[Publius6961]

Currently, Social Security runs a surplus, which is held in a trust fund.

This clown sounds like he also wrote that other book I read decades ago: The Flat Earth.

[calex59]

I wish that I had the oportunity when I was young to funnel my SS deductions into privite investment when I was young. I would be drawing a lot more money from it then I am now and wouldn't be ripping someone elses wages from them. I used to argue with old guys when I was young telling them we needed to make real accounts for individuals instead having people pay each generation, that sooner or later it would fail. Boy, did I get laughed down! They couldn't see you could make more money in the long run with privitization. The problem we face with this is the brain washing everyone has gotten concerning SS, plus the dimwits will not admit that a program started by the GREATEST dimwit of the all, FDR, could possibly be flawed!

[Kozak]

Currently, Social Security runs a surplus, which is held in a trust fund.

Which is the exact fiscal equivalent of borrowing money from yourself and writing IOU's....

[cpdiii]

"Currently, Social Security runs a surplus, which is held in a trust fund."

The fund is in treasury certificates. That means the government spent the money from the trust fund and has promised to pay it from general revenue when they become due. General Revenue means from taxes, which would have to be increased to pay what is due. The really beauty of this theft scheme is as follows:

1. They take the money from your check but it is still considered part of your gross so you taxes go up.
2. They will then pay you years later a small fraction of the amount that it would have earned in the private sector.
3. When they pay you with the money YOU put in it is considered income so it is taxed again.
4. When you die it stops as opposed to a private pension fund that would then become due to your heirs.

If this were a private scheme it would be called a Ponzi and the people at the top would be charged with theft, fraud, larceny, violations of many interstate laws, wire fraud etc.
When it comes to fraud and theft Enron, The UN, Al Capone and Bonnie and Clyde are amateurs compared to Social Security.
THE TRUST FUND IS EMPTY, it is NOT RESTING, it is not PINING FOR THE FIJORDS, it is BERIFT OF LIFE, it is SINGING FOR THE CELESTIAL CHOIR, this trust fund IS NO MORE, this trust fund IS DEAD, Sir, this is a DEAD F---ing
TRUST FUND