Is there a lawyer in the House (Social Security and the Debt show down)

[SerriaFox]

Since Social Security is consider a "separate" program with a "trust Fund" of US IOUs could a person who receives social security sue to keep payments coming.

The Social Security Administration could sell the US IOUs in the secondary market and would continue to get income tax revenues. It would have the assets to make its expenses.

Alternatively if Obama prioritizes debt payments, could we force the Social Security Administration to sue (Obama) for equal distributions of the debt payments it would be owed and would that be enough to make payments.

And Most Important: Is the case strong enough to justify an immediate injunction.

 

[Colonel]

I would have to think if the debt ceiling were reached without it being raised we would first focus on debt payments and paying any government employees who are essential to National Security and public welfare. Basically the military, some federal law enforcement, and safety employees like TSA. The problem being even if you only paid those individuals the Fed still does not bring in enough revenue to pay for these people.

Note*Military money in a situation like this would only be military salary, and essential costs like keeping the lights on, fueling the planes, and keeping certain DOD civilians in place as critical.

 

[aw3524]

"'Trust fund' of US IOUs," lol. I feel like the real question is whether or not we can make some arrests for fraud.

 

[Rashiminos]

"'Trust fund' of US IOUs," lol. I feel like the real question is whether or not we can make some arrests for fraud.

Nope, that would be too damaging to the economy.