Originally Posted by 45_100
If I remeber correctly Johnson raided SS funds to finance his Great Society boondoggle.


LBJ didn't take any money from the so called SS Trust Fund because the was no money in to take. All the SS fund has ever had in it is Treasury notes (IOU's for the money the Treasury had already spent). Those Treasury notes (if they ever actually existed) didn't have had any actual cash value because the are both and asset and a liability. LBJ started counting them as an asset only so it would look like Treasury had more money than it actually did to convince Congress to approve his "Great Society". I've always hated LBJ even more than I hate Obama.