Sunday, May 19, 2013
Weather
Obama: No Guarantee for Social Security ChecksPresident 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.Related Content
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. Lawmakers from both parties want to use the threat of that deadline to work out a broader package on long-term deficit reduction, with Republicans looking to cut trillions of dollars in federal spending, while Democrats are pushing for a more "balanced approach," which would include both spending cuts and increased revenue through taxes. Democratic and Republican lawmakers are expected to hold another round of negotiations with Mr. Obama at the White House Tuesday afternoon on long-term deficit reduction, though talks have yielded little results to date. Mr. Obama told Pelley "this is not just a matter of Social Security checks. These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out." The interview will air Tuesday evening on the CBS Evening News with Scott Pelley. Mr. Obama's comments followed remarks from the Senate's top Republican, who said Tuesday that he did not see a way for Republicans and Democrats to come to agreement on meaningful deficit reduction as long as Mr. Obama remains in office. "After years of discussions and months of negotiations, I have little question that as long as this president is in the Oval Office, a real solution is probably unattainable," Senate Republican Leader Mitch McConnell said in remarks on the Senate floor. Still, McConnell said Republicans would "do the responsible thing" to avoid default, suggesting that a deal on the debt ceiling could be reached without a "real" deficit reduction package. "The president has presented us with three choices: smoke and mirrors, tax hikes, or default. Republicans choose none of the above. I had hoped to do good, but I refuse to do harm. So Republicans will choose a path that actually reflects the will of the people, which is to do the responsible thing and ensure that the government doesn't default on its obligations," he said. Mr. Obama has repeatedly said he wants a deal that would allow the U.S. to avoid confronting the issue again until after the 2012 elections and vowed on Monday that he would "not sign a 30-day or a 60-day or a 90-day extension." "This the United States of America and, you know, we don't manage our affairs in three-month increments. You know, we don't risk U.S. default on our obligations because we can't put politics aside," Mr. Obama told reporters at the White House yesterday. |
This content requires the latest Adobe Flash Player and a browser with JavaScript enabled.
Click here for a free download of the latest Adobe Flash Player.
|
You have indicated this comment should be removed.
The comment has been submitted for review. Thank you .
MEL said on Friday, Jul 29 at 6:51 PM
YES IS CORRECT LET GO TO REMOVE THEY PAY CHECK
71527237Brandon Lander said on Wednesday, Jul 20 at 4:07 PM
I'm Disabled veteran of the war on terrorism. I cant not gain fruitful employment thanks to the us government. Now they want to take my only source of income. When the politicians that keep there's is the same politicians who are responsible for my injuries. How about we take there income to replace it. If my check isn't here on the 3rd I will lose everything i have. Great thing to do to someone who fought to give them the right to do this to us. I believe this is a government for the people by the people ,and I will be all to happy to rise up and fight for our rights as it is the duty of every american to rise up against atrocities. That's just what this is leaving all of us with no way to eat or even homeless.
71033879Marie B. said on Sunday, Jul 17 at 5:57 PM
My husband paid into S S during his working years..that is his hard earned money....something is really wrong when the President threatens us like this. Are we just going to sit back and be told we won't get our money..?
70851579Jean said on Wednesday, Jul 13 at 6:54 PM
Yeah, thats the Liberal lying thiefs in the White House for you, they black mail the tax payers who have to support the dogs.Congress should tell him to go back to Kenya where he belongs. They all should be impeached, especially Bumo-Boy, he is the death of America.He is so disgusting, he will do anything thing to get his way.
70660024Genny H said on Tuesday, Jul 12 at 11:52 AM
Lets take all paychecks and health insurance from the president, vice president, congress and senators and lets how fast this gets solved. SHAMEFUL
70570053Add a comment
Most Popular