I haven't hear anyone claim that the US gov doesn't want to pay its debts, and it constitutionally must pay them so it is moot point. I sure wasn't saying that nor was I trying to imply that and was merely pointing out for the uninformed how things are structured and how we got there. There are problems facing the government once the bond redemption starts in earnest and those are mostly ignored which is the other point I was trying to make. The budget is already a mess and Social Security is just going to gradually make a bigger mess but I doubt anyone would know the difference.
I wouldn't say Social Security is properly funded for decades as the date the trust fund runs out is in 2033 according to the last Trustees Report
which is the point at which it will be unable to pay full benefits. So less than 2 decades which means you will likely be caught up in it. The point at which it starts to take in less in taxes and interest and begin to draw down the trust fund.
So the decisions that one wants to make is how to deal with the problem and there really are a finite number of solutions. They could:
1. Raise taxes to ensure social security is fully funded. (democrat plan)
2. Decrease the rate at which benefits increase. (Republican plan)
3. Some combination of 1 & 2
4. Ignore the problem and in 2033 just fully fund it out of the general fund. (what will happen from 2017 to 2033)
5. Ignore the problem and in 2033 tell all social security recipients to fuck off and enjoy their 75%. (what the current plan out of the US government is)