debt limit

What Will the Budget Mess Mean for Seniors and Social Security?

How will Washington’s ongoing budget crisis affect seniors? Not much, at first. But it could become very costly in just a few weeks. One big unresolved question: Will Social Security benefits be paid if the government breaches the debt limit? Many seniors programs will continue to operate for at least a while. For now, Social Security checks are going out [...]

What the Debt Deal Will Mean for Long-Term Care Services

At first glance, it looks like Medicaid and other key government programs for the frail elderly and others with disabilities avoided a major hit in the debt limit agreement reached by Congress today. But in truth all of these programs remain in severe jeopardy. The complex deal calls for several stages of deficit reduction. The first is a cut of $25 billion [...]