KBTX - Health - Headlines

No Social Security Checks Without Debt Deal

By: Associated Press Email
By: Associated Press Email

WASHINGTON (AP) - Echoing President Barack Obama's warning,
Senate Majority Leader Harry Reid says Social Security payments
would stop if there is no deal to raise the government's borrowing
limit by Aug. 2.

Speaking on the Senate floor, the Nevada Democrat said flatly
that payments for veterans benefits and the military, as well as
Social Security, would cease if the government defaults on its
obligations. His statement goes beyond Obama, who said earlier this
week that he could not guarantee Social Security checks will be
issued on Aug. 3.

Later, a Reid spokesman said the senator meant to say the
payments "could" stop, which would be consistent with the
president's comments.

Republicans have called such statements scare tactics.

About 55 million Americans receive Social Security payments each
month, totaling about $60 billion.


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