Again I could be mistaken and would really appreciate correction from someone who knows better by I am much more cynical about the SS trust fund.

As far as I can tell the really scary thing is that that "trust fund" has been largely "invested" in treasury bonds. That is the source of the massive "intragovernmental holdings" portion of the national debt. i.e. the excess income from SS tax has actually been spent on other government needs. http://www.dailyfinance.com/story/retirement/social-security...