"Few budgetary concepts generate as much unintended confusion and deliberate misinformation as the Social Security trust funds. Political candidates of both parties have accused their opponents of ‘raiding’ the trust funds. Some writers disparage the trust funds as ‘funny money’ or ‘IOUs.’ All these claims are nonsense.
"In fact, the Social Security trust funds are invested in Treasury securities that are every bit as sound as the U.S. government securities held by investors around the globe; investors regard those securities as being among the world’s very safest investments."
View the full report:
http://www.cbpp.org/cms/index.cfm?fa=view&id=3299
http://www.cbpp.org/files/10-5-10socsec.pdf
Source: Center on Budget & Policy Priorities
Author: Paul N. Van de Water
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