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Will Reaching the Debt Limit Affect Social Security Payments? - Wall Street Journal

No doubt with all the media coverage surrounding current negotiations over the so-called “debt limit” which will be reached early next month, many seniors are getting nervous about whether their Social Security payments will arrive on time. Rightfully so, it would appear, because many of Washington’s “cognoscenti” sure seem to be holding Social Security up as a red flag while debt limit negotiations continue. That is certainly evident in this Wall Street Journal article by Anne Tergesen, which implies that despite Congress having the ability to avoid any cuts to Social Security because the debt limit is reached, payment delays may nevertheless occur. The sad part is, Social Security seems to be held hostage during the political negotiations over raising the debt ceiling, but as one pundit puts it “lawmakers really do not want over 60 million people mad at them.” Click here to read the Wall Street Journal article about whether reaching the debt ceiling will affect your Social Security benefit payments.

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