wants it to come to that, especially him)

The question concerned whether some language in the 14th Amendment provided such authority. Most legal scholars I've seen quoted suggest that the 14th amendment's language only makes a case that debt payments would have priority over other expenditures.
 
Back
Top Bottom