WSJ editors include trust fund interest in the amount they say can be diverted to private accounts over the next ten years, and equated that income with payroll tax revenues.

So. Conservatives consider them worthless IOUs only if they are to be used to pay currently legislated benefits, but they generate real interest payments if we legislate a new benefit to be paid to people under the age of 55, as long as they invest the benefits in stocks.

Manipulative b*$#a%@$.