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A list of presidents that borrowed from the social security fund and what they borrowed the money for or what they funded with it?
Wiki User
∙ 12y ago
No President has borrowed money from Social Security. Only Congress can authorize borrowing money.
Art. 1 Sec 8- The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and generalWelfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
Wiki User
∙ 12y ago
Eddie Ramos
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When did you first borrow against social security?
I never borrowed against Social Security, so I'd say the answer is "Never."
What president borrowed the most from Social Security Trust a Fund?
johnson
What are two of programs that FICA funds?
Social Security and Medicare are funded by FICA
How many presidents received payments from social security?
My educated guess is zero. I do not think any US President every collected from social security. Very few recent presidents every worked for wages covered by social security.
Was President Lyndon B Johnson the first President to borrow money from the Social Security Bank?
No, President Lyndon B. Johnson was not the first president to borrow money from the Social Security Trust Fund. Presidents before him, including Franklin D. Roosevelt and Harry S. Truman, had also borrowed from the trust fund to finance government expenditures. Borrowing from the Social Security Trust Fund has been a common practice by several presidents since its establishment in 1935.
What presidents have hit the social security the most?
Barack Obama
What year was it voted to pay medicare out of social security?
Medicare is not paid out of Social Security. The two are funded by different payroll taxes.
How much of the social security has the government paid back of what they borrowed as that interest too?
none
Is social security retirement self funded?
For most as they pay into it over the life of their career with few exceptions.
Where does ssi checks come from?
SSI is administered by Social Security and is funded by general revenues - taxes, etc.
If I got medicaid automatically with social security would it cover me in another state knowing that social security is federal?
Though social security is federal, Medicaid is state funded. You may want to call Medicaid and ask if you will be covered while traveling out of state.
Many federal programs are funded through which allow local or private control over programs?
Social Security
