Currently Social Security collects between $25-40 billion more than it pays out to beneficiaries. The general treasury gets the money to spend and issues SS an non-marketable treas bond. If Personal Retirement Accounts were started immediately, then gvt would have to use the SS surplus for retirement benefits AS IT WAS SUPPOSED TO DO ALL ALONG. As it is the trust fund is a cruel hoax on young workers. Their money is taken and spent. When the Boomers start to retire, these young taxpayers will have to pay in more money to redeem the IOU's and turn them back into cash. There are no economic assets in the trust fund. Workers should be permitted to re-direct some portion of their FICA taxes into Personal Retirement Accounts.
