COTW: SS Trust Fund Busted?

Not so much.  Wolf Blitzer @WolfStreet.com tells US that the Trust Fund is in good shape right now.Since 2010 the OASI Fund has risen by 12.1%.  LOOK at the chart:

There was a small decline (1.2%) in the balance last fiscal year. The fund invests in Treasury securities and certificates of indebtedness not traded in the secondary market, which is a good thing because it does not subject the fund to the fluctuations of the secondary market. The fund holds these securities until they mature. This policy also results in ultra-low administration expenses--around 0.14%. of assets held.Compare that to your average stock fund.

Conservatives are very fond of predicting the insolvency of the Trust Fund, which coincides with their endemic hostility toward the 'socialist' Social Security program--the most popular social program in the history of the US. In the fiscal ending September 2022, the gap between fund outflows and income narrowed to just $32 billion. At this rate, the Trust Fund would not be depleted until 2085. Despite the good news, Social Security was never intended to be a replacement for saving and investment as a method for financing retirement.  One reason the Boomers are working beyond traditional retirement age.