No there is not and never has been a Social Security Trust Fund since Social Security was started which it is based on a Ponzi Scheme that is based on pay as you go besides the Federal Government Can spend the Social Security Tax anyway the Federal Government wants as stated in the SCOTUS case of Helvering v. Davis established in 1937 which FDR was spending it and FDR did and remember when the Federal Government has no more money there is no more Social Security because its not a Trust Fund.<quoted text>
There is a SS Trust Fund.
I guess you think that there is a box in the bank that hold's your money. When you buy something using a check or debit card, a man goes to that box, pulls the correct amount of money & sends it to the recipient.
Below explains the logic why there is no Social Security Trust Fund from the Article link below
Why the Social Security Trust Fund Differs from Real Trust Funds. Private-sector trust funds invest in real assets ranging from stocks and bonds to mortgages and other financial instruments. However, the Social Security trust funds are only "invested" in a special type of Treasury bond that can only be issued to and redeemed by the Social Security Administration. As the Congressional Research Service noted in a report on May 5, 1998:
When the government issues a bond to one of its own accounts, it hasn't purchased anything or established a claim against another entity or person. It is simply creating a form of IOU from one of its accounts to another.
Misleading the Public: How the Social Security Trust Fund Really Works
As political leaders debate how best to fix Social Security, many policymakers are focusing on the wrong issue. Their sole concern seems to be the date when the Social Security retirement and survivors trust fund will run out of its paper assets. This mistaken emphasis misses the fundamental point about Social Security's problems: There is no cash in the Social Security trust fund, and there never has been any.
The Social Security trust fund is merely an accounting device filled with IOUs that future taxpayers must repay. Far too soon, payroll taxes will be insufficient to pay all of the promised benefits. Unless Congress promptly takes action, taxpayers will have to pump hundreds of billions of additional tax dollars into Social Security to pay the promised benefits.
Social Security, Ponzi Schemes,
and the Need for Reform
by Michael Tanner
Pg12 of the PDF As the Clinton administration’s Fiscal Year 2000 Budget explained it
However, in reality, the Social Security Trust Fund is not an asset that can be used to pay benefits. As the Clinton administration’s Fiscal Year 2000 Budget explained it:
These [Trust Fund] balances are available to finance future benefit payments and other Trust Fund expenditures — but only in a bookkeeping sense.... They do not consist of real economic assets that can be drawn down in the future to fund benefits.
Instead, they are claims on the Treasury that, when redeemed, will
have to be financed by raising taxes, borrowing from the public, or reducing benefits or other expenditures.
The existence of large Trust Fund balances, therefore, does not, by itself, have any impact on the Government’s ability to pay benefits.