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Obama Needlessly Scares Seniors: Social Security Checks and the Debt Limit
Posted By Romina Boccia On October 7, 2013 @ 12:46 pm In Capitol Hill,Economics,Front Page | Comments Disabled
President Obama is needlessly scaring seniors by suggesting that their Social Security benefit checks may not arrive on time if the U.S. runs out of borrowing authority at the debt limit. The 57 million Americans who receive Social Security benefits should know that their benefits will not be affected—unless President Obama and the Treasury deliberately choose not to pay them.
President Obama threatened Social Security benefits last week, saying , “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.”
Here are three reasons why President Obama and the Treasury can continue to issue Social Security payments at the debt limit:
While Social Security is in desperate need of reform , there are at least three reasons why Social Security benefit recipients should know that President Obama and the Social Security Administration  are scaring them needlessly.
Article printed from The Foundry: Conservative Policy News from The Heritage Foundation: http://blog.heritage.org
URL to article: http://blog.heritage.org/2013/10/07/obama-needlessly-scares-seniors-social-security-checks-and-the-debt-limit/
URLs in this post:
 Image: http://blog.heritage.org/wp-content/uploads/Seniors-cards.jpg
 saying: http://www.huffingtonpost.com/2013/10/03/social-security-debt-ceiling_n_4037870.html
 they could quickly take up this bill: http://online.wsj.com/article/SB10001424052702304176904579111331134686614.html
 used this option in 1985: http://www.law.harvard.edu/faculty/hjackson/BriefingPaper41%20-%202011DebtLimitImpasse.pdf
 a law from 1996: http://www.govtrack.us/congress/bills/104/hr3136/text
 fund $2.8 trillion in additional obligations with projected revenues.: http://www.heritage.org/research/reports/2013/09/debt-limit-options-and-the-way-forward
 in desperate need of reform: http://www.heritage.org/research/reports/2013/05/2013-social-security-trust-fund-reports-massive-deficits-benefit-cuts
 the Social Security Administration: http://dailycaller.com/2013/10/04/social-security-administration-instructs-employees-to-warn-recipients-about-debt-ceiling/
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