The ponzi scheme?

Social security is a "pay as you go" retirement scheme, which means the money young people put in is used to pay for old people right now. That's exactly how a ponzi scheme works - the old investors are paid out by new investors. What about the social security trust fund? It's full of US Treasuries - IOUs from the Federal Government, just like if there were no trust fund. It's also broke now. Not ten years from now, right now Social Security is selling US bonds because it's giving out more than it takes in. If they didn't have the trust fund, the US Treasury would sell bonds to get the money. See how that's already happening?