From where does congress borrow money?
Countries around the world
First, No President can borrow money. Only Congress has the power to authorize the government to borrow or spend money. As for the social security fund, the excess of money collected over money paid out always been put into US government bonds which means in a sense that the government is borrowing from it. So, I suppose you might say that Franklin Roosevelt started borrowing from the fund in 1939 when it began.