The bad economy has started the Social Security deficit 5 years early. Don’t worry, it’s still on track to run out just about when I would have started taking money out. I’m so happy to have paid in so much and to continue to do so and then to get next to nothing out of it.
“It’s an IOU that is backed by Treasury bonds and the faith and credit of the United States government,” said Sen. Bernie Sanders, I-Vt. “It is the same faith and credit that enables us to borrow from rich people and from China and from other countries. As you well know, in the history of this country, the United States has never defaulted on one penny owed to a creditor.”
And why does China let us borrow money? They have no choice. Why do I pay Social Security taxes? I have no choice.
Not So Fast 