As the nation inched closer yesterday to what the White House says would be a catastrophic default on its massive debt, President Obama’s administration ratcheted up the pressure on Republicans by suggesting Social Security checks for some 55 million Americans could be in jeopardy if no deal is reached in the next three weeks.
“On August 2d, we’re left running on fumes,’’ Geithner said on CBS’s “Face the Nation.’’ “We have no capacity to borrow. . . . We have to act; Congress has to act ahead of that point. If they don’t act, then we face catastrophic damage to the American economy.’’
President Obama met with congressional leaders from both parties at the White House last night in an effort to reach a compromise to avert default on the debt. Obama and the lawmakers made no statements immediately after the meeting, but they are scheduled to meet again today.
5 comments:
Geithner is a liar! People are paying in to social security every paycheck. It is well funded. The problem is that the government is taking that money paid in spending it on other pork and issuing I.O.U.s
If he is concerned maybe he should pay his taxes like the rest of us have to.
Don't forget that he's also a confirmed tax cheater too. He never did pay any penalties on the back taxes that he paid after his nomination.
I'm surprised that he didn't also predict the need to lay off firemen and teachers too.
Why is it the first thing they always want to do is cut funding to the only ones that have paid into the system? I say cut all the money they send out in aid to the other countries. IF we can't afford to pay the very people that paid into the system then no one else gets paid either. While they are at it get all the deadbeats and illegals off the system too.
RH
Lets lock him and Obama up and charged them with Treason against the American People.
Let us call it the "Million Man Lock-up MArch" to DC...and let us pl;ay them under arrest; No Golf Clubs Obama only your dirty socks allowed.
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