NEXT:: Social Security Warns Benefits Could Get Cut

http://blogs.wsj.com/washwire/2013/10/07/social-security-warns-benefits-could-get-cut/

* October 7, 2013, 2:21 PM

Social Security Warns Benefits Could Get Cut
* By Damian Paletta


The Social Security Administration has begun warning the public it cannot guarantee full benefit payments if the debt ceiling isn’t increased.

When asked by the public, the agency is notifying beneficiaries that “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,” according to a person familiar with the agency directive.

The warning was assembled after the agency consulted with the Treasury Department, which would play a lead role in determining how the government handles payments if the borrowing limit isn’t raised soon.

“Our employees started receiving questions from the public, so the agency worked with Treasury to provide an answer they could use when asked about the debt ceiling by the public,” a Social Security Administration spokesman said.

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I was wondering how long it would take them to play the old "scare the seniors" card. Next on the list will be "we'll kill a kitten everyday until we get what Massa O wants".

I wonder if they'll be discontinuing the 6.2% deduction everyone who is working and not retired is paying from every check?

 

Bout on par with wondering if they'll shut down the IRS, which by the way, they haven't.