Did Barack Obama have one of those unwelcome political moments when the harsh reality of truth accidentally spills out when he said he couldn’t assure Social Security recipients that their checks would be mailed in August unless he got the debt ceiling increase he wanted?
Because, the facts are that although there is a specific Social Security trust fund in which Social Security taxes are tabulated, and the government reports there is a $2.7 trillion balance in that account, the taxes go into and the retirement and disability checks come straight out of the nation’s general fund.
That circumstance has prompted U.S. Rep. Bill Posey, R-Fla., to propose, along with half a dozen other House members, legislation that would make certain the payments to senior citizens are made in a timely manner.
The president’s comment came during an appearance recently on CBS.
Read More at WorldNetDaily By Bob Unruh, WorldNetDaily