Someone explain it to him, please

PGL over at Angry Bear wrote,

Maybe someone can point out to Luskin that the Soc. Sec. Trust Fund has almost $2 trillion in reserves and is currently running surpluses.

Maybe someone can point out to PGL that the so-called "Trust Fund" is by law invested in low-grade Treasuries. Therefore, there are only IOUs in there.

Maybe the same person can point out to PGL who gets to repay the so-called "Trust Fund" -- and it's not a jolly fat guy in a red suit.