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
"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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