What We Fear Now
In January 1933, in his first inaugural address, President Roosevelt said, “Let me assert my firm belief that the only thing we have to fear is fear itself.”
Those words regarding the economic conditions in what came to be called “The Great Depression” were meant to encourage a troubled nation and raised FDR to iconic proportions.
In July 2011, we find ourselves in similar conditions. The two responsible branches of our government are involved in negotiations for what appears to be yet another in a seemingly unending series of increases in the legal limit to our national debt.
One party seeks to treat the symptoms by again increasing the debt limit and also trying to raise taxes to increase revenue. The other seeks to attack the underlying problem, which is ongoing profligate spending of money we do not have.
President Obama is pretending to look like a leader in the negotiation.
Recently he said, “I cannot guarantee that those [Social Security] checks go out on August 3 if we haven’t resolved this issue, because there may simply not be the money in the coffers to do it.”
This demonstrates that today we have nothing to fear but the president of the United States.
Our president seems unable to rise above Chicago neighborhood organizer.
This blatant threat to Social Security payments is illustrative. It is my understanding that the Supreme Court has held that Social Security is not considered debt as covered by the limit laws.
I also understand that Social Security receipts still exceed payments, so funding exists. If the president chooses to withhold, then we the people should respond with all legal redress possible against him.
Philip B. Starr
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