Obama Claims Default Could Immediately Halt Social Security Checks

In an interview, President Barack Obama said that if the U.S. defaults on Aug. 2, he “cannot guarantee” that Social Security recipients will receive their checks on Aug. 3.

In an interview with CBS Evening News, President Barack Obama said that if the United States defaults on Aug. 2, he “cannot guarantee” that Social Security recipients will receive their checks the next day.

“I cannot guarantee that those 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,” Obama said in an interview with Scott Pelley, according to excerpts available from CBSNews.com. The full interview will air tonight on CBS Evening News.

In a press briefing today, White House Press Secretary Jay Carney said the President stands by his comments and the White House “can’t guarantee… a specific bill will be paid,” should the U.S. go into default.

Carney said he deferred to the Treasury on which bills could and could not be paid if the Aug. 2 deadline was breached, but that the decisions made in that situation would represent a “Sophie’s Choice” dilemma.

Personal Liberty

Special To Personal Liberty

You Sound Off! is written by our readers and appears the last Wednesday of each month. If you would like to submit an article or letter to the editor for consideration for You Sound Off!, send it to yousoundoff@personalliberty.com by the Friday before the last Wednesday of the month. To be considered, a submission should be 750 words or less and must include the writer's name, address and a telephone number. Only the writer's name will be published. Anonymous submissions will not be considered.

Join the Discussion

Comment Policy: We encourage an open discussion with a wide range of viewpoints, even extreme ones, but we will not tolerate racism, profanity or slanderous comments toward the author(s) or comment participants. Make your case passionately, but civilly. Please don't stoop to name calling. We use filters for spam protection. If your comment does not appear, it is likely because it violates the above policy or contains links or language typical of spam. We reserve the right to remove comments at our discretion.