Social Security: Congress is Playing Chicken with a Train

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As the debt limit negotiations near resolution, the specter of a default recedes. But the lesson is that both sides were willing to play chicken with the train.

In terms of Social Security, the media has given considerable space to the possibility that benefit checks going to seniors might be disrupted in July. But that possibility should be the least of your clients’ concerns about the exhaustion of the government’s line of credit.