[DannyTN]

"Misleading post. There is no trust fund."

There is a trust fund. It is invested in U.S. Treasury Bills.

That the treasury doesn't have a room full of cash to pay off those bills doesn't matter. They will pay them off.

If you owned $1,000,000 in U.S. Treasury Bills, you would say you had a million dollars. You wouldn't say, I had a million dollars but it's worthless now, because they U.S. won't make good on those bills. They will and you know they will.

[SeekAndFind]

That the treasury doesn't have a room full of cash to pay off those bills doesn't matter. They will pay them off.

What makes you so confident that they WILL ?

Are you 100% certain that the USA will not go the way of Greece in the future ?

[Hoodat]

The net effect is that Social Security now becomes a budget liability rather than an asset. Future outlays will now contribute to deficit spending, meaning that new Treasury bills will have to be sold to satisfy the demands of those being cashed in by the Social Security Administration. And currently, we aren't finding buyers for those new T-bills since the Social Security Administration is no longer buying.

Weimar Republic - Yes We Can!

[Atlas Sneezed]

If you owned $1,000,000 in U.S. Treasury Bills, you would say you had a million dollars.

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If I owned a million dollars of IOUs I wrote to myself, I wouldn’t have anything, except perhaps for the ability to earn or borrow (or steal) to make them good.