Yes,
OK, let's get realistic. If by "raid" we simply mean that Washington has been able to "use" our payroll taxes for something other than supporting Social Security, then there might be a case to be made. The Reagan administration famously used the hike in payroll tax receipts in the 1980s - which was already scheduled in the 1977 Amendments, Reagan and Congress just moved the dates up - to compensate for the tax cuts he'd pushed through in 1981, and which had ballooned the deficit. Since then, ordinary workers' payroll taxes have essentially be used to pay for tax cuts for the affluent.
ronald reagan
Reagan started taxing Social Security in 1984 up to 50%. Clinton raised it to up to 85% around 1993.
Reagan
Reagan and the government had big financial problems. ... The mechanism, which allowed the government to transfer $2.7 trillion from the Social Security fund to the general fund over a 30-year period, was the brainchild of President Ronald Reagan and his advisers, especially Alan Greenspan.
President Ronald Reagan's solution to the rising costs of Social Security was to enact a series of reforms in 1983. These reforms included gradually increasing the retirement age, expanding the base of workers subject to Social Security taxes, and implementing a system of cost-of-living adjustments tied to inflation. The goal was to ensure the long-term financial stability of the Social Security program.
I recall a news or whatever interview with Ronald Reagan where the interviewer asked Reagan why, with all his wealth, he was receiving social security. He responded that he paid into it and was therefore qualified to receive it and so he was.
Social security benefits became taxable income in the year of 1984.
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.
The Social Security Administration issues Social Security numbers.
SSA, as used in "Social Security" is the abbreviation of the agency itself - Social Security Administration. http://encyclopedia.thefreedictionary.com/Social+Security+Administration
SSA, as used in "Social Security" is the abbreviation of the agency itself - Social Security Administration. http://encyclopedia.thefreedictionary.com/Social+Security+Administration
You don't buy a social security number. You go to your local social security office and apply to receive your own personal social security number.Buying a social security number is against the law.