Exactly
The geriatric FR crowd doesn’t get this simple fact.
Had they not had their thumbs up their asses in the ‘80s when Reagan and a Democratic Congress changed SS, they would have had far less stolen from them.
http://www.bloombergview.com/articles/2015-04-10/social-security-and-the-ghost-of-ronald-reagan
As a fallback, the trust funders say that the bonds convey some sort of moral obligation. We made a deal with people, they say: higher taxes in the 1980s and onward in exchange for promised benefits. Because the program was overfunded in the early years, a significant chunk of those (regressive) payroll taxes helped fund Ronald Reagan’s tax cuts for the wealthy. Now that it’s their turn to pay higher taxes to fund Social Security, they’re trying to welsh.
More accurately, those taxes funded the spending growth authorized by the Democrat Congress during the Reagan years.
Every tax payer enjoyed the benefits of Reagan's tax cuts and "Reagan's tax cuts for the wealthy" is nothing more than liberal Democrat mantra.