[Babyboomer15]

Just seen a headline on my local tv news-*The Government* can't guarantee Aug. 3rd Social Security checks. If thats the case,I will call my LTD carrier-they are suppose to cover me till age 65. This is scary if it happens. Thats our money-not the government's. Maybe the USA can get a loan from China.

[Kitty]

I don't know what I'll do if my SSDI check doesn't come. I have nobody to fall back on. Guess I'll be on a mandatory starvation diet!

[untilthebell]

If that happens do they then retro pay those on disability come Sept? Or is the August payment gone for good?

Watch this video after the 12 sec add.

http://www.cbsnews.com/video/watch/?...tag%3Dfacebook

[MelodyL]

Originally Posted by untilthebell

If that happens do they then retro pay those on disability come Sept? Or is the August payment gone for good?

Watch this video after the 12 sec add.

http://www.cbsnews.com/video/watch/?...tag%3Dfacebook

I have another question. What if a person gets direct deposit on the 1st of the month. This statement by *The President* and from what I read in the newspapers indicates that checks issued on August 3rd cannot be guaranteed

Does this only affect checks on August 3rd, or does that affect people who get their checks deposited on the 1st of each month?

if someone can answer this, I'd appreciate it.

Thanks much

melody


UPDATE!!!!

Never mind. I just called Social Security. They explained about getting one's check near the Wednesday of one's birthday. So I'm supposed to get mine on the 3rd. So in essence, if *The Government* or someone doesn't raise the debt ceiling, we're all screwed.

Oh My God.

Melody

[Cblue]

Oh my God!
This is too scary! Both SSI & SSDI???

[MelodyL]

Originally Posted by Cblue

Oh my God!
This is too scary! Both SSI & SSDI???

Well, it came out of *the President's" mouth. He said 'The elderly, the disabled, the veterans", if there is no money in the coffers, there won't be any checks going out on the 3rd".........

Scary to think about this.

This is affect the entire elderly population of the United States, as well as all the disabled. I wonder if he is just saying this just so he can go on tv and say "Don't worry, it's been fixed, the checks are going out"

Do you know the relief that will be in people's minds??

[lefthanded]

It really is up to Congress to raise the debt limit . . . not the President. Obama was just reiterating that the inaction by Congress is jeopardizing the operations of the government. Actually, Social Security has a surplus in its account, and contributes nothing to the debt.

[Victor H]

If the debt ceiling is not increased to pay for the debts that we have already accumulated (which is the nature of the debt ceiling - paying for waht you already purchased, kind of like paying a credit card bill), then nobody will get paid (SSDI), and only a small amount of bond payments can be serviced.

The problem is that the new House members are actually quite ignorant about what the debt ceiling means. Far too many of them think that it is a means by which cash can be generated for domestic expenses (just listen to them on CSPAN and you will see how ignorant they are).

This is very much like what happened in 1937-1938 and the result was a disaster.

Remember who votes against an increase in the debt ceiling (write down there names) and then vote them out of office.

This is worse economically than anything we have seen in our lifetimes, I assure you.

If one side can get off of the "no tax reform platform" then we will be fine. If not, then our AAA credit rating will drop and there will be a world-wide Depression accoring to Harvard and Yale economists.

Don't be shocked if the President uses his ace in the hole and inacts a portion of the 14th Ammendment to solve this problem.

As a precaution, store food supplies now.

[MelodyL]

Originally Posted by Victor H

If the debt ceiling is not increased to pay for the debts that we have already accumulated (which is the nature of the debt ceiling - paying for waht you already purchased, kind of like paying a credit card bill), then nobody will get paid (SSDI), and only a small amount of bond payments can be serviced.

The problem is that the new House members are actually quite ignorant about what the debt ceiling means. Far too many of them think that it is a means by which cash can be generated for domestic expenses (just listen to them on CSPAN and you will see how ignorant they are).

This is very much like what happened in 1937-1938 and the result was a disaster.

Remember who votes against an increase in the debt ceiling (write down there names) and then vote them out of office.

This is worse economically than anything we have seen in our lifetimes, I assure you.

If one side can get off of the "no tax reform platform" then we will be fine. If not, then our AAA credit rating will drop and there will be a world-wide Depression accoring to Harvard and Yale economists.

Don't be shocked if the President uses his ace in the hole and inacts a portion of the 14th Ammendment to solve this problem.

As a precaution, store food supplies now.

Storing food is fine, I sprout, so I have my seeds. But what happens to the entire population over 65 and the disabled, who use their social security check to pay the rent?

What the H will happen to all of US!!!!???

I'll say it again.

SCARY!!!

[Babyboomer15]

What happens to everyone's Medicare if the August SS checks aren't sent out?