So, when the president says that thanks to the debt ceiling “there may simply not be the money in the coffers” to send out the $20 billion in August Social Security checks, he either does not understand the way the system works, or the administration intends to spend the money on something else. Thomas R. Saving
Mr. Saving is director of the Private Enterprise Research Center at Texas A&M University and served two terms as a public trustee of the Social Security and Medicare Trust Funds. He is also a senior fellow with the National Center for Policy Analysis.
I don’t know about you, but I’m over relying on any correct information coming from this administration starting with Obama’s supicious grasp of any facts and his knee-jerk willingness to resort to bullying his constituents over the debt ceiling. It’s comforting, nevertheless, to read an op-ed piece by Mr. Saving, who is in the know.
As a voting American it’s sad to see a government “for the people” lapse into soap opera theatrics. Clear vision and decisive action has been lost on this group in Washington and it lowers the term Beltway Politics to a new level.
What will come out of this debt ceiling drama is anyones guess, but the American people are watching and taking notes. – DSMW