Right by borrow more. Any day of reckoning in your future?
No. Just no. I get the feeling you don't understand how Social Security works. I'll give you the quick and dirty version.
1. Employees pay payroll taxes.
2. Payroll taxes are sent to the government who then send them out to Social Security beneficiaries. In simple terms, it has NOTHING to do with a Trust Fund (it does, but to keep it simple, it doesn't).
3. Overpayments of today's employees, meaning money from payroll taxes left over after paying benefits goes into the Trust Fund.
3a. Again, please note, for all practical purposes, we are NOT paying beneficiaries from the Trust Fund (even though we are, but for our simple explanation, it's easier to explain this way).
4. The money in the Trust Fund is simply OVERPAYMENTS of payroll taxes. This money, if left sitting in a cash envelope, would fall victim to inflation. Thus, in order to preserve the money and to be able to pay out the benefits necessary, the government borrows against the Trust Fund.
This really isn't hard to understand. We're borrowing money from ourselves, with the promise to pay ourselves back with the same purchasing value as when we borrowed it.
congress spends surplus monies from SS in order to...fund other parts of government.
Yes, that's WHAT they do with it. WHY they borrow the money is to preserve the integrity of the fund, to keep it consistent with inflation.
I'm sorry you don't understand the basics of Social Security. I don't blame you, it's not easy to understand. I don't understand the technicalities of it either. But I do understand the general concepts behind it. And that's why I'm trying to educate you, to get you to do the same.