Social Security Promises

Social Security checks cannot be truly considered a

government “pension” fund.

                                           

Can Social Security checks be delayed if Congress ever fails to increase the government's borrowing authority? Probably not for political reasons. No matter what Congress does about the debt limit, Social Security recipients will get their checks.

                       

But note: There is no Social Security lockbox; funds are used by government as received in Social Security taxes. So- called Social Security trust funds are actually IOUs, of no  market value. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter.)