Kevin Drum provides (perhaps) the most lucid explanation of the Social Security Trust fund I’ve ever read:
Group A overpaid and built up a pile of bonds in the trust fund. Those bonds are a promise by Group B to repay the money. That promise is going to start coming due in a few years, and it’s hardly surprising that Group B isn’t as excited about the deal now as it was in 1983.
Yep. Read the whole thing to be shocked and dismayed by who Group B represents (and is represented by)…
Lemkin 