Social Security and the Debt Ceiling Debate

Why would S.S. checks not go out on time if the U.S. doesn't raise the debt ceiling so that it can borrow more to pay its debts, unless the U.S. had to borrow the money sent out in S.S. checks?

by Jeremy R. Hammond

Oct 7, 2013 | 0 comments

“In a government shutdown, Social Security checks still go out on time. In an economic shutdown — if we don’t raise the debt ceiling — they don’t go out on time.” — President Barack Obama, October 3, 2013

Why would S.S. checks not go out on time if the U.S. doesn’t raise the debt ceiling so that it can borrow more to pay its debts, unless the U.S. had to borrow the money sent out in S.S. checks?

Seems Obama just inadvertently let the cat out of the bag on that one.

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About the Author

I am an independent researcher, journalist, and author dedicated to exposing mainstream propaganda that serves to manufacture consent for criminal government policies.

I write about critically important issues including US foreign policy, economic policy, and so-called "public health" policies.

My books include Obstacle to Peace: The US Role in the Israeli-Palestinian Conflict, Ron Paul vs. Paul Krugman: Austrian vs. Keynesian Economics in the Financial Crisis, and The War on Informed Consent.

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