WASHINGTON -- Republicans may be accusing President Obama of "scare tactics" in saying a default could halt Social Security checks, but House Minority Leader Nancy Pelosi says some in the GOP may actually prefer stiffing the elderly.
"I've heard some on the other side say we should pay the Chinese government before we send out a Social Security check," Pelosi said, even as she argued that leaders need to worry about reaching a debt agreement before focusing on who gets hurt if they don't.
"We do have to honor our debt," Pelosi said. "But we have to fight very hard to make sure we don't have to make those kind of choices.
Pelosi's China charge referred to legislation offered by Sen. Pat Toomey (R-Pa.) that would have ensured government holders of U.S. debt get paid first. Her words were sparked by a National Republican Senatorial Committee political memo released Wednesday for GOP Senate candidates. It accused the president of scaring seniors by telling CBS in an interview they might not get checks on Aug. 3, a day after the deadline for hiking the country's $14.3 trillion debt limit.
http://www.huffingtonpost.com/2011/07/13/nancy-pelosi-debt-default_n_897424.html