In a recent article from the New York Times, it was reported that Treasury Secretary Janet Yellen told Congress that inaction on raising the debt limit could lead to a self-inflicted economic recession and a financial crisis. She also said that failing to raise the debt ceiling could affect programs that help millions of Americans, including delays to Social Security payments.
This is exactly why The Senior Center has been fighting to strengthen and preserve the Social Security Trust Fund. And this is why we fight to force Congress to put real money in the Trust Fund instead of IOU’s.
If there is actual money in the Trust Fund, retired Americans won’t have to live in fear their earned benefits will be delayed while politicians play political games.
Read more of the article here:
https://nytimes.com/2021/10/06/business/debt-ceiling-social-security-medicare.html
