[DuncanWaring]

Probably $126 trillion less than liabilities, which is why they’re called “Unfunded Liabilities”.

[Toddsterpatriot]

Social Security is only partially funded. If the benefits promised are $12 trillion more than the funding, the unfunded liability is $12 trillion.

All the promised benefits are assets. The unfunded assets are equal to the unfunded liabilities. See how that works?