I was cracked open by Johnson for his “War On Poverty”, “The Great Society” and other “entitlements”.
Worse than that, if you take the time to visit your local SS office you will puke from what you see! The place is filled with the “Great Society” riff raft ahead of every one else to get handouts.
Concurrent with transferring SS tax money to the general fund for bonds, the percentage rate of withholding was increased and the maximum amount withheld per year was raised. The increased rate and max cap would allow the "trust fund" to grow at a more rapid rate and better prepare for the arrival of the "baby boom".
Regards,
GtG