Social Security: Stealing the World's Largest Bank Account

[sabrina 1]

22. What utter BS. Do you know that the American people are creditors of the US Government

in much the same way as China and Japan? Are you ACTUALLY claiming that the US Government intends to default on one of its most important creditors, the American people, to whom they have made the same promise they make to all their other creditors, that the Treasury Bonds they have issued with the promise they are backed by the 'full faith and credit' of the US Government, are pieces of garbage??

Lol, I love these ridiculous claims that come mainly from the Pete Peterson SS propaganda machine.

Should the US default on even ONE of its creditors, this country would be finished, even more finished than it would have been IF Saddam Hussein actually had they mythical WMDs and had succeeded in using them.

If you think for one minute that this Government would risk scaring the shit out of China by defaulting on any of its creditors, ESPECIALLY the American people, I want some of what you are smoking.

The SS fund is solvent even without doing a thing to 'fix it' for the next 75 years at least. It has more than one source of income and is in no danger of not being able to pay its full obligations out to the owners of the fund, the American people for decades to come. The surplus will double by 2023 and will reach over 4 trillion dollars.

The US Government will NEVER default on its obligations to its Treasury Bond holders, which includes the SS Fund from which they borrowed to pay for Bush's fake wars and tax cuts for the wealthy. IF that ever happens, we will have a lot more to worry about than SS.

The reason we see the scare tactics is to try to get the American people to GIVE them our money, to release them from the debt they owe, but if we do not, they WILL have to raise taxes on the wealthy in order to pay back the debt to SS they owe and to keep the promise made to ALL of their creditors.

If what you claim were true, IF the Treasury Bonds actually were worthless, they would simply take the money and run. But they can't, they need OUR complicity to get away with the theft of SS otherwise, they risk totally collapsing this Government as all of their other creditors would immediately call in THEIR debt.

Please stop spreading this right wing propaganda here. We know the facts here.