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Friday, July 29, 2011

Delayed Social Security Payments May Prevent Default But Would Cause Disaster

Delayed Social Security Payments May Prevent Default But Would Cause Disaster
Debt Default

NEW YORK -- As the Treasury Department prepares to hit the swiftly-approaching debt limit with no agreement to lift it in sight, fears are growing that the government might opt to skip the next round of Social Security payments.
Experts warn that the program is such a vital source of support for so many low-income and elderly Americans that even one delayed payment could trigger a domino effect, sending millions of househ

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