Obama: No 'Guarantee' of Social Security Checks
Without deficit deal, there may not be enough cash 'in the coffers'
By Matt Cantor, Newser User
Posted Jul 12, 2011 1:54 PM CDT
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(Newser) – If Democrats and Republicans can’t strike a deficit deal, retirees may not get their Social Security checks early next month, says President Obama. “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,” Obama tells CBS News anchor Scott Pelley. What’s more, “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,” Obama said in the interview, to air tonight. Obama’s remarks come on the heels of Mitch McConnell’s statement that “as long as this president is in the Oval Office, a real solution is probably unattainable.” But the Senate minority leader said Republicans would “do the responsible thing” and settle on a deal to prevent default. “I had hoped to do good, but I refuse to do harm,” McConnell said.

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GeneRussell
Jul 14, 2011 10:28 AM CDT
I paid $32.67 for a XBOX 360 and my mom got a 17 inch Toshiba laptop for $94.83 being delivered to our house tomorrow by FedEX. I will never again pay expensive retail prices at stores. I even sold a 46 inch HDTV to my boss for $650 and it only cost me $52.78 to get. Here is the website we using to get all this stuff, BidsGet.com
Swen.Ardere
Jul 13, 2011 3:21 PM CDT
Hey Boehner and House Republicans, Answer a question. Where are the fucking jobs?
realtruth
Jul 13, 2011 9:02 AM CDT
Nothing but him toying with the fears of sensitive people in the USA who don’t understand what really going on.. TERRIORIZING them to get HIS Agenda. Bin Laden would be proud of him.