Social Security has ZERO to do with the Deficit.

[sabrina 1]

162. Wtf do you mean 'the money isn't there?' Do you know anything at all about the SS Fund? All of

comments so far indicate that you have no idea how this fund works.

Here's a perfect example:

But the FACT as I know it, is that the fund has no money in it, only "special bonds" which is just a "promise" to pay.

Are you serious? The SS Fund receives revenue on an ongoing basis, not just from payroll taxes collected exclusively FOR the fund, it also receives revenue from other sources, ONE OF THEM BEING Interest on the Bonds.

BECAUSE is constantly receives income, it has not only paid out 100% of its obligations EVEN during one of the worst recessions in recent times when employment was low, it has done so WITH A SURPLUS every year.

So the 'FACT' you 'KNOW' is not a 'FACT' it IS the usual, decades old Right Wing, Heritage Foundation falsehood and as others have said here, it has no place on a democratic forum.

The Fund ALSO has more than a two trillion dollar surplus. The Fed Govt has messed up ITS finances forcing it to borrow from various sources, China, Japan, the SS Fund. Bonds have been issued to secure those loans, BACKED BY THE FULL FAITH AND CREDIT of the US Government. Far from reneging on its promise, the Fed Govt has never failed to pay interest on the loan from SS.

So far, the SS Fund has had NO reason to cash in any of those bonds and even under the worst scenario is not projected to have to do so for at least over a quarter of a century.

Additionally, once the economy improves, that time frame will extend.

To extend it further, all the Govt has to do is raise the cap on SS and focus on creating jobs.

And, the Fed Govt needs to stop its wild spending on Wars, on Bush Tax Cuts for the Wealthy which cost the tax payers two trillion dollars over the past decade.

So please learn something about this issue. You ARE repeating the very old and proven to be false, claims of the enemies of these Democratic Social Safety Net Programs.