Social Security

[Tom Joad]

Originally Posted by donquixote99

Obligated yes, funded no. To redeem the bonds the government will have to use tax funds available at that time, or borrow.

Isn't that the same thing as when anyone buys a US Government bond?

Basically what the Republicans are saying is that they want to United States Government to renege on paying on the bonds they issued. It seems like that would put the US into Third World Banana Republic status.