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Social security is a pay as you go program. The amount of money going out is limited by the amount coming in plus what's in the trust
by throwaway6734 5y ago
Social security is a pay as you go program. The amount of money going out is limited by the amount coming in plus what's in the trust
- kmonsen 5y agoNot really, the government can also fund extra to the payouts. Preload with deficit spending.
- rswail 5y agoThat's a legal fiction. The "trust" is just US treasuries that the Social Security trust buys with the taxes it collects. The fact that your social security taxes are "hypothecated" to be for your retirement is a nonsense designed to confuse.