"I cannot guarantee that those [Social Security] 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." President Obama, July 12, 2011.
"[T]here is enough cumulative money coming to pay interest, SS, Medicare and defense." James Pethokoukis, July 12, 2011.
More evidence that Our Commander-in-Chief is an abject liar whose objective is to scare the hell out of those dependent on receiving Govt checks. Further, it should now be apparent even to the hardened democrats that our own US President is adamant upon destroying the US economy. No logical thinking person would agree that in an economy teetering on the brink, further oppressive taxes which Obama insists upon would help to turn this economy around.