Veterans benefits, Social Security and Medicare payments, and SNAP could be among the first federal

[mystery-ak]

Veterans benefits, Social Security and Medicare payments, and SNAP could be among the first federal programs at risk if the US defaults in 10 days, a new analysis says

Ayelet Sheffey
Mon, May 22, 2023 at 1:41 PM CDT

    The US could default on its debt in as soon as ten days if Congress doesn't raise the debt ceiling.

    The Bipartisan Policy Center estimated which federal programs would be at risk in the days following a default.

    Social Security and Medicare payments, veterans benefits, and SNAP could be among the first to go.

A new analysis illustrates which federal programs could be the first to go unpaid if Congress fails to raise the debt ceiling in a matter of days.

Last week, the think-tank Bipartisan Policy Center published an analysis on the federal programs that would be at risk in the first days and months following a default on the nation's debt. Treasury Secretary Janet Yellen warned Speaker of the House Kevin McCarthy that the US could run out of money to pay its bills as soon as June 1, but even with the severe time crunch, McCarthy and President Joe Biden have yet to reach an agreement on raising the debt ceiling before that deadline.

The US has never defaulted on its debt, so no one can say with certainty what will happen once the government can no longer afford its spending obligations. But the Bipartisan Policy Center used daily Treasury statements, which it said are "subject to significant uncertainty and variability of cash flows," to estimate which federal programs could be among the first at risk in the event of a default.

In the first ten days of June, the government could be unable to afford the following programs:



Bipartisan Policy Center analysis of federal programs impacted by potential debt default.Bipartisan Policy Center

    Veterans benefits

    Medicare

    Medicaid

    Social Security

    Tax refunds

    Military retirement

    Federal salaries

    SNAP benefits

    And education programs.

Along with the daily Treasury statements, the analysis is based on historical financial data, a Congressional Budget Office analysis of spending and revenue growth, and adjustments for changes in revenue and spending due to the pandemic aftermath and inflation.

more
https://www.yahoo.com/news/veterans-benefits-social-security-medicare-184111711.html

[Hoodat]

If that's what the Biden regime chooses to cut.  Their call.

[libertybele]

If that's what the Biden regime chooses to cut.  Their call.

Exactly.  It is Brandon & Company who will throw Granny over a cliff and they are just evil enough to do so in order to play the blame game.

[mystery-ak]

Well we won't have a check on the 1st...

[Hoodat]

Well we won't have a check on the 1st...

At least the State Department had enough money to pay for a drag show in Peru.

[roamer_1]

Well we won't have a check on the 1st...

Sure you will.

Of COURSE they are going to raise this threat - All the services that matter to the people, hard money they are giving to the folks... So everybody raises a scream of holy hell.

And of course it will work, and of course they will just print more money.
The Republicans surrendered the issue long ago.

Surrendered BECAUSE this is what they will cut first.

[Wingnut]

Well we won't have a check on the 1st...

Bullshit. 

[libertybele]

Well we won't have a check on the 1st...

@mystery-ak  They are evil enough to withhold SS $$ to prove a point, otherwise I would call their bluff.  They're using the threat of defaulting on social security as a huge scare tactic hoping for a huge pushback from the public.   It isn't their money -- we were forced to pay into the system, let them default on something else. 

I know ... stop giving $$ to Ukraine and use some of that money to give Americans an extra check or two or three 



Should they not payout SS on time, we should bombard the WH lines and demand interest payments.

Gee, imagine if they don't pay out SS for a couple of months ... voila ... think of all the extra $$ they're holding on to.

[roamer_1]

@mystery-ak  They are evil enough to withhold SS $$ to prove a point, otherwise I would call their bluff.  They're using the threat of defaulting on social security as a huge scare tactic hoping for a huge pushback from the public.   It isn't their money -- we were forced to pay into the system, let them default on something else. 

I know ... stop giving $$ to Ukraine and use some of that money to give Americans an extra check or two or three 

Should they not payout SS on time, we should bombard the WH lines and demand interest payments.

Gee, imagine if they don't pay out SS for a couple of months ... voila ... think of all the extra $$ they're holding on to.

The only way things will ever change is to call their bluff. And for a long time. Because every time you call, and then don't ante up, that will only raise the bar the next time - because they think you won't really do it. To fix it s going to require a whole lot of suck.

[Hoodat]

@mystery-ak  They are evil enough to withhold SS $$ to prove a point, otherwise I would call their bluff.  They're using the threat of defaulting on social security as a huge scare tactic hoping for a huge pushback from the public.   It isn't their money -- we were forced to pay into the system, let them default on something else.

They'll do it out of spite.  No different than when Obama shut down the parks and monuments.

