Yes, and it's being paid back with interest, which keeps the fund from falling victim to inflation. This isn't hard to understand.the government borrowing from the fund means it has to be paid back.
Again...where is the fund earning interest just sitting there? The fund doesn't collect interest by itself (how could it?), it's just money sitting in a piggy bank.it also means there is less in the fund to earn interest on.
Please stay on topic. First you created a misleading headline. Then, when given a factual number from the CBO on how to keep the Trust Fund funded for the next ~75 years, you go off on random tangents about parents.
The fact of the matter is Social Security is not going bust. It's a pay as you go system. The trust fund could be made solvent until 2087 (under current law) by raising payroll taxes to 16%. I have no idea whether people would accept that or not, but that wasn't the point. The point was you created a hypothetical scenario and I countered with an equally possible hypothetical scenario. To create my hypothetical scenario, I used actual numbers from the CBO, which you seemed to think I pulled out of a hat. And to counter this, you went off on a red herring.
Please discuss this without hyperbole. That's all I'm asking.
Government - Frequently Asked Questions about the Public Debt
there is NO doubt the government will honor all of its debts.
Though I disagree with Joe on the idea that Social Security is some sort of boondoggle, I do want to state what should be obvious: We need to make some changes to Social Security.
For those who are curious how their particular "soup ingredients" would work, here's a calculator to show the effects of some (but not all) plan changes:
The Reformer: An Interactive Tool to Fix Social Security