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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.
What else can I help you with?
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.
When did you first borrow against social security?
I never borrowed against Social Security, so I'd say the answer is "Never."
What was the first time social security was raided by congress and the President and who was the President?
Reagan
Which was the first political party to tap into social security?
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.
What year was social security first taken out of payroll taxes?
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.
Where are you from with 550 as the first social security number?
Social Security Card issued in California.
What were two of the program's President Roosevelt put into place during his first year in office?
social security administration Public works administration
Did FBI investigate Obama when he first became president like you would expect them to?
Evidently not, since he is using an illegal social security number.
Which president raided social security?
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.
Who was the first person to get a social security number?
The first person to receive a social security number is actually unknown. See Related Links.
What is Pythagoras social security number?
Social Security numbers were first issued by the Social Security Administration in November 1935, more than 2400 years after Pythagoras died.
When Was Obama issued a social security number?
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.
