Completely wrong.
There is no such thing as Social Security trust fund. All taxes we pay in (federal, state, coporate, sales, employee/employer, social security, medicare, etc.) are things we are mandated to pay with no direct payback.. you can’t take social security as the only thing we pay and try to make it unique. I pay a ton of money to the government that is not Social Security, and I never will get that money back either.
Please point out to me where I said there was a trust fund. There never was one. It has always been a Ponzi scheme.
What I said is for the last 70 years, excess FICA taxes collected were turned over to the general fund and spent on other things, not invested. As of this year, the Ponzi is upside down. There are no excess FICA revenues to hide the size of the deficit any longer, and infact, SS now adds to the deficit because we have to borrow additional money to pay the shortfall. And it is only going to get worse with each passing year.