Bonds don’t get paid back by the people who bought them. They get paid back by the people who sold them (the government). In this case, the SS administration uses its surplus to buy bonds from the general treasury. The only question is whether the money to pay off those bonds comes from higher SS taxes or higher taxes elsewhere (income, cap gains, etc)?

“Debt doesn’t bother the government, now does it?”

Nope. But the taxpayers pay back that debt, so the fact that they’re hiding deficit spending by “borrowing” from social security surpluses should make us all upset.

“Another part is to privatize it and throw everyone on to the stock market forces. It has done okay the last 3 years, but I lost half of my money in the bubble crash in 2001. Some lost 75%. It was 6 trillion dollars lost. That money didn’t disappear, it went in the pockets of the same people that want all our Social Security. Forget that idea.”

Forget privatization. Why don’t we just means-test the program? That way you can get your class-warfare jabs in at rich people (i.e. they don’t get SS benefits) and I don’t get my taxes raised. And neither of us have to watch the government stick their grubby, over-regulating hands deep into the heart of the stock market. How’s that for a happy medium?

Considering the fact that the reason Social Security is going to be hard to pay back is because of the tax cut during a war which the average working person doesn’t want, then let those who have proffited from the war pay back the bonds.

The amount of the ceiling of Social Security should be deducted from any taxes to pay Social Security back.

Those bonds are special because FDR knew even then there were those who would try to destroy Social Security. The SS bonds cannot be bought by anyone but the government so they can’t be sold to people who wouldn’t pay them back. The government can borrow the money to pay those bonds off. Debt doesn’t bother the government, now does it?

The reason that there is going to be a problem at all in the future is because the cold hearted, cheap conservatives are shipping our jobs overseas, so there won’t be enough good paying jobs.

If business succeeds in screwing any generation out of Social Security, I promise you I will never buy American products again.

Part of this push is so insurance companies can sell annuities. It is already written in a bill that people with private accounts in lieu of Social Security will have to put above poverty level money in annuities. That costs about $300,000 to draw $10,000 and that is not inheritable.

Another part is to privatize it and throw everyone on to the stock market forces. It has done okay the last 3 years, but I lost half of my money in the bubble crash in 2001. Some lost 75%. It was 6 trillion dollars lost. That money didn’t disappear, it went in the pockets of the same people that want all our Social Security. Forget that idea.

SSTF monies are nothing like Treasury bonds sold on the open market. There are no bonds that I can access in the SSTF, so I cannot possibly get a hold of any to give to you.

Besides, all bonds are government debt. Government debt inevitably has to be paid for by someone. Who’s going to pay for it? Taxpayers.

Read up on the SSTF a bit more, you’ll be surprised at what you find.