A bankrupt nation hurts everyone except the political elite who survive, like Putin, but the poor are hurt most. If we go bust, all the programs will be bust too. That's why they're rioting in the streets in Greece. If you want to live in a socialist country, I'll buy you a ticket to Greece.
Social security, albeit unconstitutional, would have been a good thing if LBJ hadn't decided to steal from it to pay for Medicare, also unconstitutional, and his great society. Now Obama is stealing from Medicare, which is actually money stolen from SS, to pay for Obamacare, also unconstitutional.
Maybe he should hire Madoff to handle the bookkeeping.