No President has borrowed money from Social Security. Only Congress can authorize borrowing money.
Art. 1 Sec 8- The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and generalWelfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow money on the credit of the United States;
I never borrowed against Social Security, so I'd say the answer is "Never."
johnson
Social Security and Medicare are funded by FICA
My educated guess is zero. I do not think any US President every collected from social security. Very few recent presidents every worked for wages covered by social security.
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.
Barack Obama
Medicare is not paid out of Social Security. The two are funded by different payroll taxes.
none
SSI is administered by Social Security and is funded by general revenues - taxes, etc.
For most as they pay into it over the life of their career with few exceptions.
Though social security is federal, Medicaid is state funded. You may want to call Medicaid and ask if you will be covered while traveling out of state.
The government has not consistently paid all interest on money borrowed from the Social Security Trust Fund (SSI). While the trust fund earns interest on its reserves, the actual payments to beneficiaries are funded through current payroll taxes and general revenue. In times of budget deficits, the government may borrow from the trust fund but does not always ensure full repayment of interest, leading to concerns about the long-term sustainability of Social Security benefits.