Social Security has nothing to do with balancing the budget or erasing the deficit.

[Meghan54]

Last sentence spoken in the video:

"Social security has nothing to do with balancing a budget or erasing or lowering the deficit."


https://www.youtube.com/watch?v=ihUoRD4pYzI&feature=player_embedded


God's words.

 

[Fern]

No, it doesn't.

And won't until the surplus is used up. That is, if the govt decides to pay SS benefits out of the general fund. However, they could just loan the SS fund money in anticipation of future years having surpluses. If so, it won't affect the budget/deficit.

 

[ivwshane]

Yep. But who didn't know this already?