Can President Obama keep paying Social Security benefits even if the debt ceiling is reached?

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The Washington Post

Can President Obama keep paying Social Security benefits even if the debt ceiling is reached?

Jason J. Fichtner | Jul 13, 2011

Jason Fichtner was cited in the Washington Post’s “Fact Checker” about ways to keep paying Social Security benefits if the debt ceiling is reached.

But others, including Jason J. Fichtner, a former deputy Social Security administrator during the Bush administration now at George Mason University, believes this explanation is unsatisfactory. He notes that Social Security holds $2.6 trillion in special-issue Treasury securities. Those bonds are part of the $14.3 trillion debt amassed by the U.S. government, and benefits are paid out of those securities.

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