At Monday’s debt limit press conference, President Obama claimed: “With respect to Social Security, Social Security is not the source of our deficit problems.” This is simply false. The Social Security Board of Trustees 2011 Annual Report found that Social Security added $49 billion to last year’s budget deficit and is projected to add another $46 billion to this year’s deficit.◼ THREAT: Obama says he cannot guarantee Social Security checks will go out on August 3 - CBS
FactCheck.org fact checked a similar claim by Senate Majority Leader Harry Reid, D-Nev., earlier this year.
Mr. Obama told Pelley "this is not just a matter of Social Security checks. These are veterans checks, these are folks on disability and their checks. There are about 70 million checks that go out."◼ Obama: If We Don’t Get a Deal, I Can’t Guarantee We’ll Be Sending Out Social Security Checks on August 3rd - Michelle Malkin