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How many presidents signed an IOU for borrowed SS money and never paid it back?
Wiki User
∙ 11y ago
I am not sure what you want to know. Presidents can not borrow money from the US treasury, nor do they sign notes for such loans.
The social security trust fund was begun in 1939. The money in the fund has always been "invested" entirely in US government bonds which means its full balance was always borrowed from by the government. SS does not really have any money , except the government IOU's in its fund. Of course, it is not the President, but the Congress which controls the money and if changes are to be made, Congress would have to pass the laws to make them.
Wiki User
∙ 11y ago
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