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I agree with you. We can't put the "surplus" under the mattress and even if we were to invest it publicly-held investment vehicles, even foreign bonds for example, we would still have to make up the resulting shortfall by borrowing the money.

By 2017, this will become a moot issue. I would prefer to see us start going to a system of private accounts along with a core defined benefit program to attack the anticipated $13 trillion deficit.

I predict that both parties will take the easy way out as they did in 1983, i.e., raise taxes, increase the retirement age, and add more people to the rolls. It is a Ponzi scheme that is being loaded on the backs of future generations. In any event, the status quo is not an option. Our gutless politicians on both sides will kick the can down the road and trumpet it as a wonderous solution. Reagan signed the 1983 legistlation and praised Congress for its work. Whoever is President after 2008 will do the same thing.