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No President has ever "borrowed" against Social Security. By law, the Social Security Trust Fund must be invested in Treasury bonds. The problem is that the Federal government has always included the balance in the Trust Fund when calculating the Federal budget deficit, debt, etc. Now that balance is decreasing rapidly.
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∙ 11y ago
President Ronald Reagan did not directly borrow against Social Security. However, his administration did redirect some Social Security revenue to fund other government programs in order to address budget deficits. This approach was seen as a temporary measure to address short-term fiscal challenges and was intended to be repaid in the future.
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How did Ragen barrow from social security?
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Sam Barrow
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Janet Barrow's birth name is Ellen Jane Innes Barrow.
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