Yes, and this is where the Media is failing us badly. This is pooching the Social Security system badly.
YES, SS was in the red last year and had to borrow from the Treasury.
Many folks, in this Economy, decided to punt and just live on Social Security. Many others have played the Mental Instability card and gotten SS Disability. This, with the reduced SS Payroll Taxes, has made the system UNSUSTAINABLE NOW.
The Democrats plan to blame this problem THEY created on their enemies. It may be their only hope.
SS was in the red last year and had to borrow from the Treasury.... They did not borrow anything from the General Fund. SS just called in ONE of the IOU’s that Lyndon Johnson replaced the “Lock Box” with.