Government Shutdown 2023: Impact of Shutdown on Social Security Benefits
Government shutdown fears loom as Congress and Senate struggle to agree on federal budget, potentially impacting non-essential agencies and services.
The deadline is looming for the Senate and Congress to pass a federal budget by September 30, and if they fail to do so, it could result in a government shutdown. This prospect has left many individuals concerned about the impact it will have on their personal finances and day-to-day lives.
However, it is important to note that Social Security payments will not be affected by a government shutdown. Medicare benefits and the US Postal Service will also continue to operate normally. This means that individuals should not experience any disruptions in these areas, as well as with airport travel, customs and borders, and ports.
Approximately 67 million Americans, the majority of whom are aged 65 or older, will still receive their Social Security packages. In fact, a staggering 1.4 trillion dollars is projected to be distributed in Social Security payments for 2023. Congressman Dan Kildee has confirmed that Social Security recipients will continue to receive their checks during a government shutdown.
However, new applications for Social Security cards will be impacted. These applications will not be accepted or processed during a government shutdown. On an average day, around 60,000 Americans apply for Social Security cards, which are necessary for various financial transactions such as starting a job, obtaining a loan, or opening a bank account. Therefore, during a shutdown, individuals will not be able to obtain these cards.
The government shutdown will also have consequences for non-essential federal employees, who may be furloughed. Additionally, there may be delays in government food benefits and national parks could potentially reject visitors.
The current standoff in budget negotiations is between the Republicans and Democrats. The Republicans are refusing to agree on a budget until the House Speaker initiates impeachment proceedings against President Joe Biden. They are also advocating for significant spending cuts and hold a slim majority in the House, giving them leverage in the negotiations.
Interestingly, a majority of Republicans and Democrats believe that the parties should work together to reach a budget agreement. However, the reality of the situation may prove to be different.
In conclusion, the impending government shutdown has raised concerns about its impact on personal finances and day-to-day life. While Social Security payments and essential services will continue, there will be disruptions in the processing of new Social Security card applications and potential furloughs for non-essential federal employees. The budget negotiations between the Republicans and Democrats remain at a standstill, highlighting the challenges of bipartisan cooperation.