Boehner agrees with OBama.
Speaker of the House John Boehner (R-OH) agrees with Obama, and not his GOP colleagues, on this one. During an interview last night with Fox News’ Greta Van Susteren, Boehner agreed that if the debt ceiling isn’t raised, Social Security is one of the programs that is on the chopping block:
VAN SUSTEREN: Congresswoman Bachmann talked to me last night about Social Security, because that wa one of the things the President said, said something about, come August 2nd, you know, maybe the checks won’t go out. Does the money from the Social Security come from a different account essentially, so that even if we do hit the debt ceiling and there is still some government shutdown, those checks still go out because the revenue from them is from people working?
BOEHNER: Ohhh, I don’t believe so. At the end of the day, it all comes out of the general fund, and the general fund is expected to be out of cash come August 3rd or August 4th, and then the Treasury Secretary would have to make decisions on what to pay and what not to pay.