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

[ALLAN]

http://www.cbsnews.com/8301-503544_162-20078789-503544.html

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.

The Obama administration and many economists have warned of economic catastrophe if the United States does not raise the amount it is legally allowed to borrow by August 2.

[line-em-up]

...

Oh well. Then maybe congress should get busy doing their jobs.

[jw33]

I hope the AARP paid their phone bill and their lobbiest have clean suits ready...

[Grape]

good, fuck them, shouldn't get paid for not working.......

[The King]

good, fuck them, shouldn't get paid for not working.......

I do believe some of "them" paid into the Social Security system when they were working.

[ceyko]

I do believe some of "them" paid into the Social Security system when they were working.

Yeah, for many years. Kids and elderly I think deserve support.

[Grape]

wait wait wait, government isn't smart enough to decide my insurance, but you think they are smart enough to plan my retirement......silly republicans, can't have it both ways.

[stevo]

That sounds right up his alley, hold the elderly and disabled incomes for ransom to get his political agenda passed.

Stevo

[Vertnut]

It's all bullshit and scare tactics. Entitlement programs have nothing to do with borrowed money. He decides what gets paid. He can either take care of "his people" or pay on the debt that HE created. He owns this economy, plain and simple.

[BP]

Oh well. Then maybe congress should get busy doing their jobs.

It's only been like two years since they passed a budget, but it's the republicans fault.

[War Machine]

I hope they cut welfare, starve the freeloaders out. We should stick all their asses on a boat and ship them to Cuba

[Lason]

good, fuck them, shouldn't get paid for not working.......

Thats crap, Im all for cutting entitlement plans but I dont consider a plan you spend your life paying into a entitlement plan. Granted, SS is setup to fail but I still wouldnt go as far as saying "fuck them", they spent their whole careers paying into this sytem.

[Denny]

It's all bullshit and scare tactics. Entitlement programs have nothing to do with borrowed money. He decides what gets paid. He can either take care of "his people" or pay on the debt that HE created. He owns this economy, plain and simple.

Right. The entitlements that are "pre-paid" are not the ones that should be cut. If he cuts SS payments, he needs to be terminated. I say cut Congress' pay and benefits. They're the ones that got us into this mess.

[Forever_frost]

I hope they cut welfare, starve the freeloaders out. We should stick all their asses on a boat and ship them to Cuba

Umm....I get SSD and Veterans pay so that makes me a freeloader and I have no intention of going to Cuba

[Denny]

Umm....I get SSD and Veterans pay so that makes me a freeloader and I have no intention of going to Cuba

I don't think he was talking about the earned benefit pay-outs.