Obama: ‘I Cannot Guarantee That Social Security Checks Will Go Out’ Next Month
July 13th, 2011|
Retired and disabled citizens of the United States are sweating collective bullets right about now as the clock ticks down on Congress’s federal deficit negotiations.
In a new CBS news interview with President Obama that aired Tuesday, reporter Scott Pelley asked the President if he could reassure Americans that their checks would be in the mail on August 3 despite the up-in-the-air talks of either raising the federal debt ceiling or implementing budget cuts.
“I cannot guarantee that those checks go out on August 3rd if we haven’t resolved this issue,” said Obama. “Because there may simply not be the money in the coffers to do it.”
The government will owe roughly $20 billion dollars in social security, disability, and veterans checks on August 3, which is the day after the United States government will begin defaulting on its loans unless a budget can be agreed upon.
“This is not just a matter of Social Security checks,” said Obama. “These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out.”
Do you think the federal budget talks will be resolved before August 3? Do you think the United States would suffer financial peril if those 70 million checks weren’t dropped in the mail?
If you need help with your Social Security Disability benefits, contact the Social Security Disability lawyers at Fleschner, Stark, Tanoos & Newlin.