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Obama ‘cannot guarantee’ benefits checks will be paid if debt deal isn’t reached (Prophetic)

President Obama warned Tuesday that retirees might not receive their Social Security checks next month if lawmakers fail to reach an agreement on how to reduce the federal debt.

“I cannot guarantee that those checks go out on Aug. 3rd if we haven’t resolved this issue. Because there may simply not be the money in the coffers to do it,” Obama told CBS’s Scott Pelley in an interview set to air tonight on the CBS Evening News.

Roughly $20 billion in Social Security checks are set to be mailed out on Aug. 3–a day after the Treasury Department says the U.S. will begin defaulting on its financial obligations unless the debt ceiling is raised.

But the president cautioned that it’s more than just Social Security checks that could be affected. “These are veterans’ checks. These are folks on disability,” Obama said, according to excerpts released by CBS News. “There are about 70 million checks that go out.”

You can watch an excerpt of the interview here, courtesy CBS News.

The president’s comments come a day after he warned of dire financial consequences should Republicans and Democrats fail to come to an agreement on raising the debt ceiling and paying down the deficit. In a press conference yesterday, Obama said if Republicans fail to compromise on a debt deal that it could “throw millions of more people out of work.” To read the whole article click here

If you have seen our recent series on last day events you know exactly what this means. In short, Time is almost finished! Get ready, Get ready!

We are told in inspiration:

“There are not many, even among educators and statesmen, who comprehend the causes that underlie the present state of society. Those who hold the reins of government are not able to solve the problem of moral corruption, poverty, pauperism, and increasing crime. They are struggling in vain to place business operations on a more secure basis. If men would give more heed to the teaching of God’s word, they would find a solution of the problems that perplex them.  {9T 13.3}

Our only hope is in a relationship with Jesus, so close that with faith and love we will follow exactly what He says (Col. 1:27).