Bottom-line up-front: The government’s only capital asset is you. The solution [in practice] to trust fund solvency means more taxes, a reduced standard of living, or both. Debt-based Ponzi schemes never end well.
There is a page on the Social Security website entitled Trust Fund FAQ. I highly recommend reading this page firsthand. For brevity, I’ll share a few sections for the purpose of this discussion.
- What are the social security trust funds? The Social Security Trust Funds are the Old-Age and Survivors Insurance (OASI) and the Disability […]