If this story is true, it sounds like they’re getting it backwards again—are they going to penalize people who have actually saved for their retirements and reward people who haven’t?
The big difference is that bondholders chose to buy into those bonds, they weren’t forced to do so.
We’ve sacrificed a lot investing in retirement outside of SS in addition to paying ever growing amounts into SS. My retirement account could be 2-3 times as large if I had been able to put the money paid to SS into the retirement account.
Piss off, I don’t care if they do away with SS, but I WANT MY MONEY BACK. Why don’t they means test all congressmen, senators and other government employee retirement programs, FIRST!