So are all the programs in post #6 & 7 financed that way? If so Social Security is nothing but one big federal welfare program.
They should ALL be strung up imo.
I agree we have many unwise and unnecessary programs. The question I was posing, however, was simply whether we as a nation have an obligation to honor all debt incurred by our elected government or whether we will treat debt differently based on who it is owed to. Do we have the same obligation to repay the money borrowed from the Social Security fund as we do the money borrowed from the government of China. If and when we can’t repay everyone, who gets paid and who gets stiffed.