Green Room

Why Obama’s lie to seniors about social security checks is pure evil

posted at 12:11 am on July 26, 2011 by

Obama’s speech was replete with exactly what you would expect, from blaming Bush to blaming corporate jets to all out class warfare on the rich. But one thing he said that I found more offensive than any of it was when he was speaking directly to the American people, not in some interview, but in an address to the nation in which he lied directly to the faces of senior citizens, if you will, suggesting they may not get their social security checks if we don’t raise the debt ceiling and we in turn default. Honestly, if there was a new low that Obama could sink to, then he did tonight. Here’s the super short video so you can see for yourself:

He’s just a despicable human being to do this. It’s one thing to lie in an interview, but to lie directly to the American people in his nationwide address – I just don’t think I’ve ever seen this level of evil in the White House.

Now here is why I am so adamant about this being a lie from the pit of hell. We all know that social security checks will go out, but we may not all know exactly why. Let’s just say for the sake of argument that we hit the debt ceiling and there isn’t enough tax payer money to cover social security checks. It doesn’t matter because checks will still go out. Why you ask? Well thanks to Mark Levin’s interview with Mike McConnell tonight, we can answer that question:

Levin: First of all you wrote a piece Contrary to the President, Social Security Checks Are Not At Risk. Can you explain why that’s the case?

McConnell: Well that’s true because of the existence of the Social Security trust fund which holds some 2.4 trillion dollars in US Treasury securities for the purpose of paying off Social Security claims. Now in general that doesn’t really help our budget situation but it does mean that the debt ceiling is not a problem for Social Security.

Because if we were to hit the debt ceiling, all that the Social Security trustees need to do is to turn it some of their treasury securities for cash, which they could then use to pay of their obligations. And as they do that, that will lower the total number of US Treasuries outstanding and thus the Treasury can just turn right around and simultaneously sell new bonds to other people to make that up and that would not violate the debt ceiling.

So basically the Treasury securities can be turned in for cash and the Treasury will just re-sell them to make up that money. It’s that simple. And this isn’t rocket science in the White House. The Treasury knows this and Obama knows this as well and yet he is still willing to lie directly to the American people. I’m sorry, but where I come from we call that pure evil.

***

Cross Posted at The Right Scoop

Recently in the Green Room:

Blowback

Note from Hot Air management: This section is for comments from Hot Air's community of registered readers. Please don't assume that Hot Air management agrees with or otherwise endorses any particular comment just because we let it stand. A reminder: Anyone who fails to comply with our terms of use may lose their posting privilege.

Trackbacks/Pings

Trackback URL

Comments

I hope you didn’t expect otherwise from the POS 52% of the deluded public elected to our highest office. He can’t do basic math, neither can most of the Democrats in office, yet they expect the American people to trust them with our checkbook and the keys to our car.

Like my parents used to say, and what we should now be saying to Barry: “No, you didn’t do your chores! No allowance, no car, no parties on Saturday night!”

creekspecter on July 26, 2011 at 12:22 AM

There are millions of seniors who are very worried about this as they believe what they’re told by a president. It’s hard for them to understand that he would deliberately lie to promote himself for reelection or for other political gain. Shame on him and those like him. Each rep and senator should have held their constituents first and sent letters or emails explaining this. They send mail all the time asking for money so I’m sure they can afford to do this for the folks.

Kissmygrits on July 26, 2011 at 9:37 AM

I’m glad you didn’t use the tired old, “this is simply false” line. Obama is a lying liar who tells lies and I’m delighted to see him called out for it in no uncertain terms.

Laura Curtis on July 26, 2011 at 9:52 AM

I have it on good authority that he will be pocketing those senior’s checks as contributions for his re-election campaign.

trl on July 26, 2011 at 9:58 AM

There are millions of seniors who are very worried about this as they believe what they’re told by a president.

The old people in my life are just about to be served a piping hot mug of STFU. Baby Boomer electoral dominance – and irresponsibility – got us where we are today. They’ve had over 40 years to vote decent people into office and in spite of the fact they know they can’t continuously spend more than they take into their own households, they blithely allowed it on the national level. It’s tiresome now to hear them whine about the problem they created.

Laura Curtis on July 26, 2011 at 10:00 AM

Obama puts the ‘POS’ in ‘ POTUS’.

mrt721 on July 26, 2011 at 1:12 PM

Re: Blaming Old People…”STFU”.

Class warfare morphing into Age-group warfare. As part of the “Boomers” I cry foul. Its all women voters & other “minorities” fault.

Seriously, its the Liberals/Socialistas/Commies, Ms. STFU.

trl on July 27, 2011 at 6:19 AM