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Old 03-09-2010, 05:29 PM   #13
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Join Date: Sep 2008
Location: Turtle Island
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Default Re: Big Cuts in Medicare and Medicaid Coming

Defaulted Loans May Haunt Seniors

by Ellen E. Schultz
Monday, March 8, 2010

A little–noticed law could soon result in smaller Social Security checks for hundreds of thousands of the elderly and disabled who owe the U.S. money from defaulted loans and other debts more than a decade old.

Social Security benefits are off–limits to creditors, such as credit–card companies and banks. But the U.S. can collect debts to federal agencies by "offsetting," or withholding Social Security and disability payments.

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