"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.Congressional leaders understand that the debt limit is not the problem, national spending is the problem, and changing the debt ceiling now will only push off for tomorrow what must be faced now before it is beyond our ability to control it. The president has refused to meet with congressional leaders until just recently, allowing the debt situation to come to a crisis, all the while demagoging the issue by claiming the nation will face economic catastrophe if the United States does not do as he says and raise the debt limit. Meanwhile, the president has been running 1.5 trillion dollar annual deficits and forced a "stimulus" program through the congress which had no net stimulative effect. Unemloyment, which in December of 2008 stood at 7.2%, with 11.6 million workers unemployed, has now two years later risen to 9.2% and 14.1 million unemployed, a total 2.5 million less jobs now than when he took office. Meanwhile, the president chuckles over the old shovel ready job gag. I wonder if the chuckling throws him off while he's out on the links?
Meanwhile congressional leaders are expected to hold another round of negotiations with Mr. Obama at the White House Tuesday afternoon on long-term deficit reduction, but the republicans thus far have been unwilling to raise taxes during the current recession, while the president has no interest other than to raise taxes, and is willing to scare seniors to try to get what he wants.
Mr. Obama told Pelley "this is not just a matter of Social Security checks. These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out."Nice.