{"id":1389,"date":"2023-12-01T11:39:57","date_gmt":"2023-12-01T11:39:57","guid":{"rendered":"https:\/\/nammatech.com\/?p=1389"},"modified":"2023-12-01T11:39:57","modified_gmt":"2023-12-01T11:39:57","slug":"will-social-security-be-affected","status":"publish","type":"post","link":"https:\/\/nammatech.com\/will-social-security-be-affected\/","title":{"rendered":"Will Social Security be Affected by Debt Ceiling?"},"content":{"rendered":"\n
The United States has reached a significant limit on its debt, known as the debt ceiling. This could potentially impact aid for Social Security and Medicare for citizens. The main goal is to prevent default on the country’s debt which reached its legal limit on January 19th. <\/p>\n\n\n\n
The debt limit, also known as the debt ceiling, is the upper limit on how much money the U.S government can borrow to cover its legal commitments, including essential programs like Social Security, Medicare, military salaries, tax refunds, debt interest and other types of payments.<\/p>\n\n\n\n
The government can only borrow money up to the debt ceiling limit, and if it reaches that limit, it must either raise the debt ceiling or default on its debts. This limit is intended to provide a check on government spending and borrowing, but it has been a contentious issue in recent years, as some lawmakers argue that it should be raised in order to avoid defaulting on the government’s debts.<\/p>\n\n\n\n