The core problem with trust fund debt is that if the government maintained assets for the social security trust fund the way vanguard or fidelity did, the under

The core problem with trust fund debt is that if the government maintained assets for the social security trust fund the way vanguard or fidelity did, the underlying assets would be so high that the government would start to own and control a large part of the American economy. Do we really want all our company's to be majority owned by the government? The practical answer from the government's perspective was to just the loan the money to itself. Except the problem now is that the government owes itself a lot of money. Reality is that there is not trust fund and current payers simply have to pay the benefits for existing retirees. That's the way it has always been and that's the way it's always will be. There will be economic problems no matter how the government handles such a large amount of money. I believe that whenever there is a crisis or issue they will simply raise the income limits to correct it, and that's largely been happening as the income limit is going up and up and up every year. Way more than it did 20 years ago.