There is no debt. No one is owed anything. It is welfare. It is taken from me and given to you (if you are retired). If I could get enough votes I could pass a law tomorrow and stop paying you tomorrow. If you could get enough votes you could pass a law and double your benefits.
Let me repeat myself...it is WELFARE.
Obama didn't pass a law (like you claim that you could), he just made promises that he can't cash. The people and countries that pay for his promises (and the laws you pass) have reached the “no mas”point. At the end of the day the tab has to be paid or at least the people who pay the tab to service the debt have to believe you are “good for it”. We are reaching the point that the world isn't believing that we are good for it. Clinton received the same bond market beatdown when he tried Hillarycare. So, your theory of passing laws to give away free money is flawed. The market has the final say.
Entitlements will soon be over. Bernanke has followed his thesis on how to avoid a depression and every step has been a fail up to the latest one, quantitative easing. That one has been thoroughly shoved up his a$$.
So, I will stick to my original comment. Sure a bunch of people have paid in expecting to get it back via SS. Reality will soon be here and many people are in for a shocking (and simple) lesson in math. Our government is heading for default if this keeps up or they will simply not have money for their programs anyway and have to cut them severely. If the .gov defaults, no one will get paid. Social security, done. Medicare, done. WIC, done. Buildings with Byrd's name on them, done. Best case scenario at this point (no .gov default) is a 50% cut in all social programs. The leech*%&ks in our society will no longer be able to sit on their couch. Voting for the latest Idol winner and collecting checks for producing carbon dioxide will not cut it when this happens.
Reality is here, it's just not evenly distributed.