no account with your name on it with money put back for you. That money has already been spent.
Actually, what there are, are treasury bonds purchased by the Social Security Trust Fund. They are backed by the same full faith and credit of the government, as the T bonds in your IRA. Unless you think, or believe the government shouldn’t pay you on those bonds in your retirement accounrt, there’s no logic in saying that Social Security’s bonds are worthless.
There are no Treasury bonds, just IOU’s. To get money they have to cash in the IOU’s and sell new bonds to get that cash. All the surplus SS money was spent a long time ago on Social Welfare Programs. LBJ took that money a long time back.
In plain terms it was stolen.
The proper thing is for the miscreants to return what they stole.