Will The August Social Security Checks Come Out On Time?
Read this detailed report from the Los Angeles Times on how the debt ceiling talks broke down and tell me that you're still optimistic that the debt ceiling will be raised in time to prevent delays in issuing Social Social checks. I will grant that I have said in the past that we should watch the stock market to see how serious the threat is and the stock market may have been a bit nervous but there has been no sign of collapse. It's hard for me to believe that anything other than the rapid collapse of financial markets will bring about a resolution of this problem.
By the way, notice that Republicans wanted to delay the announcement that they were withdrawing from talks with the White House until after the stock market had closed for the week. We'll have to watch to see what happens on Monday.
Labels: Debt Ceiling
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