Obama Sets the Stage for Another Cliffhanger.
Image by Getty Images via @daylife
If your politics are left, you can read the news about Obama’s claim that Social Security payments may not go out August 3rd here, otherwise you can read another version to the 2011 Social Security crisis here. Either way, the words are the same and it will what impact this will have on everyone. Even if the checks keep coming, just the fact that the President spoke these words changes everything.
If the left wins, Social Security checks will go out, but the money received will start a nosedive in the value of the dollar. If the right wins the payments will not be made and we will feel an immediate crash as the economy begins to make long overdue severe corrections. If there’s a compromise, we get a little less of the same scenarios. Either way I have to wonder if others understand what we’re facing now.
Obama is just using Social Security for the shock value to the largest possible voting base. The truth of the matter is that the United States has never been in this bad of a position before. Nobody knows what will happen. The only certainty for the vast majority of is that things are going to get very difficult in the future. Some haven’t even noticed, others have been struggling since the beginning of the depression 4 years ago. Some are in between and think it’s still just a really big recession.
If you think it’s only the recipients that are dependent on this steady flow of cash, I would say you’re wrong. If you think that Social Security is the only program that will have an abrupt stop, you’re wrong. It will be up to the government to decide what stops: student loans, military wages, any program funded by the Federal government stands a good chance of stopping. I hope I’m wrong, but this could become one of the most serious and dangerous crisis in our lifetime.
Considering the repeated history of the Obama administration of -
- Create a crisis involving any law that is not “progressive”.
- Create a solution that requires executive action to override the law of the land in order to correct the crisis.
I would say this is going to be a rough situation.
Related articles
- Obama: Debt dispute threatens Social Security (content.usatoday.com)
- Obama: Social Security checks ‘not guaranteed’ (money.cnn.com)
- Obama: No Guarantees Social Security Checks Will Go Out If the Debt-Ceiling Deal Doesn’t Go Through (slog.thestranger.com)
- Obama Warns on Social Security, Veterans’ Checks (blogs.wsj.com)
- Obama Warns Social Security Checks May Not Go Out August 3rd Without Debt Limit Deal (news.firedoglake.com)
