i cannot guarantee they can go out on august 3rd if we haven t resolved this issue. there may not be the money in the coffers to do it. you see a lot of conflicting reports, because the board of trustees says the program has a 2.6 trillion dollar trust fund ready to go. why is president obama playing with the livelihoods or is he. joining us dennis kucinich. is the president playing politics with the social security? where do you stand. no one wants to go into default and social security is an entirely separate issue. as you reported the trust fund has a surplus and it s solid through 2037 without any changes whatsoever. it s not wise to conflate the social security trust fund with the u.s. deficit right now because it could actually end up causing seniors not to spend money, which would further slow down the economy. clayton: so, let me be
resolution. even harry reid disagrees with you, the senate majority leader. we had it up on the screen. asked president obama is he bluffing? it sounds like they re basically lying. the senator majority leader says that payments for veterans benefits and as well as social security will cease on august 7th in we don t get the debt ceiling raised. are they flatley lying to the american people. i don t get into the business of calling people liar. clayton: we have a lot of of seniors watching the show wanting to know if they ll get the paychecks and social security checks, is it their government lying to them? well, you know, the administration has to pay those checks at the beginning of august, they cannot tell the american people money is not there in the trust fund when you have the social security trustees certifying that social security has the money to pay 100% of benefits through 2037 without any changes and we should not be
clear. solvent through 2037. that means that the debt let s say that the debt ceiling doesn t get raised and we have some sort of default and major backlash. social security is fine? money is in the trust fund. you read the trust fund report. they have social security trustees we have to certify that the money is there. and we can t use social security as a bargaining chip in a in a potential default. it s not fair to the american people. now, does that mean that we don t have economic problems we shouldn t be solving? of course not. we have to get america back to work and we have to prime the pump of the economy and increase our gross domestic product and cut our trade deficit. we have to have a change in monetary policy where we quit borrowing money and sending us further into debt. constitution, article one, section 8 and gives them the power to create money. investigate in jobs and green administration and civilian conservation, you get america back to work and our economic pro
the coffers to do it. you see a lot of conflicting reports, because the board of trustees says the program has a 2.6 trillion dollar trust fund ready to go. why is president obama playing with the livelihoods or is he. joining us dennis kucinich. is the president playing politics with the social security? where do you stand. no one wants to go into default and social security is an entirely separate issue. as you reported the trust fund has a surplus and it s solid through 2037 without any changes whatsoever. it s not wise to conflate the social security trust fund with the u.s. deficit right now because it could actually end up causing seniors not to spend money, which would further slow down the economy. clayton: so, let me be clear. solvent through 2037. that means that the debt let s say that the debt ceiling doesn t get raised and we have some sort of default
asked president obama is he bluffing? it sounds like they re basically lying. the senator majority leader says that payments for veterans benefits and as well as social security will cease on august 7th in we don t get the debt ceiling raised. are they flatley lying to the american people. i don t get into the business of calling people liar. clayton: we have a lot of of seniors watching the show wanting to know if they ll get the paychecks and social security checks, is it their government lying to them? well, you know, the administration has to pay those checks at the beginning of august, they cannot tell the american people money is not there in the trust fund when you have the social security trustees certifying that social security has the money to pay 100% of benefits through 2037 without any changes and we should not be getting into a debate about social security in the center of a question of whether we go into default or not. we should not go into default. we have to add