Today, Congressman Jon Runyan (NJ-3) joined other House Members on the Capitol grounds urging the President to provide an immediate and explicit public commitment that the Administration will meet its obligations in paying our Military and Medicare and Social Security recipients in the event the debt ceiling is not raised.
Congressman Runyan stood with over 10 Members as they publicly announced the delivery of a signed letter sent to the White House. The letter was written after recently made statements by Treasury Secretary Geithner indicating that the United States Government would go into default, if no debt ceiling agreement could be reached by August 2nd. Earlier this week in an interview with CBS news, the President suggested that a failure to raise the debt ceiling by August 2nd could mean that seniors would not receive their Social Security checks.
Countering such claims, the letter highlighted projections from the Congressional Budget Office (CBO), which note that enough revenue currently exists to keep the government from reaching such an outcome. Further, the letter demands clarification and assurance from the President that payments will indeed continue to be made to the nation's military personnel and that seniors would receive their Social Security and Medicare.
"No one wants to see the U.S. default on its debt, but telling Americans that the government will be unable to make these payments is a scare tactic by this Administration and shows a lack of leadership," said Runyan. "As this letter states, regardless of whether a final agreement is reached by August 2nd, CBO figures indicate that revenues will continue to come into the federal government. I urge the White House to make a solid commitment to make both interest payments on time as well as meet the obligations for our Military and those who depend on Social Security and Medicare."