RE: Besides, no discussion of SS is complete without the realization that the SS Trust Fund is a fiction
Al Gore did that, and was laughed out of town with his repeated mention of the LOCK BOX.
AL Gore may have been laughed out on the Lock Box issue because he’s Al Gore, and it sounded retarded from the git-go. But, there’s a lot of discourse about how Social Security is OK until some future date. That’s lock box talk. The Trust Fund isn’t filled with marketable securities.. it has IOUs from the Treasury, which are just future taxing claims.
Even when people talk about making SS solvent through higher tax rates, or removing the wage cap, they are still talking about commingled funds.
No it isn't, it is fully funded with treasury bonds. </s>