General Discussion
In reply to the discussion: Nth dimentional chess, poker or whatever I don't give a f*** That is NOT the point [View all]sabrina 1
(62,325 posts)Explain please what the SS fund had to do with creating the deficit.
We do not 'means test' SS. Pelosi is WRONG. This will cut the benefits of the people who OWN that fund. No one has a right to touch that fund other than the American people who own it. They did not create the deficit, that fund is solvent, the Fed Govt borrowed from the SS fund, they borrowed from China, they borrowed from Japan, and they pissed all that money away on Wars and on Tax Cuts for the wealthy. Iow, they ran up debts with our money that they could not afford.
Now please explain why the people they borrowed from should be forced to pay their gambling debts.
Should China have to pay also, Japan, because the American People's fund is in exactly the same position as China and Japan, two more creditors of the Fed Gov. They are all creditors of the US Govt and in no way would China tolerate being told they have to take a cut to the money we owe them.
Please explain why the American people should be defaulted on any more than any other creditor.