Toddsterpatriot
Diamond Member
OOpYdOO:
Your link says that the FICA tax does not create a contract between individual taxpayer and the government. I said that the Treasuries in the Trust Fund represent an obligation of the Treasury to the Trust Fund. Those are different things.
Sadly you're right on this one. No obligation to the clients.. And nothing to stop the Clown College from mucking with the rules of the Trust Fund.. In fact, at any point the Treasury could inform Congress that it has no money to prop up the SS books and CONGRESS could decide any dam thing they want.
I think we saw that last month -- didn't we?
Yeah. The Tea party wanted us to default. You're right. That would have been stupid. There's not really a way we can protect much of anything from stupidity.
The Tea Party wanted us to default?
How is preventing new borrowing equivalent to wanting us to default?
Please spell it out. Thanks.