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How come the government can take money out of Social Security and spend it?
12-16-2012, 03:23 AM
Post: #8
Crash Offline
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it used actually be a separate fund, Lyndon Johnson was the first president to borrow from it to pay for his great society programs & the viet nam war. he was only able to do this because he had a congress & senate controled by his own party. after that there was no way to pay it back with out greatly increasing taxes so everyone after him just continued to use as a general fund. now its such a large part of the governments income that we would have to shut down all gov. programs for at least 2 years to pay it back so they just use taxes to pay the interest on the loan & nothing on the principal
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[] - Pirate - 12-16-2012, 03:23 AM
[] - BekindtoAnimals22 - 12-16-2012, 03:23 AM
[] - jeeper_peeper321 - 12-16-2012, 03:23 AM
[] - Scott L - 12-16-2012, 03:23 AM
[] - GoGo Girls - 12-16-2012, 03:23 AM
[] - cesc - 12-16-2012, 03:23 AM
[] - crash - 12-16-2012 03:23 AM
[] - B.Kevorkian - 12-16-2012, 03:23 AM
[] - igi - 12-16-2012, 03:23 AM
[] - patriotwww - 12-16-2012, 03:23 AM
[] - rushville1006 - 12-16-2012, 03:23 AM
[] - ggates1982 - 12-16-2012, 03:23 AM
[] - deiracefan_219 - 12-16-2012, 03:23 AM
[] - lillycoo - 12-16-2012, 03:23 AM
[] - DeathsToy - 12-16-2012, 03:23 AM

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