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Is anyone worried about the next SS check?
I'm reading all the scary stuff on yahoo, then I went to FAQ's about SS and can the checks be delayed and then I read where they have a trillion or more surplus and Obama shouldn't even be considering delaying people's checks. I remember going through this last year and people told me 'They can't stop the checks, there would be such anarchy, well they CAN'T stop the checks"
So I gather we are all in a similar situation here. Thoughts anyone?? Mel |
SS Worries
I'm not worried as the Federal programs are indefinitely funded by trust account. *edit*
Hope this helps you! |
This is what I found.
http://money.cnn.com/2013/09/30/pf/g...ers/index.html We should not have to worry. |
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I hope this does not happen. Many people depend on these checks for survival. Mel |
They can't stop the checks......I hope :winky:
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Mel |
I am more worried about another global economic collapse, but there is some reason to be concerned:
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Social Security is still a pay-as-you go system taking in enough revenue to cover the outgo. The executive branch would have to make a deliberate decision not to pay out the money it is collecting. And why would they do that except to pretend that it is their opponents fault. If all they do is continue to increase the debt without taking action to reduce the spending, every part of our society will start to crumble eventually. I currently belong to a self-proclaimed party - the VOAI - Vote Out All Incumbents. That is my plan. |
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Mel |
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I didn't know folks are still receiving "checks." I thought SS stopped doling out checks last year or earlier this year. If there was going to be any delays or stop payments, SS will inform you by letter. You mentioned something about the Daily News. Please provide a link to these articles you are referring too and/or which Daily News you are getting your info from. |
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