Reply #19: Say what - you mean if Congress gives the Trust the right to sell those

[papau]

Bonds on the open market, the trust would not get cash for them?

Either full faith and credit of the federal government has some value - to Japan and to the SS Trust - or it does not.

Should be interesting if the GOP assert it does not have value and Japan begins to believe them.

Clinton in 1998 asked the GOP to let the Trust get out of Gov Bonds and inro equity and real estate and non-gov bonds - seems he saw the theft of payroll taxes by the GOP that is now being attempted - and the GOP of course refused to pass that bill.

Indeed since the payroll tax surplus has financed the tax cut for the rich, what we have here is the rich refusing to pay back that debt.