Myth Busted: Congress Has Not Stolen from Social Security

The main point of the article is to debunk the widely held belief that Congress has stolen money from Social Security and should return it, with interest. Instead, the author explains that by law, any excess revenue generated by Social Security must be invested in interest-bearing special-issue bonds. These bonds are fully accounted for and backed by the federal government. Therefore, the notion that Congress has stolen from Social Security is false. However, the author does acknowledge that Congress’ inability to agree on how to fix Social Security’s growing funding shortfall is contributing to the program’s financial woes, along with demographic changes such as declining net legal migration and a historically low U.S. Birth rate.