It comes out of paychecks, you have to contribute X # of years or you get nothing - so if you put 10 years in, that's theft basically, not a "free lunch", and same with younger people who are at risk of having 5% or whatever of their paycheck stolen by today's old farts, once it does go bust.
Solution - euthanize half of the elderly so there's something left
Here is what he said : "Since 2010, Social Security has been paying more in benefits than it has collected in payroll taxes. To meet its payments, Social Security began redeeming the bonds, plus interest, from the federal government. In other words, money was transferred from the government’s general fund to Social Security." Technically money moving from the GF to SS is not a debt, unless... you live in bizarre world where SS is an arm of the government and you treat all taxes the same. Watch. To meet its payments, China began redeeming the bonds, plus interest, from the federal government. In other words, money was transferred from the GF to China. Is this really an astounding revelation?
The answer is simple. The politician is saying that Social Security cannot add to the deficit by law is not much different than saying we have a law against illegal aliens, so no one has crossed the border without documentation. It is a stupid comment, that doesn't make it factually inaccurate.
Let me fill it in for you. You are worried about the money lent by SS to the government because a default would affect you. You aren't worried about the money lent by China to the government because a default wouldn't affect you. Is that about right? This all goes back to blaming the bank for giving you a credit card.