Again I could be mistaken and would really appreciate correction from someone who knows better by I am much more cynical about the SS trust fund.
As far as I can tell the really scary thing is that that "trust fund" has been largely "invested" in treasury bonds. That is the source of the massive "intragovernmental holdings" portion of the national debt. i.e. the excess income from SS tax has actually been spent on other government needs.
http://www.dailyfinance.com/story/retirement/social-security...
Fair enough, but if those treasury bonds don't end up being worth what they're supposed to to be worth, it seems to me that we've got bigger problems than SS going under.
However, I heartily agree with your request for correction by someone who knows better- this is about the full extent of my knowledge on the subject, and I'd love to hear from somebody with expertise in this field.
As far as I can tell the really scary thing is that that "trust fund" has been largely "invested" in treasury bonds. That is the source of the massive "intragovernmental holdings" portion of the national debt. i.e. the excess income from SS tax has actually been spent on other government needs. http://www.dailyfinance.com/story/retirement/social-security...