Q Standing here tonight, Mr. President, can you assure the American people that they will get their Social Security checks on August 3rd? And if not, who’s to blame?
THE PRESIDENT: 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 Secretary Geithner in terms of what the consequences would be.
We should not even be in that kind of scenario. And if Congress -- and in particular, the House Republicans -- are not willing to make sure that we avoid default, then I think it’s fair to say that they would have to take responsibility for whatever problems arise in those payments. Because, let me repeat, I’m not interested in finger-pointing and I’m not interested in blame, but I just want the facts to speak for themselves.
We have put forward a plan that is more generous to Republican concerns than a bipartisan plan that was supported by a number of Republican senators, including at least one that is in Republican leadership in the Senate. Now, I’ll leave it up to the American people to make a determination as to how fair that is. And if the leadership cannot come to an agreement in terms of how we move forward, then I think they will hold all of us accountable.
But that shouldn’t even be an option. That should not be an option. I’m getting letters from people who write me and say, at the end of every month I have to skip meals. Senior citizens on Social Security who are just hanging on by a thread. Folks who have severe disabilities who are desperate every single month to try to figure out how they’re going to make ends meet. But it’s not just those folks. You’ve got business contractors who are providing services to the federal government, who have to wonder are they going to be able to get paid and what does that do in terms of their payrolls.