Can Social Security checks be considered a government “pension” fund? Can a Social Security check be delayed if Congress ever fails to increase the government's borrowing authority?
Social Security trustees reports say assets in Social Security's “trust funds” are ample. Therefore, no matter what Congress does about the debt limit, Social Security recipients are guaranteed their checks. Payments can still be made despite Congressional action.
But note: There is no Social Security lock box; funds are used by government as received in Social Security taxes. So-called Social Security trust funds are actually IOUs, of no no market value. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter.)
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