Reply #3: When Bernie asks him about his recent comment on the future of Social Security, [View All]

[skeptic9]

I hope he asks him this question:

Mr Greenspan, since its inception almost 70 years ago, FICA payroll deductions for Social Security have exceeded benefit payouts by many trilllions of dollars. The US government spent those trillions and in return gave Social Security non-marketable bonds as IOUs. Were you suggesting that the US government renege on those IOUs, and squander the remaining future positive Social Security cash flow on tax cuts tilted heavily toward the wealthy?

If the US did renege on trillions in Social Security bonds, wouldn't that failure to pay on its promises weaken the strength of the "full faith and credit" of the US in marketing its tradeable bonds and notes on Wall Street? If you remain in office, will you preside over a collapse in the sterling credit of the US Treasury?