The entity that will do it is the IRS because they already have the legal power to do it. I would bet most of us have direct deposit of some funds, so those would go in our account and right back out automatically to the IRS. If you get a Social Security check that way, perhaps they would just keep it to start with and not send it to your bank.
You bet I think this could happen. When Hussein says, as he just has, the debt is really nothing to worry about for a while, that means he is likely to take our money soon while we aren't worrying because he said don't worry.
Going totally Galt sounds more likely for me every day, just drop out like a hermit.
Every now and then, I see an offer to buy structured settlements.
How about social security, or other annuities?
The Washingtonians from both parties intend to steal everything not nailed down from those outside DC and then bug out under military protection when the collapse comes and the riots start.
An electorate that elected Clinton and Obama twice and gave algore the popular vote is no different than the Venezuelans and Cubans electing Chavez and Castro; stupid and dangerous.
It’s all over but the shouting for the 1st American Republic, it is predictably self destructing due to the imposition of Universal Suffrage.
Honest Ape mortally wounded the Republic when he brutally attacked and murdered the sons of the Founders, the last 150 years have been merely death rattle.
The USA Government will screw the USA citzens/depositer/savers in a heart beat. In fact they have a history of doing so.
FDR - for example. Made it illegal to have gold. People were required to turn it in and were reimbursed at a the required amount in dollars.
As soon as the gold was collected, they devalued the dollar so that overnight the dollar was worth about 40% less than it had been. Out right theft would have the same impact.
That’s just one example. I am not feeling the Love from our government, and the feeling is mutual in spades.