re: #577 Obdicut

There is actually a “trust fund”, and the idea is indeed to set aside money. For a time, the money taken for social security was placed into this fund and couldn’t be spent on other things. Laws were passed somewhere along the line which took away this requirement somewhat - we are now allowed to keep the “trust fund” alive with government securities. So in that sense, it is very much an illusion; essentially we have an account funded with IOU’s - from ourselves.