According to a Reuters report, President Obama is using the worst fear mongering tactics to frighten seniors into pressing their Congressmen to vote for a $2.3 trillion rise in the debt ceiling. In an interview on Tuesday, Obama said that checks to recipients of Social Security may not go out in early August if he and the Republican congressional leaders do not agree on a deal to raise the debt ceiling.
"I cannot guarantee that those checks go out on August 3rd if we haven't resolved this issue," Obama said in an interview with CBS, according to a transcript on the network's web site. "Because there may simply not be the money in the coffers to do it," Obama said.
In an Internet commentary on the president’s tactics, Tyler Durden of Zero Hedge, writes:
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Sam Blumenfeld (photo)