Reply #36: But why would the US reach its credit limit and not be able [View All]

to honor its debt commitments? SS did not cause this problem, and that is what he is saying. So it makes no sense to keep trying to connect SS to the current problems. Because if the Govt can't pay SS on its Treasury Bonds, it can't pay any of its other creditors either. Is the President putting all the other US Govt creditors 'on the table' also? Why just one creditor?

Is he going to tell China, eg, as he is telling the American People, 'sorry we can't honor our commitment to you on the money we borrowed so YOU are going to have to pay yourselves back?' Because that is what is being said to the American people.

And it's ludicrous. First of all the US Govt has assets so there is no and was no need to reach this point. All they had to do was let the Bush tax cuts expire, end the wars, raise taxes on the wealthy, raise the cap on SS and a couple of other sensible things like that and that is what Democrats should have done right in the beginning when they had both houses of Congress and the WH.

But it is unconscionable to be even mentioning SS in the same conversation as the Govt's debt and it MUST be paid or the US will become untrustworthy to its other creditors, IF it defaults on the loan it took from the American people.