Tuesday, October 15, 2013

Yes, the debt fight could delay Social Security checks. Here’s how. --- There’s a theory pinging around that says no matter what happens with the debt ceiling, Social Security beneficiaries will keep getting their checks on time. Social Security is a trust fund that brings in more money than it pays out, so the theory holds that even if the United States can’t legally borrow more money, benefits must continue until the trust fund runs out. - Evidence strongly suggests that theory is wrong. - More, washingtonpost

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