****A default would call into question, for the first time, the full faith and credit of the U.S. Pensions, Federal Government, Debt Ceiling, Retirementgovernment,” Geithner wrote in a letter Friday to Sen. Michael Bennet, D-Colo.*****
Here is what was written in 1964 about Social Security, so quit worrying!
http://www.ssa.gov/history/ssa/usa1964-2.html
Self-Supporting
“The program is designed so that contributions plus interest on the investments of the social security trust funds will be sufficient to meet all of the costs of benefits and administration, now and into the indefinite future—without any subsidy from the general funds of the Government. Both the Congress and the Executive Branch, regardless of political party in power, have scrupulously provided in advance for full financing of all liberalizations in the program.”
And her is where your SS money you pain in went! Read and weep!
http://www.socialsecurity.gov/OACT/ProgData/fundFAQ.html#n4
“Far from being “worthless IOUs,” the investments held by the trust funds are backed by the full FAITH AND CREDIT of the U. S. Government. The government has always repaid Social Security, with interest. The special-issue securities are, therefore, just as safe as U.S. Savings Bonds or other financial instruments of the Federal government.”
There! Don’t you feel better about your old age future!
pain in= paid in.