Here's a soft lie that must be debunked before it gets off the ground!

[Samantha]

10. The largest holder of U.S. debt is its citizens

This thread just addresses one part of the problem. The U.S. Government has also borrowed against other items such as Federal Government employees' pensions. I do believe that is why we hear "government workers make too much money." I do not think the government has the resources to pay that money back either.

I have to wonder about the surplus the U.S. Post Office has built up over the years, but I cannot find specifically how much that is and where it supposedly is. I believe it might be held alongside government pensions in a separate pocket. I would be amazed if borrowing against the health care and pension funds stored up by the USPO for the next 75 years (outrageous, right?) has NOT happened. I believe a large part of that money has been borrowed as well and thus we hear shut the post office down.

Also we have teachers, police and firefighters pension funds. Some states have failed to make their payments annually and also have made bad investments. So it is not surprising once again we hear teachers make too much money and firefighters and police do not get the annual raises they should be getting.

All of these pieces I believe point to a much larger picture, a picture of government influential forces are lobbying to default on debt to its citizens.

There are also corporations and monied individuals who have encouraged Uncle Sam to default on debt it owes its citizens. The only problem they see is that it would make it more difficult in the future for the government to borrow money. This is such an outrage that people would even think like this, but they simply say look at much the U.S. deficit would be lowered if Uncle Sam did default.

The only question I have is will the American people allow Uncle Sam to do this. Keep in mind Ben Bernanke himself said openly in a Senate hearing (aired on C-SPAN, I have no link but I heard him say it myself) Social Security can be repealed. My jaw dropped.

Sam