This video proposes to ban Congress from “borrowing” from Social Security.
The fact is the Trust invests in special interest paying Treasury bonds (paying the trust $60+ billion a year in interest) through intragovernmental transactions.
It’s been the same way since 1939. The trust has been redeeming those bonds regularly since 2021.
This method of investing excess SS revenue (which no longer exists) has nothing to do with the approaching insolvency of the trust fund.
Take a look at the video here:
https://www.facebook.com/reel/930603462991193/?fs=e&fs=e
It says “President Donald Trump will ban Congress from ever “raiding” the trust fund again.”
People who post this kind of garbage are reprehensible, but when done in support of Trump is understandable these days.
Funded the same way since 1939
