[InterceptPoint]

In other words, the Social Security trust fund contains — nothing.

This statement is CORRECT.

I realize that FactCheck.org is hardly held in high esteem by we Freepers but it is worth reading what they have to say about the supposed Social Security Trust Fund at THIS LINK:

Some senior Democrats are claiming that Social Security does not contribute "one penny" to the federal deficit. That’s not true. The fact is, the federal government had to borrow $37 billion last year to finance Social Security, and will need to borrow more this year. The red ink is projected to total well over half a trillion dollars in the coming decade.

I believe FactCheck is correct in this case but would be interested in a more trustworthy source of the data if anyone knows of one.

[neverdem]

Thanks for the link. I know there’s nothing in the Social Security Trust Fund. It’s well known that the feds started grabbing that money for the Treasury’s general obligations since the 1960s.

As far as paying out more in Social Security benefits than taking in from individual Social Security deductions, that’s been in the news for a while. I’d be shocked if Yahoo and Google didn’t have it on their news searches.

[nascarnation]

The only people that try and maintain the illusion of the trust fund are Democrats and AARP. (actually that’s the same thing, LOL)