The fund may exist on paper, but the money doesn't exist.<quoted text> Blah Blah Blah.
The fund loans its excess to the Federal Government under a law signed by Reagan.
It does not mea that the fund does not exist.
And you still think your bank has a spot in a box with your money in it.
If not for the IOUs, that money would have had to been borrowed from other sources.
Social Security is a tax to pay current welfare benefits, not a retirement plan.