I can assure you that if they can't afford to pay SS, they won't pay your bonds either.
We'll have to disagree here. SS will go away long before government bonds. And by that i mean either the program will be removed or the "retirement" age raised drastically to the point where 60+% of workers will die before ever seeing a dime on their investments. Government bonds, on the other hand, can be cashed in at 62 (or 50 if you want to retire early).
You might get more return on your bonds but US government bonds have a very, very low return.
Yes, but even with that very very low return, I get a better return than with SS. And more safety (in my eye at least). The safety is more of the argument than the return.
Most people don't realize the state of things at the time. It's a fact. Research it because it's a very interesting period in history.
So you are going to tell me that the government did nothing for "joe average" before 1929-ish? I just don't buy that. That's why I felt it was "partisan buzzwords" rather than a real argument.
SS is a reasonable compromise between homeless everywhere and a total nanny state. Ideal worlds just don't exist my friend. You have to forget ideologies and do what's practical.
For me, it has to do with what works vs what doesn't. Government "charity" doesn't work because it's no longer a charity and instead an entitlement. It is robing from the rich to pay for the poor. SS should have been a temporary thing (even FDR said so) but the nature of our government is that once it's started it isn't going away.
Now, I'm not against everything FDR did. In fact, I think the TVA was a wonderful idea to stimulate the economy and get people working again. Even if it was piddle-work, it gave people jobs to work at and job skills to grow with. It was also an investment in infrastructure. This is double good because 1) it enhances our industry by having the infrastructure available and 2) it has an end point and cannot become a perpetual government program.
And trust me that I know utopias can't exist. That's my big problem with a lot of groups and ideologies that they are attempting to sell a utopia. A utopia to work would require perfect people. If we had perfect people, then we would already be in a utopia. We are not in a utopia. Ergo, people are not perfect. Ergo, we cannot have a utopia.
So for what's practical: the government is not here to "take care of us (on the rich man's dime)". The more the government buys the poor's vote with such practices, the less the poor are motivated to learn to take care of themselves (there is no stick) and the less the rich are motivated to make more and advance us (the carrot gets smaller and smaller). Now, I am a strong believer in charity, but government handouts are not charity... they are thievery.
I understand that there will be cases where a large portion of our population needs help. I am not against government providing some level of help. But I am against creating a perpetual government program to remove sticks and carrots. Temporary is one thing, perpetuity is a society destroyer as it obliterates the natural laws that made civilization work in the first place.