At a hastily convened news conference Friday evening, President Obama offered his explanation of why debt negotiations with House Speaker John Boehner fizzled, and he once again raised the specter of entitlement checks not going out if the debt ceiling isn’t raised soon.
“Well, when it comes to all the checks, not just Social Security -- veterans, people with disabilities -- about 70 million checks are sent out each month -- if we default then we’re going to have to make adjustments. And I’m already consulting with (Treasury) Secretary (Tim) Geithner in terms of what the consequences would be,” Obama said.
“We should not even be in that kind of scenario. And if Congress -- and in particular, the House Republicans -- are not willing to make sure that we avoid default, then I think it’s fair to say that they would have to take responsibility for whatever problems arise in those payments.”
11 comments:
Nice try this is all your doing Obama you will finally be held accountable for your failed policies.
Obama is not just a liar. Obama is a Damned liar!
Obama is digging his own grave , let's see when we can start to mourn. NOT
Don't call MY bluff!
This is a hostage situation.
Ask any law enforcement officer-- it's identical.
What a tin-pot dictator.
That's right, Barry. Don't take the blame for any of your many misguided economic policies! 2012 is just around the corner--no president to date has been re-elected when the economy has done so poorly...
How is a program I paid my whole working life in an entitlement? Yes, I'm entitled to reap the rewards of my labor, but SS is not entitlement.
Cut welfare, SSI, etc. These are entitlements.
Doesn't Congress send legislation to the president to sign? Lets see something come off the hill besides a bunch of hot air, then we can blame Obama if he doesn't sign it.
8:49 Obama has inserted himself into the fray and keeps shooting down republican plans and ideas and offering none of his own it's perfectly reasonable to criticize him NOW!
this is something that should be left to be decided by a vote from the people not Fidel Obama and Congress ...... i think its time the citizens of the us decide on this since it cant be settled by out so called leaders
Cory, you may have hit on something. Let's organize a committee on this. We've had no budget in over 800 days...
This topic is all about Social Security.
The ponzi scheme has fallen and now the elites who stole the trust fund must concoct a half-baked story to explain why it's benefits will not be paid out.
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