The Republican Presodential Candidates & Their Views

[Stealth694]

I agree that SS has become a Ponzi scheme, but only because congress could not keep its hand off the fund.
There are over 1.5 TRILLION dollars loaned to the US govt from SS, probably without the intention or repaying it.

[DuncanONeil]

I agree that SS has become a Ponzi scheme, but only because congress could not keep its hand off the fund.
There are over 1.5 TRILLION dollars loaned to the US govt from SS, probably without the intention or repaying it.

"The Social Security trust funds, managed by the Department of the Treasury, are the Old-Age and Survivors Insurance (OASI) and Disability Insurance (DI) Trust Funds. Since the beginning of the Social Security program, all securities held by the trust funds have been issued by the Federal Government.

There are two general types of such securities:

special issues—securities available only to the trust funds; and
public issues—securities available to the public (marketable securities).
The trust funds now hold only special issues, but they have held public issues in the past."
(http://www.ssa.gov/oact/progdata/investheld.html)