Sunday, 17 July 2011
President Obama on Tuesday said he cannot guarantee that retirees will receive their Social Security checks August 3 if Democrats and Republicans in Washington do not reach an agreement on reducing the deficit in the coming weeks.
"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," Mr. Obama said in an interview with CBS Evening News anchor Scott Pelley, according to excerpts released by CBS News.
The Obama administration and many economists have warned of economic catastrophe if the United States does not raise the amount it is legally allowed to borrow by August 2.
Lawmakers from both parties want to use the threat of that deadline to work out a broader package on long-term deficit reduction, with Republicans looking to cut trillions of dollars in federal spending, while Democrats are pushing for a more "balanced approach," which would include both spending cuts and increased revenue through taxes.
The Tea Party Needs Your Help To Stop Obama
ONE TIME DONATION
So the fondest Washington hopes for a grand debt-limit deal have broken down over taxes. House Speaker John Boehner said late Saturday that he couldn't move ahead with a $4 trillion deal because President Obama was insisting on a $1 trillion tax increase, and the White House quickly denounced House Republicans for scuttling debt reduction and preventing "the very wealthiest and special interests from paying their fair share."
How dare Republicans not agree to break their campaign promises and raise taxes when the jobless rate is 9.2% and President Obama's economic recovery is in jeopardy? ...KEEP READING THE STORY
The days of knocking on doors, walking precincts and direct mail campaigning to efficiently gather voters may soon be dwarfed if the vision of a handful of Patriots comes to fruition.
An army of Conservative Smart Phone users are gathering across America. Many of them yet to discover the power they possess and how they may determine the outcome of the next Presidential election.
The days of knocking on doors, walking precincts and direct mail campaigning to efficiently gather voters may soon be dwarfed if the vision of a handful of Patriots come to fruition. While pollsters, election gurus and campaign managers are number crunching and pouring over the latest candidates' statistics, the raw power of technology is emerging very quietly and silently right under their noses and nobody is catching the scent of the greatest technological advance in the election process in U.S. history. ...MUST READ MORE
Patriots are joining the Tea Party Guard because they want to restore America and just don't know what to do next!
Good hearted Citizens can't travel to Washington, or go to rallies every weekend, but they can donate .99 cents per day!
Your .99 cents will power the Tea Party making it possible for teams to travel to Washington, meet with high-power decision makers and do that job that millions of Tea Partiers can't do. .99 cents per day is less than 30.00 per month. We can it the 29.11 program.
For less than the price of a Pizza and six pack, you can support the Tea Party in a continual and meaningful way.
Do it now. Tomorrow may be too late for America!
~~~~~~~~~~~~~~~~~~~~~~~~~~~
Posts
