Pearce: Obama May Purposely Withhold SS Checks

Steve Pearce

New Mexico Watchdog - US House member Rep. Steve Pearce (R-New Mexico) said Friday (July 15) that if a debt ceiling agreement is not reached by the August 2nd deadline, he thinks President Obama will purposely refuse to send out Social Security checks. Earlier this week (July 12), Obama said in an interview with CBS News that “I cannot guarantee that [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.”
Since then, a number of financial and economics experts have said that the US Treasury can and will be able to meet its obligations to Social Security recipients and Republicans accused the President of preying on the fears of seniors in order to score political points. Read full story here: News New Mexico