Talk about chaff.......
joe, now just exactly how is the government going to redeem those bonds??
The people already paid once in FICA Taxes, the government spent the money, and then issued a bond from itself to itself, so please inform those of us who disagree with your premise exactly where the government is going to get the money to redeem those bonds?
There is only one place the government can get money, and that is from the Tax Payer.
or
The Government can create money with the printing press, and we are already seen what happens with that......inflation.
So where is the Government going to get the money? Especially since we already have a National Debt of;
$13,727,147,399,038.59
Ahh poor mr. roam, bottom line, private contractual rights hold no weight compared to AAA rated government obligations.
Government needs to restructure Social Security and the American health industry of that there is no question. But Republicans/Tea Partiers are completely devoid of equitable or financially sound solutions.
Two, private contractual obligations that you keep touting as the solution are worse than government backed solutions as previoulsy pointed out. You keep engaging in errors of logic, trying to equate public and private finances...back to the old apples and horses comparisons.
Governments can increase taxes and governments can print money. Yes there are economic consequences if government increases taxes or prints money. But there are also economic consequences if the government fails to make good on its promises. You focus on the ant in the road and totally ignore the semi that is 3 seconds away from your annihilation.