[Poison Pill]

“The trust fund is currently worth about 3 trillion...it is not going bust anytime soon.It is backed by government bonds”

Smoke and mirrors. Bonds issues by the U.S government are debts to that government, not assets. You can’t own your own IOUs.

“backed by government bonds that the US has never reneged on”

Well not yet...

http://www.reuters.com/article/bondsNews/idUSN1017237120080110?sp=true

[evad]

Smoke and mirrors. Bonds issues by the U.S government are debts to that government, not assets

Absolutely.

If anyone other that the government tried this, they would be prosecuted for fraud.