Social Security has effectively been insolvent ever since Congress decided to rob the trust fund money and replace it with government IOUs.
That never happened. It has always been money in and money out. The system is insolvent now because the system is cash negative. The so-called trust fund is a fraud. All it is is a promise to tax borrow or print more money to keep SS and Medicare recipients happy. The trust fund has no real assets.
That never happened. It has always been money in and money out. The system is insolvent now because the system is cash negative. The so-called trust fund is a fraud. All it is is a promise to tax borrow or print more money to keep SS and Medicare recipients happy. The trust fund has no real assets.