Sara Murray – you need to research how Social Security works so you won’t make stupid comments about checks not going out. The Social Security Administration hold several trillion dollars worth of treasury bonds that they are authorized to sell to meet their obligations. They have been doing that for several years as the money coming in from social security tax rate security taxes is no longer enough to cover current obligations. They won’t run out of treasury bonds for several more years. The debt ceiling has nothing to do with the government’s ability to send out Social Security checks. Just because Obama is stupid (or lying) doesn’t mean that you have to be.
No related posts.