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if they do not pass the debt relief bill..does that mean...?

NO social security checks..???

5 Answers

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  • justa
    Lv 7
    10 years ago
    Favorite 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.

  • Hobbit
    Lv 7
    10 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.

  • 10 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.

  • neil
    Lv 5
    10 years ago

    SS, Medicare and Medicade, and Military are still going to get paid

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  • 10 years ago

    IT MEANS THE GOVERNMENT IS GOING TO HAVE MAKE HUGE CUTS IN SPENDING IN ALL AREAS

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