|Even he knows we're fucked|
From USA Today:
President Obama said today he can't guarantee that Social Security checks will go out after Aug. 2, unless Congress agrees to increase the $14.3 trillion debt ceiling.
"This is not just a matter of Social Security checks," Obama also told CBS News. "These are veterans' checks; these are folks on disability and their checks. There are about 70 million checks that go out."
When CBS anchor Scott Pelley followed up by asking, "can you guarantee as President those checks will go out on August the 3rd?," Obama said: "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."
The interview airs tonight on the CBS Evening News.
Aug, 2 is the date on which the Treasury Department says it can no longer borrow money to pay the nation's bills; that could lead to a default and an inability to mail out government checks.
Jesus, didn't we do this earlier in the year with the government budget? This shit has got to be a wake up call for any Americans who are paying attention. We are falling further and further into a free-fall as far as the debt. And social security is breaking about 20 years before everyone thought it would. Instead of my work paying for grandma's retirement; it's being dropped into the bottomless hole that is the national debt. When is China going to finally call our trillion dollar tab and fuck our days up for good?