The debt negotiations in Washington have reached a new low.
President Obama has played the Social Security card. In an interview with CBS, the President said he "cannot guarantee" that Social Security checks would go out if a deal is not made. "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 President said.
It's an interview that's received a lot of attention - and, no doubt, generated a lot of concern among millions of Americans who depend on that income to make ends meet.
And, sadly, that's exactly what the President is attempting to do. Generate fear. Scare the American people.
Rep. Allen West (R-FL) pulled no punches in accurately identifying this tactic: "That's fear mongering that's not leadership, that's sad and pathetic," Rep. West said.
The President is not addressing the facts. Even if a deal is not reached by August 2nd, there's plenty of cash on hand to continue Social Security payments and other entitlement programs, as well as military funding and other necessary expenditures.
In published news reports detailing the amount of cash on hand at the U.S. Treasury, the ongoing flow of federal tax revenue since the Treasury declared that it had hit the debt limit on May 16 has been more than sufficient to cover the combined costs of federal spending on interest payments, Medicare, Medicaid, Social Security, the Veterans Affairs department and federal workers wages and insurance benefits (including wages and insurance benefits for military personnel).
And, here's a chart from Goldman Sachs that clearly shows there's enough cumulative money coming to pay interest, Social Security, Medicare and defense.
Mr. President, stop the scare tactics. Get down to business. Put together a deal that cuts spending, eliminates tax hikes, and puts this country on sound financial footing. Most Americans understand that we can no longer continue to spend beyond our means and thousands already have signed on to our Petition to Stop Spending.
It's what Americans want, it's what Americans deserve.
Senator Jeff Sessions has just been confirmed by the U.S. Senate as Attorney General of the United States. Attorney General Jeff Sessions will make an exceptional Attorney General. His understanding and commitment to the rule of law is extraordinary and badly needed in the Department of Justice –
This is a bureaucratic coup d'état. Acting Attorney General Sally Yates – a holdover from the Obama Administration – has just ordered the Department of Justice not to defend President Trump’s Executive order on securing America. Disappointed bureaucrats don’t get to pick and choose what Executive...
Tomorrow, the Senate Committee on the Judiciary is set to begin its confirmation hearings on Senator Jeff Sessions’ appointment to serve as the next Attorney General for the United States. The Attorney General is arguably a President’s most important Cabinet position. It is critical that the next...
Last week, we reported on the efforts being made to undermine the American election system with challenges being raised in Wisconsin, Pennsylvania, and Michigan. We sent our letter to the Pennsylvania election officials urging careful compliance with the law and, just days later, we filed a...