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!!!

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

It is my own personal opinion that the checks will go out. You can't just push a button nor cherry pick who gets paid and who doesn't. The process (systems) is far more intricate than that and would take weeks to months to re-program. It was despicable for him to even suggest a thing. I agree with lefthanded; SS has been running a surplus.

I certainly hope you two are right. I just asked my doctor to change my prescriptions from monthly refills to 3-month refills. They're both generic so it won't bankrupt me to have them filled. I at least want to know I've got enough meds to last me a few months.

Thank God for LTD. Thats my back-up plan. I wonder if they have the funds to cover everyone that has a claim with them who is also collecting SSDI. Is SSI paid out by the states? If so,I can't see that being effected.

That's a very good question. Because they take money out of the checks every month to PAY MEDICARE.

You posted a VERY good question.

Can't wait until we get some answers.

Not everyone has their medicare payment deducted from their SS checks. Just sayin.

Yeah, but everyone I know who is on Social Security and is either on Medicare or a Medicare HMO, well they have a certain amount taken out every month and that goes to their medicare insurance coverage.

This will affect everybody if this thing is not fixed.

I'm too scared to look into it. We all need to pray it doesn't happen.

~ Teresa Marie