Reply #15: Under the "it's only paper" reasoning ...

[TahitiNut]

There isn't a bank account, pension fund, or insurance reserve that's any different, except that the likelihood of any of them coughing up cash is even less than the Social Security Trust fund.

If the Federal government defaults on the obligations held by the Social Security Trust Fund, there will be an economic meltdown in this country that'll make the Great Depression look like a mere rehearsal. If that happens, I won't even bother to look for a crowd of the like-minded before I go, with shotgun in hand, and hunt federal politicians. Such a default would be far beyond treasonous. The urban riots of the 60's would look like campfire girls in comparison to the many square blocks around any place a corporatist tried to hide.