Obama: Social Security Checks Threatened If Debt Ceiling Deal Isn't Reached

Already on the table are more than $1 trillion in discretion­ary 10-year spending cuts and hundreds of billions more in changes affecting farm subsidies, college aid and retirement benefits for federal workers. Additional savings from health care programs like Medicare and Medicaid are in the offing, as well as a potential $300 billion change in the government­’s inflation calculator affecting Social Security benefits and some revenues.


http://www­.washingto­npost.com/­business/e­conomy/in-­debt-talks­-obama-off­ers-social­-security-­cuts/2011/­07/06/gIQA­2sFO1H_sto­ry.html
About Debt Ceiling
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