In what appears to be lock-step with the Democratic talking points on Social Security as it relates to the debt ceiling crisis, CBS news anchor Bob Scheiffer made the rather brazen, and, rather inaccurate statement that millions of Americans ”may not get their next [Social Security] check if the debt ceiling crisis is not resolved.”
Now where have we heard that before? Earlier today, The Blaze reported that Rev. Al Sharpton went ballistic when he was criticized by a caller on his radio program for misleading the public to believe they might not receive their Social Security payments if the government defaults on its debts.
Now, ever the alarmist, Scheiffer has reportedly made the same assertions on air three separate times between July 22 and July 26.
Contrary to the CBS host’s sky-is-falling rhetoric, however, NewsBusters alleges that there is enough federal revenues and authorized expenditures to pay for the entitlement:
Fear mongering notwithstanding, there is actually enough money to pay the checks to those who depend on Social Security. On July 8, The Weekly Standard cited a study from the Bipartisan Study Center which “projects there will be $172 billion in federal revenues in August and $307 billion in authorized expenditures. That means there’s enough money to pay for, say, interest on the debt ($29 billion), Social Security ($49.2 billion), Medicare and Medicaid ($50 billion), active duty troop pay ($2.9 billion), veterans affairs programs ($2.9 billion).”
But why let data like that get in the way of a good narrative?
Read More at the Blaze By Tiffany Gabbay, The Blaze
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