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To: Blood of Tyrants

Actually, and I am REALLY surprised she mis-stated it, it was LBJ who raided the SS “Trust Fund” to pay for the Vietnam War.

FRom: https://www.ontheissues.org/celeb/Lyndon_Johnson_Social_Security.htm#7

“. . . This question comes from a confusion about 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 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.’”


40 posted on 06/23/2023 7:05:33 AM PDT by Taxman (SAVE AMERICA! VOTE REPUBLICAN IN 2023 AND 2024!)
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To: Taxman

More on the SS “Trust Fund”:

https://moneymorning.com/2017/03/31/the-social-security-trust-fund-is-just-a-stack-of-ious-in-a-west-virginia-filing-cabinet/

It was a fraud from day one.

To this day many Freepers still refuse to believe it.


42 posted on 06/23/2023 7:17:47 AM PDT by cgbg (Claiming that laws and regs that limit “hate speech” stop freedom of speech is “hate speech”.)
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