Well, honey, that would be President Lyndon B. Johnson. He decided to dip into the Social Security Fund back in 1968 to help cover some government expenses. It's like borrowing money from your grandma's purse - not the best idea, but hey, desperate times call for desperate measures.
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.
I never borrowed against Social Security, so I'd say the answer is "Never."
Reagan
President Eisenhower was the first President to tap into Social Security, but he was the last President to pay it back.Most all Presidents since then have tapped into the Social Security. There is really no money in Social Security, it has been subsidized and paid for by today's income earners, due to the pilfering over the years of the fund.This fact is not a true referendum as to whether Social Security is a failure; it's our politicians that have failed us not the program, which has kept so many elderly out of poverty over the many years. I would consider that a big success.
The Social Security Act was signed into law on August 14, 1935. It was signed by President Franklin Roosevelt. Taxes were collected for the first time in January 1937.For more information, go to Social Security History FAQ screen, www.socialsecurity.gov/history/hfaq.html.
Social Security Card issued in California.
social security administration Public works administration
Evidently not, since he is using an illegal social security number.
No president can raid the social security fund. The President has no control over the social security fund . Only Congress can put money in or take money away from social security. No money has ever been actually set aside for social security. Money collected for social security has always been spent as quickly as it comes in. A record is kept and the fund is credited with the amounts taken in and debited for money paid out . They even add interest to the balance of fund, but no real money.
The first person to receive a social security number is actually unknown. See Related Links.
Social Security numbers were first issued by the Social Security Administration in November 1935, more than 2400 years after Pythagoras died.
Obama has hundreds of social security numbers. Check out defendourfreedoms.com and check it out yourself. The matter has been brought to the attention of the attorney general but no word on anything yet.