When was money first borrowed from the SS fund?

How many presidents signed an IOU for borrowed SS money and never paid it back?

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.

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.

How much money did George W. Bush borrow from SS?

George W. Bush raided and spent a total of $1.37 trillion of Social Security surplus during his eight years as president. In his last year, he spent $192.2 billion, which averages out to more than $526 million per day.

CAN SS OFFICE AT CLEVELAND ST. IN CLEARWATER FLORIDA HANDLE DIRECT DEPOSIT TRANSFER OF SS FUND FROM ?

CAN SS OFFICE AT CLEVELAND ST. IN CLEARWATER FLORIDA HANDLE DIRECT DEPOSIT TRANSFER OF SS FUND FROM ONE BANK TO ANOTHER

Who first borrowed from SS trust fund?

The first borrowing from the Social Security trust fund occurred in 1983, when the U.S. government began using surplus funds from the trust to help finance the federal budget. This borrowing was made possible by changes in the Social Security system enacted by the 1983 amendments, which aimed to address funding shortfalls. The trust fund was designed to accumulate surpluses during times of economic prosperity, but these funds were later used to offset general government expenses.

Did Roosevelt use SS fund to build the atomic bomb?

no

Did Kennedy borrow money from social security?

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 so called Social Security Trust Fund exists in name only, and they are comingled with the general fund. The above is an over-simplification of the SS Fund. Money collected for SS goes to the SS Administration, which uses the proceeds to pay out current claims, then looks to put the surplus funds into some place to save it for future use. The safest place to invest such money turns out to be U.S. Treasury bonds - thus, the SS Administration goes to the bond market, and buys US Treasury bond. These bonds are a U.S. Government "I.O.U." to the holder, to pay them back their principle, plus X amount of interest, 30 years (usually) in the future. Thus, the funds' AREN'T co-mingled, or "raided", or otherwise. Rather, the SS Administration is the largest creditor of the U.S. government; the impact of this is that Congress has become lazy, being seduced by the easy availability of credit (as they can count on the SS Administration to buy any U.S. Treasury bond that Congress has them float to pay for projects). The concern is that the normal U.S. budget (which does NOT include the SS fund) has failed to account for the fact that the SS Administration is lowering its purchase of bonds (as the yearly expenditures of the SS go up while SS revenue goes down, due to demographic changes), and that the SS Administration will shortly begin to actually cash in bonds (i.e. expecting money back). The normal U.S. budget hasn't taken into consideration that the SS Administration won't be a huge creditor anymore, and, in fact, will begin to "pull out" money from the U.S. government, rather than invest in it. The above is complex, but, the reality is that the actual SS fund ISN'T directly being raided for anything. Rather, the normal U.S. budget process has become addicted to the easy credit that the SS fund has provided. As a side note, the time period where the SS annual expenditures outweighs annual revenue is coming soon - likely sometime around 2023. However, the actual Fund itself still has significant savings at that point, and it will take about another 15 years before the fund is actually "broke" (i.e. has redeemed all the U.S. bonds it has, and still expenditures outweigh revenue).

What is the difference between SS and the SS Trust Fund?

Social Security is the whole of the system. The Social Security Trust Fund represents that money that has been paid into the system, but has not yet been paid out, and since you can't just leave a big pot of money sitting out around politicians, they've since stolen and used to fund other government programs. Okay, "stolen" might be too harsh a word, but it's looking increasingly unlikely that they will ever be able to pay it back.

Why is SS Checks being mailed out later in the month?

I think the reason SS are being mailed out later in the month is - to save the Government more Money , it adds up . when you first start your SS they hold you back a month ( never get that back) and now it will be 5 days later to get my SS saving the government 5 days of my Money .

When was the Chevy Trailblazer SS first introduced?

The Trailblazer SS was first introduced in 2006.

if a parent is on ss cud his kids claim ss or get money from him?

Your children will receive survivor benefits if you were to die.

Who is the purpose of ss tax?

To fund the Social Security program. The SS program pays old age and disability pensions to covered workers. The SS tax has been taking in much more than is needed to cover the costs of the program. The excess has been used for general federal government programs. The federal government has issued itself preferred bonds promising to repay itself the excess when the SS tax begins to take in less than the cost of the SS program. The collection of these bonds is called the "Social Security Trust Fund."