Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Trending News
5 Answers
- justaLv 710 years agoFavorite Answer
Its the debt ceiling, not relief.
The short answer is that at best we would get August checks, but not after that if they don't come to their senses and drop the nonsense.
We have sixty percent of what we need, and its up to Congress to decide who gets paid what. And they can't get their act together now, I don't know how they would if we default, or how they would prioritize payments, except that bondholders must get paid first.
The rest of us, the military, those on SS, those on unemployment extensions, are all out in dark unless they announce their priorities.
Its not up to the president or the Treasury dept, to prioritize payments, its up to Congress.
And they can't get their act together to prevent this in the first place.
- HobbitLv 710 years ago
That's up in the air. Te Treasury Department is drawing up an emergency plan, and Social Security is a high priority -- bu thtey have only so muc cash on hand.
Just stay tuned.
- parqueuziLv 410 years ago
It's not debt "relief." It's the opposite. It means we can borrow beyond our current limit and put ourselves in even more debt.
- How do you think about the answers? You can sign in to vote the answer.
- Warren TLv 710 years ago
IT MEANS THE GOVERNMENT IS GOING TO HAVE MAKE HUGE CUTS IN SPENDING IN ALL AREAS