Obama Says Social Security Payments Could Be Affected If Debt Ceiling Is Not Raised
October 7th, 2013|
October 4, 2013
A total of 57 million United States citizens currently receive some sort of benefit from the federal government through the Social Security Administration. With the government in the midst of a shutdown though, many recipients are questioning how the event will effect the benefits they receive.
The Social Security Disability Lawyers with Fleschner, Stark, Tanoos & Newlin point out that while officials have stated the shutdown would not effect payments of benefits, President Barack Obama stated yesterday that payments could be effected if a resolution is not found soon.
According to an article published by The Huffington Post, payments are currently continuing to be made because the budget for those payments was decided upon last year. Obama claimed though, that if a budget is not decided upon by the end of the month, the funds currently being used could dry up. Without a decision on how much is needed for the coming year, payments could be frozen.
A similar crisis was narrowly averted in 2011 when controversy was swirling around raising the debt ceiling. Ultimately, a stoppage of payments was avoided by bumping up the national debt.
The law firm’s team of attorneys recognize how important Social Security Disability Benefits are to millions of Americans and are hopeful a timely resolution can be reached so that those in the most need are not forced to struggle financially.