Today, Obama said, "I cannot guarantee that those Social Security checks go out on Aug. 3rd if we haven't resolved this issue. Because there may simply not be the money ".
That is a bold-faced lie. He knows it, and so does every informed person. The U.S. Treasury continues to pull in 60% of all revenues, regardless. That is enough to pay ALL the essentials, including the debt payments, military, Social Security, Medicare, The Postal Service etc. The ONLY things that would not be funded are the "less than essential", like those treadmills for shrimp, USDA inspectors, EPA etc. But Social Security & Medicare are NOT threatened in the least little bit. And Obama knows it.
So, Obama is intentially lying, for the express purpose of frightening the elderly so they will pressure Republicans to let Obama raise taxes by a trillion bucks.
But what Obama has not mentioned is that there are already a half-trillion dollars of new taxes coming at us in ObamaCare. So, if he gets his way, over the next two years taxes will be increased by 1.5 trillion.
That means $1.5 trillion will be siphoned out of the economy, resulting in serious job losses.
It is a sorry state of affairs that we have to wait another 18 months to get rid of this disingenuous, lying moron.
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