[Hoodat]

The only way things will ever change is to call their bluff. And for a long time. Because every time you call, and then don't ante up, that will only raise the bar the next time - because they think you won't really do it. To fix it s going to require a whole lot of suck.

Yep.

[Wingnut]

It as all bullshit.  No one will miss a payment..  But if they do ...which they wont it is all bullshit.  So sit back and relax people.  We have Biden. We will all ride high again.



https://www.youtube.com/watch?v=75CRbGSi4FQ

[mystery-ak]

@mystery-ak  They are evil enough to withhold SS $$ to prove a point, otherwise I would call their bluff.  They're using the threat of defaulting on social security as a huge scare tactic hoping for a huge pushback from the public.   It isn't their money -- we were forced to pay into the system, let them default on something else. 

I know ... stop giving $$ to Ukraine and use some of that money to give Americans an extra check or two or three 



Should they not payout SS on time, we should bombard the WH lines and demand interest payments.

Gee, imagine if they don't pay out SS for a couple of months ... voila ... think of all the extra $$ they're holding on to.

It's not SS...it's Military retirement...we get SS 2nd Wed ea month

[mystery-ak]

It as all bullshit.  No one will miss a payment..  But if they do ...which they wont it is all bullshit.  So sit back and relax people.  We have Biden. We will all ride high again.

I know it's all bullshit...but I remember years ago Clinton and Newt went through this and we didn't get paid...we were told to file for unemployment and food stamps...if I remember correctly this went on for almost two weeks....our boys were small and we had no savings..as soon as this was solved we were cut checks...at the time it was very upsetting.

[sneakypete]

Veterans benefits, Social Security and Medicare payments, and SNAP could be among the first federal programs at risk if the US defaults in 10 days, a new analysis says

Ayelet Sheffey
Mon, May 22, 2023 at 1:41 PM CDT

    The US could default on its debt in as soon as ten days if Congress doesn't raise the debt ceiling.

    The Bipartisan Policy Center estimated which federal programs would be at risk in the days following a default.

    Social Security and Medicare payments, veterans benefits, and SNAP could be among the first to go.

 

Why not cut payments to illegal aliens for  housing,food,utilities,medical care,spending money,etc,etc,etc?

Not to mention cutting welfare to Americans to a minium,as well as cutting ALL pay to the congressional SOB's that are at the heart of this program,because THEY are the ones that passed all the spending bills into law that are bankrupting us.

Since I am elderly,physically unable to work,and dependent on my VA and SS checks to live,expect me to get ugly if they are cut off. After all,what do people like me have to lose,other than a quick death instead of a slow one?

BTW,for all/any of you feral "law enforcement"(roflmao!) officers who MIGHT be reading this,you  don't really  need to be worried about a crippled old man like me that even has trouble walking,but you MIGHT want to consider all the injured and unable to hold jobs combat veterans of the recent decade or so,and how they and their families think about them losing their homes and starving to death while Congress keeps the Ghettos and the ilegal aliens fat,happy,and cosy in goobermint housing.

The only think I can figure is the billionaire boys club people who own you bastards plan on flying out to their private islands to live until the dust settles. On the other you,THEY AND THEIR FAMILES are going to left behind as a rear guard. Betcha they are just thrilled to pieces over that. Wouldn't even be surprised if they decided to take their government airplanes,boats,and drop in to pay you a visit.

[christian]

It doesn't matter as long as the evil Trump was defeated. Stop the bitching, yah got your way, celebrate, celebrate, YOU and Joe got your ways,  celebrate, celebrate, dance, dance, dance!
 

[Hoodat]

Why not cut payments to illegal aliens for  housing,food,utilities,medical care,spending money,etc,etc,etc?

If we did that, then there wouldn't be any illegal aliens.

[DefiantMassRINO]

... I'll meet your veterans' benefits and raise you Foreign Aid, PBS, US Dept of Education, National Endowment for the Arts, and auction off land currently managed by the Bureau of Land Management.

 

... Spotted Owls gotta die for Dems to reduce spending

[Smokin Joe]

@mystery-ak  They are evil enough to withhold SS $$ to prove a point, otherwise I would call their bluff.  They're using the threat of defaulting on social security as a huge scare tactic hoping for a huge pushback from the public.   It isn't their money -- we were forced to pay into the system, let them default on something else. 

I know ... stop giving $$ to Ukraine and use some of that money to give Americans an extra check or two or three 



Should they not payout SS on time, we should bombard the WH lines and demand interest payments.

Gee, imagine if they don't pay out SS for a couple of months ... voila ... think of all the extra $$ they're holding on to.

Well, they could have saved a buttload of $$ just turning those illegals around at the border (wall).