An easy fix for Social Security | Opinion

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For all the talk about Social Security solvency, what we discover when we take a closer look at Social Security “trust funds” is that they are, in fact, “trust funds” in name only, which in turn suggests an easy fix . It was not until 1939, five years after the passage of the Social Security Act, that the Old Age and Survivors Insurance Trust Fund was established in the US Treasury Department.

The adoption of the “trust fund” label for what was effectively a treasury bill was intended to capitalize on the public’s understanding of this term that assets are absolutely safe, invested on someone’s behalf and held for future use, and to reassure the public that social security was sound and reliable.

The Valley Voice
The Valley Voicehttp://thevalleyvoice.org
Christopher Brito is a social media producer and trending writer for The Valley Voice, with a focus on sports and stories related to race and culture.

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