The Social Security Administration has begun warning the public it cannot guarantee full benefit payments if the debt ceiling isn’t increased. (But the government can pay $47,174 for a mechanical bull.) The agency made the following statement: “Unlike a federal shutdown which has no impact on the payment of Social Security benefits, failure to raise the debt ceiling puts Social Security benefits at risk.” Bull! Our government takes in $250 billion a month, or $3 trillion in a year. In other words, it has sufficient funds to not only pay its social security obligations but the interest on the debt, medicare & medicaid, veteran's benefits, and defense. Such a statement being made by the Social Security Administration is nothing but a "Scare Tactic," which is shameful.
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