When Did We First Start Looting Social Security?

Discussion in 'Politics' started by IndependntLogic, May 1, 2012.

  1. IndependntLogic
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    IndependntLogic Senior Member

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    Seems like it's been going on for decades. Does anyone know when we first started raiding it?
     
  2. Claudette
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    Claudette Gold Member

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    Under LBJ. He needed money for the Vietnam war and he found a way to get it. SS
     
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  3. California Girl
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    California Girl BANNED

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    Ahhh, yes. "Mom, the Democrats stole my lunch money". :lol: An inconvenient truth.
     
  4. peach174
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    peach174 Gold Member Gold Supporting Member Supporting Member

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    SSI was passed in 1935 and 33 years later in 1968 President Johnson started taking the surplus from SSI to pay for the Viet Nam War, War on Poverty and NASA, because he did not want to raise taxes to pay for his expanded government.
    The Dem's have never paid it back and neither has the Repubs.
     
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  5. Claudette
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    Claudette Gold Member

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    Don't hold your breath for that to happen.

    If SS had money believe me those clowns would find a way to steal it.
     
  6. Dick Tuck
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    Dick Tuck Board Troll

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    We went to the unified budget in 1965. LBJ used the gimmick to hide the costs of the Vietnam war.
     
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  7. iamwhatiseem
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    iamwhatiseem Gold Member

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    SS will run out of money before 2030...it will happen as governments own accounting office said so repeatedly.
    And yet - nothing is being done to repair that. Not even by the anointed one himself. Just another example of Obama's hope but no change.
     
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  8. eflatminor
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    eflatminor Classical Liberal

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    What, are you questioning our dear leaders? Stop it please. Our central planners know far more than any of you peasants about what is best for you and how to spend your money.

    All is well, all is well...
     
  9. uscitizen
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    uscitizen Senior Member

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    We have actually been looting it from almost day one.
    Issuing junk bonds for the surplus and spending the surplus.
     
  10. Mr.Nick
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    Mr.Nick VIP Member

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    At least since the late 60's...

    Now there is no social security "account" - the government is paying individuals out of pocket.

    The government stole all the pennies from the penny tray and put none back...
     

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