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Pres. Obama played the Social Security card in debt ceiling negotiations - "There may simply not...

  • Wednesday, July 13, 2011, 11:39 AM ET
    Pres. Obama played the Social Security card in debt ceiling negotiations - "There may simply not be the money in the coffers to do it" -  but there are several ways the Treasury Department can juggle payments to make sure seniors get their checks even if the Aug. 2 deadline passes, Washington Post's Glenn Kessler writes.
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This news story has 19 comments:

  •  
    Does this guy ever think before he opens his mouth?
    Same for Biden...

    I saw the POTUS. the other day babbling like a confused individule. Sure enough - No Teleprompter.
    13 Jul 2011, 11:45 AM Reply Like
  •  
    obama says theres not enough $ for SS but theres plenty for

    obamacare
    big bank welfare
    loans to foreign banks
    obama/michelle global vacations
    pomo
    fed gift programs to chosen businesses like GE and GM
    gift programs to defaulting mortgage borrowers
    13 Jul 2011, 11:47 AM Reply Like
  •  
    preach on montanamark! scare tactics continue...
    13 Jul 2011, 11:50 AM Reply Like
  •  
    Obozo hates corporate jets, but it doesn't stop him from using Air Force 1, at his every whim.
    13 Jul 2011, 11:57 AM Reply Like
  •  
    The term is "fear mongering". Obama is a serial practitioner thereof.
    13 Jul 2011, 11:49 AM Reply Like
  •  
    In a couple of days we will start turning off the power to granny's oxygen too.
    13 Jul 2011, 11:50 AM Reply Like
  •  
    Always in campaign mode which for him is, right on cue, scaring old people. This will backfire.

    His election is now the equivalent of deranged hostage taking, the guy on the 6 o'clock news holding a gun to a woman's head coming out of an apartment building with the SWAT team surrounding him.

    Pathetic.
    13 Jul 2011, 11:50 AM Reply Like
  •  
    Wyatt..you are right. Thats how he raised $86 mil in the last little while for the campaign. Hard to imagine.
    13 Jul 2011, 01:26 PM Reply Like
  •  
    This clown won't be happy until he totally destroys the economy.
    13 Jul 2011, 11:50 AM Reply Like
  •  
    The Community Organizer thinks seniors are children.

    But, money is "in the coffers." (That's an American expression coming from our Citizen of the World)

    But after August 2nd what will we do?
    13 Jul 2011, 11:50 AM Reply Like
  •  
    I'm not even sure what 'a coffer' is. I doubt the Prompter in Chief could even identify it or put a finger on where the money is in 'the coffer'. He just repeats cliches that are told to him, the ones written by the twentysomething fratboy ghostwriter. Obama is officially the Wizard Of Oz. We should pay no attention to the man behind the curtain.

    You wanna see the kid behind the curtain who scribbles Obama's Prompter scratch?

    Here he is.

    www.gq-magazine.co.uk/...

    This should scare the living hell out of everyone who thought we were the leader of the free world.
    13 Jul 2011, 11:58 AM Reply Like
  •  
    Mr. Junker. I'm not sure what a coffer is either.

    I don't want to know.

    Greetings.
    13 Jul 2011, 12:50 PM Reply Like
  •  
    ... 29 years old. That might explain why so many of Obama's speeches all sound the same, the kid has not been around long enough to have much in the way of any varied experiences.
    13 Jul 2011, 12:59 PM Reply Like
  •  
    Will Mitch McConnell say he guarantees payments?
    13 Jul 2011, 11:54 AM Reply Like
  •  
    it is just amazing the lengths this president will go to scare the public into believing more and more government spending in necessary. it's just like his campaign commercials.
    13 Jul 2011, 12:01 PM Reply Like
  •  
    He uses scare tactics because he has no fear of being asked by the MSM why he'd rather cut social security payments before cutting discretionary spending. He's finally stopped claiming we're going to default on our interest payments because its such a blatant lie. But his priorities in what to cut or delay is woefully immoral.
    13 Jul 2011, 12:19 PM Reply Like
  •  
    There is $2.6T in the "coffers" to make the Social Security payments. When the Govt. borrows from the Social Security Trust Fund it places Treasury securities [T-Bills, T-Notes] in the Trust Fund which should be a wash as far as the deficit is concerned. If they need to make payments they should be able to redeem the securities, get the cash, make the payments - and it should be a wash again.
    Social Security will run out of money - but that is years away.
    Obama is just using scare tactics once again.
    13 Jul 2011, 01:08 PM Reply Like
  •  
    The man is simply one of the most disgusting humans around. I didn't think I could find one more so disgusting that Bill Clinton....but BHO is pretty darn close to taking first place. The lying hypocrisy makes me want to vomit.

    Maybe AARP will do something, but I wouldn't count on them after their last cave in.
    13 Jul 2011, 01:31 PM Reply Like
  •  
    Sweet. Here's the MSM headline you won't see: "Obama threatens to withhold social security checks if he isn't given a blank check for his programs."
    13 Jul 2011, 01:55 PM Reply Like
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