Daily we hear “the clock is ticking” and the government will run out of cash to pay its bills — mainly, we are told that it will not be able to pay Social Security and Medicare, etc. Seniors should be planning their finances to avoid shortfalls resulting from a default.
What are we to believe? Are these scare tactics to garner voter support for raising the debt ceiling (again)?
David Walker, former Comptroller General of the United States has written and Op-Ed published in “The Hill” to help us understand what’s going on.