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What president put social security into the general fund?

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When will the Social Security fund run out of money?

It will not unless our country has no money ever again but that will not ever happen. Money that is collected from employees and employers via the FICA tax goes into the soc

Did President Kennedy use Social Security assets to fund NASA?

Roosevelt used SS funds to build the Atomic Bomb, Truman used SS Funds, Eisenhower used SS to build the Interstate and Kennedy and every President since has used SS Funds. The

How does social security retirement get its funding?

Legal businesses who employ individuals for work in exchange for money in the USA have a tax ID number that is unique and attached to all finances which is on file by the Inte

Why did President Johnson put Social Security Funds into the General Fund?

He didn't. By law, Social Security funds are deposited into the Social Security Trust Fund and cannot be deposited into the general fund. To add to my colleague's succinct an

How does Social Security Disability get funded?

SSDI or social security disability insurance is a paid into program. People receiving it must have worked 20 of the last 40 quarters (5 consecutive years) and are paid money e

Who was the first president to start borrowing from social security trust funds?

President George W. Bush. His son, the other President Bush  borrowed severely from the social security fund and brought us to  where this country is today.   Actually S

When was Social Security put into the general fund?

The Social Security Trust Fund was established in 1939 to receive monies collected for Social Security through payroll taxes. The monies in this fund are managed by the Depart

What year was Social Security moved from the trust fund to the General fund?

It never was. The way the funds were accounted for changed in 1969, but the funds from the Social Security trust have never been moved into the general fund. The practice of a