Republicans were indignant after President Biden called them out for wanting to phase out Social Security and Medicare. But the fact is, that's exactly what many of them want to do.
And now The White House is bringing the video receipts. Watch it here: Https://secondnexus.com/fox-lies-johnson-social-security?utm_source=mastodon&utm_medium=toot&utm_campaign=2N
You will be happy to know, then, that the money in the SSA trust fund that Allen Smith says was stolen if it's never spent on Social Security is, in fact, now being spent on Social Security. Just like it was planned, in 1983.
Which Allen Smith should have known, if he looked into it. The plan was to build up surpluses to be able to cover the expected deficits when the Boomers started to retire. That happened in the last decade, after he wrote that article.
Not only did I read the article, I followed the links to the data it was supposedly based on. The data doesn't say what he says it does.
The law has required -- since 1937 -- that all Social Security surpluses be lent to the Treasury. the Trust Fund has never had cash, it has always had special-purpose Treasury securities. The Trust Fund has $2T+ in Treasury securities.
Take a look at https://www.gao.gov/assets/720/717470.pdf, which a report on the GAO's financial audit of the debt.
It covers 2020 and 2021. It lists 6T in intragovernmental debt, 48% of which is OASI trust fund. It is absolutely incorrect to say that the national debt doesn't cover what the government owes it. The government lists it in its details about the debt.
George Takei 
🏳️🌈🖖🏽
SammyGalen
Blaise Pascal