Let's face the cold hard facts. Our government has borrowed from the Social Security Trust Fund and it has done this for nearly 45 years. I really hate garbage such as this from Debbie Wasserman-Schultz who actually gets paid for bashing Republicans:
Next week, Social Security celebrates its
79th birthday. When President Roosevelt signed Social Security into law, he
wrote:
“We can never insure 100% of
the population against 100% of the hazards and vicissitudes of life, but we
have tried to frame a law which will give some measure of protection to the
average citizen and to his family against the loss of a job and against poverty-ridden
old age.”
79 years later, we’ve protected that sacred trust between seniors and our
country -- growing old does not mean growing poor. But the fact that Social Security
works hasn’t stopped Republicans from trying to privatize it.
Social Security has served
our nation well for 79 years -- help us make sure it sticks around for another
79 years by signing our petition. Social Security has worked for nearly eight decades, and it will continued to
work if we stand up for it.
Thank you.
Debbie
Beginning in fiscal year 1969, (Lyndon Johnson) Social
Security and other Federal programs that operate through trust funds
were counted officially in the budget. This was done administratively by
President Johnson. At the time Congress did not have a budget-making
process. In 1974 (Nixon/Ford) Congress adopted procedures for setting budget goals
through passage of annual budget resolutions. Like the budgets prepared
by the President, these resolutions were to reflect a "unified" budget
that included trust fund programs such as Social Security in the budget
totals.
Beginning in the late 1970s, (Jimmy Carter) Social Security faced financial problems,
and over a period of time legislation was enacted to restore the
financial health of the program. However, because the Federal budget
deficit remained large, interest in reducing Social Security spending
continued. This routine consideration of Social Security constraints led
to concerns that cuts in Social Security were being proposed for
budgetary purposes rather than programmatic ones.
In response to this concern, a series of measures were enacted in 1983,
1985, and 1987 (Ronald Reagan) making the program a more distinct part of the budget and
permitting Congressional floor objections (points of order) to be
raised against budget bills containing Social Security changes. Source: Snopes
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