Thursday, July 14, 2011

Republicans dismiss Social Security warning from ‘scarer-in-chief’

More than 50 House Republicans are urging President Obama to commit to making payments to military personnel, Social Security and Medicare recipients and interest on the national debt if Congress does not act to raise the $14.3 trillion debt ceiling by Aug. 2. - The Hill
...“We ask that you make an immediate, clear and unequivocal public commitment that your administration will continue to make all interest payments on time, as well as ensuring the pay of our military personnel, and making Social Security and Medicare payments in full,” reads a letter signed by 57 GOP lawmakers that was released on Thursday...

Republicans suggested the administration should first stop payments to implement the 2012 healthcare law and remaining funds from Troubled Asset Relief Program (TARP) if the debt ceiling isn’t raised...