Ratcheting up the scare tactics – Obama says no guarantee Social Security checks will go out Aug. 3
So typical of how politicians tend to treat the serious matters of policy when they want to literally scare up support:
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.
If nothing else this should forever kill the nonsense about the “Social Security lockbox”.
This is akin to what you always hear when you talk budget cuts or the like. It’s is always about cutting police, fire and education services first – not the bureaucrat in some office doing redundant work. You can’t scare people onto your side without such tactics, apparently.
But American’s aren’t at all convinced that the debt ceiling should be raised according to Gallup. That means it’s time to scare the old folks again.
MJW ADDS: Just to throw some graphic wood on this fire, James Pethokoukis put together a handy little chart to demonstrate what a huge lie Obama is telling, and the Dems and the media are trying to sell:
Note that all interest, Social Security, Medicare and defense payments can easily be made, and we are not in manner, shape or form in danger of default.