"Debt ceiling" and Social Security delay?
Re: "Debt ceiling" and Social Security delay?
Yes. It's the same thing with federal pensions. The money gor the ss checks for October and November are already allocated. No borrowing would be involved for those that I can see.
Re: "Debt ceiling" and Social Security delay?
This is a better
explanation.https://www.google.com/amp/s/en.as.com/en/2021/09/23/latest_news/1632389289_321699.amp.html
SS is funded by payroll taxes which are not affected by the shut down or the budget and are in a separate pot. In theory the shut down could affect delivery because of lack of staff. But since they are electronic...
Personally I think Yellen is trying to put the fear of God in congress which is not a bad thing as such.
explanation.https://www.google.com/amp/s/en.as.com/en/2021/09/23/latest_news/1632389289_321699.amp.html
SS is funded by payroll taxes which are not affected by the shut down or the budget and are in a separate pot. In theory the shut down could affect delivery because of lack of staff. But since they are electronic...
Personally I think Yellen is trying to put the fear of God in congress which is not a bad thing as such.