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The real crime has been committed by our presidents and congresses since the 1960s (?) when they started stealing the excess SS tax revenues each year and using it in general fund spending. Another report I read recently said that SS is funded until 2037. Of course, that’s counting the billions in promissory notes the government gave the SS fund when it stole the excess tax revenues each year.

So, SS is technically in good shape until at least 2037.

There are many pols who’ve caused this, and if there were any justice all those still living would be in prison. But, things being as they are, many of them are still in DC trying to make a horrible situation several times worse.

Social Security is a pyramid scheme. Social Security is not a savings-and-investment program. Social Security taxes (premiums?) create no wealth. The payroll taxes are not invested, but are used to pay current retirees and survivors under the program. It's called a pay-as-you-go system. Some call it an intergenerational income-transfer program. By law, if Social Security brought in more revenue than it paid out...this money was spent and if the government had not done this....there would have never been a surplus in the late 90s.

You need to also check the latest news on Social Security. For the first time, Social Security paid out $29 billion more than it collected from payroll taxes...it has an unfunded liability of $13 trillion.