You pick which one!
Choice No. 1:
On July 12, 2011, Obama told CBS’s Scott Pelley that if he and the Republicans “haven’t resolved” the budget and debt problem, he could not guarantee that Social Security checks would go out on August 3, the day after the government is supposed to reach its debt limit, “because there may simply not be the money in the coffers to do it.”
Choice No. 2:
“Social Security benefits are entirely self-financing. They are paid for with payroll taxes collected from workers and their employers throughout their careers. These taxes are placed in a trust fund dedicated to paying benefits owed to current and future beneficiaries. … Even though Social Security began collecting less in taxes than it paid in benefits in 2010, the trust fund will continue to accrue interest and grow until 2025, and will have adequate resources to pay full benefits for the next 26 years.”