Re: Debt limit negotiations
The June 2011 Monthly Treasury Report is now available and shows that Social Security receipts are still greater than outlays. In June there was a $52 billion excess, and for the fiscal year (nine months) there was a $99 billion excess.
So there is no logical reason why Social Security checks should stop, in fact there is still a surplus that will be borrowed and used to keep some other area operating.
Of course, the Treasury would have to be careful to not spend the Social Security receipts coming in for some other purpose before it was time to send us our checks.