1967: LBJ and the democrats in Congress folded the SS trust fund into the general budget to hid the cost of the Vietnam War. For all the idiots who talk about how much Iraq cost or how money was wasted, here is your classic example of corruption and you should be pissed....but you're not. They are your people who did it. Originally Posted by JD BarleycornYou are 100% correct but you omit what Ronnie did in 1986!
http://www.examiner.com/article/8-re...f-our-lifetime
. Reagan raided the Social Security Trust fund -
With Ronald Reagan cutting taxes so drastically, the U.S government was beginning to starve....
....Listening to Alan Greenspan and other advisers, Ronald Reagan raided the Social Security Trust Fund and replaced it with glorified IOU's. Ronald Reagan raised the Social Security tax rate which did add to the revenue, but because there is a cap on Social Security, currently no income over $113,700 is taxed for Social Security, the wealthy didn't feel the tax increase and the pain was pushed to the middle and lower classes.