Even if the debt ceiling is not raised, we have the money to pay for essential programs and the interest on our debts. If social security checks don’t go out, it’s because President Obama chose to not send them out.
In the President’s game of chess, the aged, handicapped and the military are the pawns.
“…Despite all the rhetoric and posturing we see in the media and in Washington D.C., it is safe to say categorically that the U.S. Treasury will not default on its debt after August 2nd, even if the debt ceiling is not raised. Not only will the Treasury be able to pay interest on U.S. debt obligations, but there is money for other essential programs as well. However, there will be some serious cutting that has to happen because spending clearly exceeds revenues…” Read here: Market Watch