The line of argument used consistently by fact checkers is that the Social Security is currently taking in less in revenue than it is paying out in benefits. This deficit must be financed by borrowing. Here is what the fact checkers have overlooked.
Next year, in the name of deficit reduction, Republicans will go after Social Security and everything else that benefits the middle class, and will hold the full faith and credit of our country hostage to get that.
Deficit hawks plotting to cut Social Security to reduce the deficit are seriously misguided. The truth is that Social Security contributes not a single penny to the deficit. Indeed, it is the poster child for fiscal responsibility.