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Would a U.S. Debt Default Mean No Social Security Checks?
19FortyFive ^ | 10/6/2021 | Stephen Silver

Posted on 10/06/2021 4:19:10 PM PDT by Onthebrink

“A default could potentially — but not necessarily — delay the payment of Social Security benefits, which reach about 65 million Americans in some form,” the Times said. “It could also delay payments to government contractors, including hospitals that accept patients who use Medicare and Medicaid benefits.”

A default would also have effects that trickle down further, including to state-run programs, as well as the expanded child tax credit. The next scheduled payment from that is October 15, which is before the possible default date, although another payment is due November 15.

(Excerpt) Read more at 19fortyfive.com ...


TOPICS: Business/Economy; Government; Health/Medicine; Politics
KEYWORDS: 1of; blogpimp; clickbait; crapblog; debtceiling; economy; larrylucidope; ontheblink; pimpmyblog; pimpmylameblog; postandleave; postandrun; postthewholething; poswebsite; socialsecurity
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To: Sacajaweau

Print more money, not borrow it. Thus devaluing and money you currently have invested or under your mattress.


61 posted on 10/06/2021 6:23:58 PM PDT by Newbomb Turk
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To: crz

The national parks are about the only thing I’d let them keep.

There’s far more trimming they could do than that because if those lands are opened up, they will be destroyed in no time.


62 posted on 10/06/2021 6:32:12 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith)
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To: dynachrome

The cities would burn.


63 posted on 10/06/2021 6:33:53 PM PDT by metmom (...fixing our eyes on Jesus, the Author and Perfecter of our faith)
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To: blueplum

It’s being pays monthly since July


64 posted on 10/06/2021 6:34:20 PM PDT by gcparent (God Bless America )
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To: metmom
Nope. It would be up to each state what to do with them.

“they will be destroyed in no time.”

You mean like they have been destroyed in CA the last few years?

BTW, about 40% of the Giant Sequoias are gone because of government abuse.

65 posted on 10/06/2021 6:40:24 PM PDT by crz
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To: Reily

Great summation. Thanks.


66 posted on 10/06/2021 6:44:10 PM PDT by Qui is (Biden spews and Harris swallows.)
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To: gcparent

monthly? thanks, I didn’t know that. :)


67 posted on 10/06/2021 7:21:45 PM PDT by blueplum ("...this moment is your moment: it belongs to you... " President Donald J. Trump, Jan 20, 2017) )
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To: blueplum

Then later this year a lump sum.


68 posted on 10/07/2021 7:10:19 AM PDT by gcparent (God Bless America )
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To: Onthebrink

Only if it would benefit the RAT party.


69 posted on 10/07/2021 1:45:38 PM PDT by JimRed (TERM LIMITS, NOW! Militia to the border! TRUTH is the new HATE SPEECH.)
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