The SSA can get funds to pay beneficiaries by redeeming trust fund securities, hence the analogy of withdrawing from the family savings account.

Only if the political will to create dollars to recapitalize the securities remains. Bonds destroy reserves, which is their primary function. When we did the gold standard nonsense that act of destroying capital reserves against the gold reserve allowed room for additional spending by Congress.

The Fed provides the funds for disbursement by selling bonds which raise the national debt back up.

Treasury bonds simply revert to their former status as reserves in Treasury's general account when they mature. I could see the potential for maintaining a level of bond holdings as a method of tricking the econ illiterate public, but wouldn't it be much better to honestly provide incomes that allow dignity for our elderly and disabled as an expectation of a civilized society and a true government "for the people"?

The Fed shouldn't have to issue bonds to get the cash to back the SS payments. That's just needless complexity regardless of our respective views on the use of bond sales and purchases as instruments of monetary policy.

I fully agree in principle. I also don't think our government should deduct from wage earnings to provide for retirement or disability. Fifteen percent of working class earnings is destroyed to present the illusion of funding retirement and medical care in our old age. That would be one heck of a stimulus or savings/investment.

Other countries fund it without as much subterfuge because they don't have a party of politicians with the level of dedication to the wealthy, willing to create hardship for the working class to keep it subservient, that we suffer from.