I hope I live to see this happen. I am going to go outside and scream "Free at Last, Free at Last Thank God I'm Free at Last".
Hang on there... Just because the government will default on SS and Medicare doesn't mean that they're going to stop taxing you for it. No, what they'll do is rename those taxes to something like the Safety Net Repair Tax, triple it, and collect it from you retroactively for the previous 10 years.
Actually, in the not too distant future, I can see a HUGH (so called) "one-time" tax on any private, tax exempt retirement funds set away: I know that it's already been floated around by dem consultants
Unfortunately, I can also see them both inflating the money supply AND devaluing the dollar...
Mark