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.

***

As promised you can watch Obama’s full speech here. But be careful because blood may shoot directly out of your eyes.




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29 comments
russell
russell

just read this this morning getting pretty tired of the government playing like a bunch of spoiled brats because they both cant get what they want. what about what the seniors on ssi and disability need and want. many of us rely solely on this money to live. what will happen to all of us and what will happen to those in government who don't care? tell u what they need to lose their positions in 2012. my husband and i don't want to rely on our children to pay our bills maybe all of the seniors should send their bills for the months we don't get checks to the white house to pay. how would they like that from about 70 million people receiving benefits. i know one thing, next year i will think very very hard before i vote for anyone who tries to use the elderly and seniors as dice in the gambling game. am sick and tired of their fighting. they have some much pay they should divide among all of the social security recipents,the ssi people and medicare people and then they can see how it is without any money. let us all voice our opinion to their spoiled views and tell them to think about their jobs next year if they can't take of us who pay their salaries. abosultely disgusting from tennessee

Velvet Hammer
Velvet Hammer

Direct quote, full context:

"If that happens, and we default, we would not have enough money to pay all of our bills – bills that include monthly Social Security checks, veterans’ benefits, and the government contracts we’ve signed with thousands of businesses."

Pamela
Pamela

He needs those lies. If people understood they wouldn't vote for him. He needs them to be afraid, so he can keep promising to save them.

whyimconservative.wordpress.com

Persephone
Persephone

Haaa.

But Rshill...the liberals haven't finished putting padding on everything to protect stupid people from their own stupidity...yet.

No wait.

They could just blame the resulting carnage on Conservatives and the Tea Party.

They seem to get away with blaming everything else on us.

Persephone
Persephone

"I did not...have sex...with that debt ceiling."

This seemed like panic-level demagoguery to me.

Obama and the Dems are desperate to keep the American public from seeing that the government can operate just fine with a whole lot less money.

So, what's a professional demagogue to do?

He falls back on his old talent of being an Agitator.

Agitate...give soothing words to his base...agitate some more, rinse, repeat.

A good agitator whips up a crowd, pointing at what is the cause of their misery.

Obama's natural ability to do this is what got him noticed in Chicago, and how he made a name for himself within that corrupt political machine.

Obama lies to seniors?

Of course.

Lying is what he does best.

It has served him well.

Why would he ever stop?

Andrew Smith
Andrew Smith

>>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.

Who is going to buy bonds from a government that refuses to pay its debits?

Am I missing something?

Andrew Smith
Andrew Smith

>>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.

Who is going to buy bonds from a government that refuses to pay its debits?

Am I missing something?

Andrew Smith
Andrew Smith

>>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.

Who is going to buy bonds from a government that refuses to pay its debits?

Am I missing something?

Josh
Josh

Actually, he will say that the Republicans are making the concrete shoes for seniors...

Robin Carmack
Robin Carmack

Hussein wouldn't know the truth if it slapped him right b/w his greedy, arrogant eyes. Biggest prick EVAH!

Stormwalker
Stormwalker

I am, a paid-for-by-42-years-of-work Social Security 'check collector'; I am, an earned-by-three-years-in-the-mud-of-Thailand-and-Cambodia-killing-Communists 'V.A. 'entitlement' collector'.

I know that there is Social Security money there, and I know that there is money to pay 'the military', which includes the V.A.

There is, nothing, Nichevaw nyet, zip, zero, nada, that this elected-by-idiots Socialist has said, that is a truth.

I remember, too, how many 'instant Republicans' were born, after a certain President Carter, froze all military members' checks.

Should these payment not happen, it is by President Obama's personal doing, as a punishment for a nation not not kneeling to his 'solar divinity'.

Alicia
Alicia

thank you for your service.

Mel Mackinnon
Mel Mackinnon

And yet they shot Lincoln and JFK but this ass hat is still out there.

Peter Kobak
Peter Kobak

Washington is obligated to pay Social Security benefits, but a Congressional Research Service report last month confirmed that the Treasury Department can delay them if necessary.

"Social Security benefit payments may be delayed or jeopardized if the Treasury does not have enough cash on hand to pay benefits," reads the report, which notes that the Treasury occasionally needs to issue debt to pay benefits, and a failure to raise the ceiling could make that impossible.

A Government Accountability Office report several decades ago also said it is "generally recognized" that, in the event of a national default, the government would be precluded from honoring some obligations -- including Social Security benefits, employee wages and other payments.

Source, Fox News: http://www.foxnews.com/politics/2011/07/13/report-backs-obama-warning-that-social-security-checks-at-risk-in-debt-crisis/#ixzz1TBdLImZm

therightscoop
therightscoop

He did say Social Security checks. Go back and listen again.

Joel Dick
Joel Dick

For all those that say that Bush II got us into this whole debt mess, I have a great solution. Why don't we raise taxes across the board to 90% and have NASA or DARPA use the excess "revenue" to build a time machine to take us back to the 2000 elections and create a clone of Al Gore, and have the two Al Gores run against each other.

poljunkie
poljunkie

Really? Our mortgage payments are just going to go sky high over night? Just like that? One month we pay 5% and then bam- the 30 year locked in rate just changes? Really Mr President?

David Boyes
David Boyes

i thot by now .... you'd realize ... there ain't no way to hide those lyin' eyes .... ooops will the eagles let me quote them on a conservative site ??????

Alicia
Alicia

did you check with me before you quoted me.

Shelly Sands
Shelly Sands

It has come to be expected. obowmao (no I didn't forget the caps) wouldn't know the truth if it hit him squarely, resoundingly, 200mph, between the eyes.

Cheryl Herin
Cheryl Herin

I was talking to my mom last week on the phone. She is 87 and gets my late dad's Social Security, since she never worked outside the home. She had a low opinion of Obama to begin with, but she was absolutely disgusted with him when he said last week that the checks may not go out on August 3. She thought, as I do, that he is just trying to scare old people. Now we see that he was lying about that. My mom also said she wants to live long enough to see Obama defeated next year. Contrary to what she thinks about her health, I believe she will live long enough to see that happen.

AmericanborninCanada
AmericanborninCanada

the only times dear leader does not lie, is when his mouth is closed.

Alicia
Alicia

don't forget his "lying eyes"

B-Funk
B-Funk

468 days of this guy's presidency left...