Happy birthday, Social Security. Unless Congress acts, full benefits end in 7 years.

[Deminpenn]

7. Please stop posting that social security will

be insolvent.

There is NO social security government savings account that pays social sec benefits.

Social security is a pay as you go program. Currently social security takes in more money than it pays out in benefits. That extra income, by law, must be invested in US Treasury bills. When social security starts paying out more benefits than it takes in social security taxes, it will cash in those Treasury bill assets, then if needed, the difference between benefits and soc sec taxes paid will be paid from general tax revenue.

It is possible benefits may be cut due to Congress'
"Pay (as you) Go" budget rule; it won't be because soc sec is "bankrupt".