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- #61
seems those damn democrats like to take what isn't theirs to takeJohnson added SS to the US BUDGET,Yup Social Security was not part of the General fund until early 1990's under Clinton and before the republicans took over Congress.It was Clinton who took social security and placed it into the general fund that gave him a surplus.I believe it was president Johnson, that combined social security revenues and expenditures in to the total, overall budget, so that LBJ could mask the amount of tax dollars spent on the VietNam war/defense....by SS spending put in to the discretionary budget, it made the percent of tax monies spent on the war, a smaller percentage....That is because the Democrats that controlled Congress voted for SS funds to be general funds, their logic, if you can call it that, is that the US Government would keep track of what was owed and replace the funds. Of course one must ask where the money to repay what they took comes from since they spend every penny they get.
Johnson did not do this to steal SS Surplus monies to use for what income taxes should be paying....
There were no social security surplus funds to rob or borrow from, until Pres Reagan increased and doubled our payroll taxes on SS from 3% to 6%, two decades later.
Tax increases for Social Security were doubled during Reagan, so SS surplus tax collection began shortly afterwards.... Bush 1, was the first to have SS surplus funds in the general budget, that was spent via borrowing them, by Congress, not Clinton....
BUT under Clinton and Bush 2, there were hundreds of billions of excess/surplus social security taxes collected and borrowed on....