is there any real money in the social security trust fund?

Answer 1

Sure, but a lot has been "borrowed" by the government that just fails to pay it back, and it is YOUR money, not the governments!

Answer 2

Sure, there is lots of money but it is leant to the Govt to help balance its budget. I don't see what the big fuss is about. What difference does it make if the fund is going to run out in 10 or 20 years. The US budget has been in a deficit for the last 50 years without much damage. Either put both accounts together or let social securtiy be totally independent & invest in something a little more profitalbe that US bonds like most pension funds.

Answer 3

There is no Social Security Trust Fund. The money that is collected goes to pay current recipients and the rest goes into the general fund and gets spent.

Just another example of the fiscal irresponsibility of the federal government. "Robbing Peter to pay Paul", I think is the correct term.

Answer 4

NO! Even their projections of it not going negative cash-flow till around 2020 depends on a good economy. Remember legally Social Security can ONLY invest in government debt. Both sides of the aisle know they can't put the funds in a "Locked Box". Locking the funds away would kill the economy! Assets circulating expands the economy. Contracting the money supply slows down the economy.

Answer 5

no, there has never been money in social security, the money paid in, goes into the general fund, and the bills for Social security are paid in budget from the general fund.

So basicly there is a big IOU in the fund

Answer 6

wooow not its not a trust fund... and yes there is money for social security, but with the baby boomer generation getting towards retirement its not going to be there for long