By Michael Bates —— Bio and Archives--July 14, 2011
“Yesterday a worried Treasury Secretary . . . sent a letter to (the) House Speaker . . . listing the consequences if the debt bill was not sent to the President immediately. Social Security checks totaling $8 billion already in the mail would not be cashed and other checks for civil service retirement, veterans payments and government operating costs would not be honored as of today, he said.”
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