2011-07-13

Lockbox Letdown

Maybe the lockbox doesn't really exist after all? IBD discusses it.

Obama beat everyone, however, with his scaremongering claim that Social Security checks are at risk if he doesn't get his way on the debt ceiling. "I cannot guarantee that those checks go out on Aug. 3 if we haven't resolved this issue," he told CBS News, "because there may simply not be the money in the coffers to do it."

Wait! What happened to Social Security's "guarantee"? You know, the iron-clad assurance of Social Security benefits in exchange for paying into the program your whole working life? It's something Democrats constantly talk about, particularly when attacking Republicans who propose privatizing the program.

Also, Taranto on the issue.

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