There is no money. There never has been money. It was spent long ago.
All not put out as benefits in the then current year was turned over to Congress and promptly spent.
The same entity cannot both own the bond and owe the debt for it ... that piece of dishonest accounting chicanery is as old as the program itself, from that scumbag FDR’s time.
This has to be coming from pelouse-i and schmuckie’s
proposal they described as “Rooseveltian”... no kidding. Would NOT want to tie my glider to that moniker.
Social Security IS a Ponzi scheme. It has been added to simple beneficiaries with “disability”, when the parents are killed the kids... for LIFE!, and it was billy cokenose clinton who started TAXING the benefits, and then later they split off automatic deductions for Medicare (no choice involved... it is TAKEN out of Social Security.
LBJ was the first to “borrow” money from the “trust fund”-— to put the funds in General Revenue... general damned revenue so he could “balance” his budget with the trust money to pay out the “War on Poverty”. God, what an ass! They’ve come back every year. The entire obiwankenyobi 8 years they NEVER had a budget... just continuing resolutions every one of which increased the “borrow” from SS trust funds.
It is PELOSI— “go big”... the “Heroe’s Act” hazard pay, direct cash payments. No liability protections for employers in all this, too