Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

In reply to the discussion: Do I have this right? [View all]

left-of-center2012

(34,195 posts)
23. Social Security checks
Fri Sep 24, 2021, 12:56 PM
Sep 2021
Social Security beneficiaries may breathe a sigh of relief to know that the program’s funds will still be there to pay their checks, regardless of what happens with the debt ceiling negotiations, according to Nancy Altman, president of Social Security Works, an advocacy group focused on expanding benefits.

However, there is the possibility that a government shutdown could delay how fast that money reaches people.
Treasury Secretary Janet Yellen:
“Nearly 50 million seniors could stop receiving Social Security checks for a time,” Yellen wrote.

Social Security is “sui generis,” a legal term which means it is on its own, according to Altman.

“My reading of the law is that Social Security will not be affected and shouldn’t be affected,” she said.

https://www.cnbc.com/2021/09/22/what-debt-ceiling-woes-could-mean-for-social-security-benefits.html

Recommendations

0 members have recommended this reply (displayed in chronological order):

Do I have this right? [View all] Atticus Sep 2021 OP
Shameless? Republicans are lying, hypocritical a$$holes which makes it easy mnhtnbb Sep 2021 #1
And the debt that we will default on is the debt that tRump ran up MiniMe Sep 2021 #2
Bring it up for a clean vote. gab13by13 Sep 2021 #3
But Manchin and Synema say that we can't move to a talking filibuster. Crunchy Frog Sep 2021 #12
That was pretty funny BootinUp Sep 2021 #28
If I remember correctly from the past shutdowns .. left-of-center2012 Sep 2021 #16
The effects can be delayed, gab13by13 Sep 2021 #18
This ... left-of-center2012 Sep 2021 #22
What he said. OrangeJoe Sep 2021 #37
They Will Be Allowed To Get Away With It SoCalDavidS Sep 2021 #4
This! happy feet Sep 2021 #14
It's a promise to pay JustAnotherGen Sep 2021 #5
Just trying to hurt Biden and this country BlueJac Sep 2021 #6
Agree, own the libs and all that jazz. mitch96 Sep 2021 #8
Mitch rushed a Handmaid onto the Supreme Court underpants Sep 2021 #7
The evil that lurks in the GOP is beyond measure. Their party platfor is just toxic on every level. ffr Sep 2021 #9
I move we Pay our Bills... greblach Sep 2021 #10
Yes, they've lost all shame, and yes, they assume that they can get away Crunchy Frog Sep 2021 #11
republicans being republican. They buy, but they don't pay. Jakes Progress Sep 2021 #13
"The GOP wouldn't be that shameless" -- except they have no shame left at all Hekate Sep 2021 #15
Nope. (n/t) OldBaldy1701E Sep 2021 #17
We have to understand, they are not ashamed of their hypocrisy, they are proud of it Walleye Sep 2021 #19
It's standard procedure for Mitch McConnell MurrayDelph Sep 2021 #20
You have almost everything right. Caliman73 Sep 2021 #21
Social Security checks left-of-center2012 Sep 2021 #23
So cancel that tax break for the rich, and DOUBLE IT! RainCaster Sep 2021 #24
This!!! FakeNoose Sep 2021 #26
Glad to see you posting! And yep, you're right. CaptainTruth Sep 2021 #25
Raising it for tax cuts and tremendous defense spending during peace time IronLionZion Sep 2021 #27
Why doesn't this merit a press conference? nt live love laugh Sep 2021 #29
Yes, unfortunately Patton French Sep 2021 #30
you left off DURING A PANDEMIC Skittles Sep 2021 #31
Those fucking sacks of fuck can shove their hypocritical bullshit up their asses Blue Owl Sep 2021 #32
They count on an un-informed willfully ignorant public. And they are rewarded over and over. The Evolve Dammit Sep 2021 #33
There is no shame in today's GOP in either Senate or Congress. Ford_Prefect Sep 2021 #34
I made the mistake of reading comments under a Forbes Breaking News video Moebym Sep 2021 #35
Time to abolish the debt ceiling Wolf Frankula Sep 2021 #36
Use the same garbage bin we put the filibuster in.... diverdownjt Sep 2021 #40
So they can find a ceiling but no basement Dukkha Sep 2021 #38
Spot on Atticus... diverdownjt Sep 2021 #39
You have it exactly right ... ananda Sep 2021 #41
Yep, we'd think the republicans live in an impossible dream world. jaxexpat Sep 2021 #42
Latest Discussions»General Discussion»Do I have this right?»Reply #23