{"id":1043,"date":"2011-05-16T14:12:39","date_gmt":"2011-05-16T18:12:39","guid":{"rendered":"http:\/\/blog.beliefnet.com\/watchwomanonthewall\/?p=1043"},"modified":"2011-05-16T14:12:39","modified_gmt":"2011-05-16T18:12:39","slug":"geithner-flat-out-lying-about-debt-limit-debate-claiming-social-security-threatened-by-borrowing-freeze","status":"publish","type":"post","link":"https:\/\/www.beliefnet.com\/columnists\/watchwomanonthewall\/2011\/05\/geithner-flat-out-lying-about-debt-limit-debate-claiming-social-security-threatened-by-borrowing-freeze.html","title":{"rendered":"Geithner &#8216;flat out lying&#8217; about debt-limit debate claiming Social Security threatened by borrowing freeze"},"content":{"rendered":"<p><strong><a href=\"http:\/\/www.wnd.com\/?pageId=299105\">Excerpt From: WorldNetDaily <\/a><\/strong><\/p>\n<p>WASHINGTON \u2013 When Treasury Secretary Timothy Geithner claimed Social Security payments were threatened by a refusal by Congress to raise the debt limit, he was &#8220;flat-out lying,&#8221; says the organizer of a campaign to freeze the nation&#8217;s borrowing at $14.3 trillion.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignright\" src=\"https:\/\/photos2.fotosearch.com\/bthumb\/IDX\/IDX064\/922008.jpg\" alt=\"\" width=\"170\" height=\"128\" \/>In a letter to Sen. Michael Bennet, D-Colo., disclosed over the weekend, Geithner claimed freezing the debt limit would result in less revenue for Social Security, according to the letter.<\/p>\n<p>&#8220;If the United States were forced to stop, limit, or delay payment on obligations to which the nation has already committed \u2013 such as military salaries, Social Security and<a id=\"itxthook1\" rel=\"nofollow\" href=\"http:\/\/www.wnd.com\/?pageId=299105#\">Medicare<\/a>&#8230; there would be a massive and abrupt reduction in federal outlays and aggregate demand,&#8221; the letter said.<\/p>\n<p>Joseph Farah, the force behind the<a href=\"http:\/\/www.nomoreredink.com\/\">&#8220;No More Red Ink&#8221; campaign,<\/a>an online, grass-roots lobbying effort to persuade<a id=\"itxthook2\" rel=\"nofollow\" href=\"http:\/\/www.wnd.com\/?pageId=299105#\">House<\/a>Republicans to freeze the debt limit, says Geithner&#8217;s claim is &#8220;provably wrong&#8221; and suggests he should resign as treasury secretary if he doesn&#8217;t understand why.<\/p>\n<p>&#8220;Whether you like Social Security or not, it&#8217;s an established fact that it does not operate on borrowed<a id=\"itxthook3\" rel=\"nofollow\" href=\"http:\/\/www.wnd.com\/?pageId=299105#\">money<\/a>, it does not contribute a dime to the deficit and the fund has a surplus,&#8221; said Farah. &#8220;This is sheer political mau-mauing by Geithner \u2013 the guy who had trouble filling out his own tax return.&#8221;<\/p>\n<p>Read more:<a href=\"http:\/\/www.wnd.com\/?pageId=299105#ixzz1MXWD289j\">Geithner &#8216;flat out lying&#8217; about debt-limit debate<\/a><a href=\"http:\/\/www.wnd.com\/?pageId=299105#ixzz1MXWD289j\">http:\/\/www.wnd.com\/?pageId=299105#ixzz1MXWD289j<\/a><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Excerpt From: WorldNetDaily WASHINGTON \u2013 When Treasury Secretary Timothy Geithner claimed Social Security payments were threatened by a refusal by Congress to raise the debt limit, he was &#8220;flat-out lying,&#8221; says the organizer of a campaign to freeze the nation&#8217;s borrowing at $14.3 trillion. In a letter to Sen. Michael Bennet, D-Colo., disclosed over the&hellip;<\/p>\n","protected":false},"author":403,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[223,408,409],"tags":[402,411,398,399,410],"class_list":["post-1043","post","type-post","status-publish","format-standard","hentry","category-economy","category-seniors","category-social-security","tag-federal-debt","tag-flat-out-lying","tag-geithner","tag-raise-debt-ceiling","tag-social-security-payments"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Geithner &#039;flat out lying&#039; about debt-limit debate claiming Social Security threatened by borrowing freeze - Watchwoman on the Wall<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.beliefnet.com\/columnists\/watchwomanonthewall\/2011\/05\/geithner-flat-out-lying-about-debt-limit-debate-claiming-social-security-threatened-by-borrowing-freeze.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Geithner &#039;flat out lying&#039; about debt-limit debate claiming Social Security threatened by borrowing freeze - Watchwoman on the Wall\" \/>\n<meta property=\"og:description\" content=\"Excerpt From: WorldNetDaily WASHINGTON \u2013 When Treasury Secretary Timothy Geithner claimed Social Security payments were threatened by a refusal by Congress to raise the debt limit, he was &#8220;flat-out lying,&#8221; says the organizer of a campaign to freeze the nation&#8217;s borrowing at $14.3 trillion. 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