The Reform Party of Virginia - Solutions For The People, Not The Special Interests

Reform Party of Virginia

  • Home
  • Our Solutions
    • Stop Lobbyist Bills
    • Ranked-Choice Voting
    • Term Limits
    • Jobs For Virginia And America
    • Education
    • Environment
    • Immigration Reform
    • Health Care
    • Transportation
  • New Direction (Blog)
  • Get Involved
    • Join The Reform Party
    • Volunteer
    • Become A Candidate
    • Connect On Social Media
    • Events
    • DONATE
  • About Us
    • What Is The Reform Party?
    • Core Principles
  • Store
571-477-2500
  • No products in cart.
  • Home
  • New Direction (Blog)
  • Social Security
  • Obama’s Social Security Threat

Obama’s Social Security Threat

Michael Hackmer
Tuesday, July 12, 2011 / Published in Social Security

Obama’s Social Security Threat

On Tuesday, in response to the on-going debate around raising the debt ceiling, President Obama said, “I cannot guarantee that [Social Security] checks go out on August 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers to do it.”

In my view there is something fundamentaly wrong with this statement.

Social Security is self-funded, and is a mandated item in the budget, not a discretionary spending item. How can there not be money in the Treasury to cover Social Security payments?

The government takes in over $1 trillion in individual and corporate income taxes in additional to taxes to fund Social Security, and other revenue sources. Interest on the national debt is $240 billion.

Either President Obama is committing a “grand lie” or there is something more serious going on in Washington, DC than we have been told.

Mr. Obama’s statement was made in an interview with CBS Evening News anchor Scott Pelley and can be read here.

  • Tweet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Inflation

    Consumer Prices Rose by 8.5% in March; Supplier Prices up 11.2%

    Without any plan or action to reduce inflation,...
  • 1 in 5 American workers run out of money in between paychecks

    Survey: 1 in 5 American Workers Out of Money Before Payday

    In another sign the economic policies of Democr...
  • Alistair Watson - Reform Party Mid-Atlantic Representative

    Alistair Watson Elected as Reform Party Mid-Atlantic Representative

    Alistair Watson, current Secretary and co-Treas...
  • A Reform Party Response to the 2022 State of Union

    Reform Party of Virginia Response to the 2022 State of the Union

    I’m Michael Hackmer, Chairman of the Reform Par...
  • Group of different people

    Give Voters In Virginia A Choice

    Do not let the Democrats and Republicans decide...

REFORM PARTY OF VIRGINIA

The Reform Party is a centrist, independent, and solutions-oriented political party, committed to best representing the needs of the American people.

We were founded by independent voters (the largest voting bloc in America), and remain the only political party in America to successfully change policy direction in Washington, DC, and across state capitals.

We are committed to building a strong organization, ending the corrupt two-party system, and restoring power to the people.

RECENT NEWS

VIEW ALL
  • Consumer Prices Rose by 8.5% in March; Supplier Prices up 11.2%

    April 14, 2022
  • Survey: 1 in 5 American Workers Out of Money Before Payday

    April 4, 2022
  • Alistair Watson Elected as Reform Party Mid-Atlantic Representative

    March 10, 2022

NEWSLETTER

Recieve our latest news straight to your inbox

Reform Party of Virginia © 2022 - All rights reserved - Not paid for by any candidate or candidate's committee.
TOP