[Parmy]

That is undoubtably true. But, Congress and all the administrations have been stealing the surpluses for over 30 years. They have been worse than a Las Vegas mob boss running a casino.

There is an estimated 2.5 trillion dollars of IOU's in a file cabinet that are non-negotiable Treasury bonds to cover the criminal activity.

To fix SS, just pay back all of the surpluses that have been stolen from the SS system.

Also, a non-negotiable bond is worth nothing because it can't be sold, traded or anything. Although it could be used in an outhouse instead of a Sears catalog.

[kabar]

“Social Security is safe and can still pay the vast majority of promised benefits if nothing changes between now and 2037, and even then benefits’ cuts would range from 21 percent to 24 percent if reform is not undertaken,”

The 2037 date is bogus. SS is a pay as you go system. Once SS goes permanently in the red in 2016, i.e., beneftis exceed revenue, the shortfall must be made up by the General Fund thru the redemption of the non-market T-bills in the SSTF, which is an unfunded liability and the reason why the SSTF is included in the national debt under Intragovernmental Holdings.