mulinroe, the SS Trust Fund is indeed made up of IOU's from the Treasury. Current outlays are made from current inflows from the payroll tax. The question is "Can Treasury pay up when due," and, with the federal government an acknowledged $16T in debt, I think the answer is obvious--Treasury can not pay up. But, if you are so naive as to believe that the debt of the US government shall not be questioned, then you can trust me when I tell you that I will marry you if I impregnate you (I assume you are female).
From one moment to the next the city of Detroit doesn’t know where its next bailout is coming from. Chronically unable to pay its bills, the city looks to the state for cash gifts to stave off default. Operating under the terms of a consent agreement hammered out with the state, Detroit faces fiscal uncertainty largely because it has failed to get adequate concessions from public employee unions that are unsustainable. And those concessions that they have wrested from unions, politicians in Detroit have been unwilling to enforce.
One prominent Detroit attorney, however, is facing the future of the Motor...
good point
re post so it's on the main thread. IMHO