Author Topic: DESPERATION: Obama Just Played His Big 'Trump Card' On The Debt Ceiling [Social Security]  (Read 999 times)

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famousdayandyear

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http://www.businessinsider.com/obama-debt-ceiling-social-security-boehner-deadline-default-government-shutdown-2013-10

Obama Just Played His Big 'Trump Card' On The Debt Ceiling
Brett LoGiurato 37 minutes ago

Early Thursday morning, Potomac Research Group analyst Greg Valliere predicted that if the debt-ceiling deadline grew closer, President Barack Obama would play his "trump card" in the debate. He would remind seniors that if Congress doesn't raise the debt ceiling, seniors wouldn't get their Social Security checks.

"GOP strategists like Karl Rove surely know that it's just a matter of time before President Obama throws a game-changer — warning senior citizens that their Social Security checks won't be mailed because of John Boehner," Valliere wrote in a note to clients.

A few hours later, Obama did just that during a speech at M. Luis Construction Company in Rockville, Md. He spent much of the speech warning that while the ongoing government shutdown was damaging, failure to raise the debt ceiling by an Oct. 17 deadline would be even worse.

"In a government shutdown, Social Security checks still go out on time. In an economic shutdown — if we don't raise the debt ceiling — they don't go out on time," Obama said. "In a government shutdown, disability benefits still arrive on time. In an economic shutdown, they don't."

Earlier on Thursday, the Treasury Department warned in a big report that breaching the debt ceiling could inflict economic calamity "more severe than any seen since the Great Depression."

"The United States has never defaulted on its obligations, and the U. S. dollar and Treasury securities are at the center of the international financial system," the report said.

"A default would be unprecedented and has the potential to be catastrophic: credit markets could freeze, the value of the dollar could plummet, U.S. interest rates could skyrocket, the negative spillovers could reverberate around the world, and there might be a financial crisis and recession that could echo the events of 2008 or worse."

Offline happyg

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This is Obama and Reid's shutdown. If the republicans stand strong, even the media will figure it out.

famousdayandyear

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The media knows it; they work for the progressives because they are progressives.  Interchangeable.

Offline AbaraXas

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Social Security checks are in no way tied to the shutdown.

Obama is either:
1. Lying to Senior Citizens.
2. Threatening to stop the checks himself.

This is as much an attack on Senior Citizens as barricading them out of and threatening to arrest them if they visited the WWII monument.
Never delude yourself into thinking you're "influencing" or making a difference on the internet. It is an ephemeral pleasure.

Offline Olivia

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I'm getting a little tired of this creep thinking he can scare the older generation into having his way!  How small and petty he looks with this threat!
He actually thinks it's his money to dole out as he wishes.
Truthfully, the most important thing in life is knowing what the most important things in life are, and prioritizing them accordingly.   Melchor Lim

Offline mystery-ak

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This is where the Repubs need to Hold the line and not cave.....

Support the USO

Offline Bigun

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Social Security checks are in no way tied to the shutdown.

Obama is either:
1. Lying to Senior Citizens.
2. Threatening to stop the checks himself.

This is as much an attack on Senior Citizens as barricading them out of and threatening to arrest them if they visited the WWII monument.

Absolutely! And we must make sure they know it!
“It is difficult to free fools from the chains they revere.” —Voltaire

Offline Relic

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I'm getting a little tired of this creep thinking he can scare the older generation into having his way!  How small and petty he looks with this threat!
He actually thinks it's his money to dole out as he wishes.

He can scare them. And for all practical purposes it is Obama's "stash" to spend how he pleases.
The media covers for all he does, and the public is too stupid to notice.

Offline Olivia

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He can scare them. And for all practical purposes it is Obama's "stash" to spend how he pleases.
The media covers for all he does, and the public is too stupid to notice.

If it's his money then why do we have to put a big chunk of our paycheck into the account?
Truthfully, the most important thing in life is knowing what the most important things in life are, and prioritizing them accordingly.   Melchor Lim

Offline Relic

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If it's his money then why do we have to put a big chunk of our paycheck into the account?

Our money is his money.


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