Birdwatch Note Rating
2024-03-05 07:28:15 UTC - HELPFUL
Rated by Participant: 77F3621FF8FA173FA4ACD668DF010C276EAE695AC375074FD5F7766FA71A337C
Participant Details
Original Note:
No, Congress does not directly spend Social Security reserves. Social Security is funded through payroll taxes, and these funds are deposited into the Social Security Trust Fund. Americans owe a total $1.13 trillion on credit cards, not 2 trillion. https://www.cbpp.org/research/policy-basics-understanding-the-social-security-trust-funds https://www.cnbc.com/2024/02/06/credit-card-balances-jump-to-new-1point13-trillion-record-at-end-of-2023.html
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