All over the news yesterday: Retiring baby boomers could drain Social Security, below explains why this is happening!! 1968: raided the Trust Fund to help pay for the Vietnam War Today, the federal government automatically puts all of the money that should be set aside for the Social Security Trust Fund into the General Fund. Raiding the Social Security Trust Fund was a precedent set in 1968 by another progressive president, Lyndon B. Johnson, to help pay for the Vietnam War. To date, the federal government has borrowed over $2 trillion from the Social Security Trust Fund to spend on other programs.
Posted on: Wed, 31 Jul 2013 13:34:58 +0000
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