To what bill are you referring? Social Security became part of the "general fund" under LBJ to make the budget deficit appear smaller so as to hide the true cost of Vietnam. That was how the rape began.
|
To what bill are you referring? Social Security became part of the "general fund" under LBJ to make the budget deficit appear smaller so as to hide the true cost of Vietnam. That was how the rape began. |
|
|
||
|
Thats why he signed the bill allowing congress to rape the social security funds. Really wise? No.....You are lying again. (You must think that if you tell enough lies, some will eventually be believed????):
Q1. Which political party took Social Security from the independent trust fund and put it into the general fund so that Congress could spend it? Most likely this question comes from a confusion between the financing of the Social Security program and the way the Social Security Trust Fund is treated in federal budget accounting. Starting in 1969 (due to action by the Johnson Administration in 1968) the transactions to the Trust Fund were included in what is known as the "unified budget." This means that every function of the federal government is included in a single budget. This is sometimes described by saying that the Social Security Trust Funds are "on-budget." This budget treatment of the Social Security Trust Fund continued until 1990 when the Trust Funds were again taken "off-budget." This means only that they are shown as a separate account in the federal budget. But whether the Trust Funds are "on-budget" or "off-budget" is primarily a question of accounting practices--it has no effect on the actual operations of the Trust Fund itself. |
|
|
hiroad, First thing you got right in a long while. I congratulate you. So many fall for the scare tactic of saying the government is spending the SS trust. You didn't. Good going. |
|
|
hiroad, First thing you got right in a long while. I congratulate you. So many fall for the scare tactic of saying the government is spending the SS trust. You didn't. Good going.
|