that's a damn good question. The crucial point being "paying"? The bonds are accruing interest, but the bonds and their interest remain inert in the trust fund... the bonds can not be paid out to the beneficiaries; which is the whole point of my top post. The trust fund is owed to the beneficiaries. So those bonds are owed to the beneficiaries, so let's give them to the beneficiaries... if we can't do that, then let's address those bonds and clear them out. What we have right now is a clusterf*ck; the bonds are scored as part of our national debt while simultaneously being totally ineffective towards circulation. Lehman Brothers went bankrupt from holding worthless bonds. The Trust Funds are going bankrupt from holding these place holder bonds. Technically, the bonds are due and payable, but when you try to do that with them, you find out it can't be done. To date, not a single dollar has been paid out to a single beneficiary from those bonds! And yet, there's over $3.5 Trillion of them sitting in the SS Trust Fund alone. We've got the smartest banker in the nation running the Treasury for the past 4 years and he hasn't come up with a single idea about what to do with these bonds.