Reply #61: I share your frustration

[hfojvt]

And it seems like we have very little disagreement really. "Honoring the bonds" is the same thing as "honoring its promise to seniors". Only I would say workers because the promises are being made to people who are not currently seniors.
However, your semantics of calling the bonds "worthless IOUs" is to me the first step down the road of "not honoring the promises made to workers". The bonds are not meaningless, and the money is not coming out of general revenue. It is a repayment of the money that was put into general revenue. It needs to be seen in that light to refute the people who would ratchet taxes up on working people rather than tap into general revenue.
The trust fund is only as empty as the integrity of the Congress and the President. Which as it stands, is pretty empty, but that is not a fact of accounting, it is a result of Republican fiscal policies. The money has been spent or borrowed, but it is not looted until Congress refuses to pay it back. People who ask "pay what back?" are only enabling the theft.
Srepeej.