A trio of conservative Republicans said Wednesday that House Speaker John Boehner (R-Ohio) should not believe President Obama on whether the country will default if Congress does not vote to raise the country’s debt ceiling by Aug. 2.

“I would encourage the speaker not to believe the president anymore, because the fact is that if he does his homework, he will find that there is such as thing as the Social Security Trust Fund,” Rep. Louie Gohmert (R-Texas) said at a news conference with Reps. Steve King (R-Iowa) and Michele Bachmann (R-Minn.), who is running for president.

King charged that the president was making a “veiled threat” by saying Tuesday that he cannot guarantee that seniors would receive their Social Security checks if the debt limit is not raised.

“We don’t believe that for a moment,” Bachmann said. “There are sufficient funds in the Social Security Trust Fund right now to ensure that they get checks.”

The three Republicans spoke at a Capitol news conference Wednesday announcing the “PROMISES Act,” a bill they argue would allow the country to avoid default on Aug. 2.

Gohmert said that the Social Security Trust Fund “will be able to pay checks for many months to come.”

“So I would encourage our speaker to quit believing the president when it comes to these scare tactics; there’s money there no mater what we do,” he said.