WebSep 5, 2024 · Assets in the Social Security trust funds have only been raided by the federal government one time. During the recovery from the Great Recession, there was a 2 … Reagan’s scare tactics worked. Congress passed the Social Security Amendments of 1983, which included a hefty increase in the payroll tax rate. The tax increase was designed to generate large Social Security surpluses for the next 30 years. The public was led to believe that the surplus money would be saved and … See more Instead of being a proud day for America, April 20, 1983, has become a day of shame. The Social Security Amendments of 1983 laid the foundation for 30-years of federal embezzlement … See more The grandiose lie that the Social Security Administration, the AARP, and the NCPSSM, repeatedly tells the public is outrageous. They continue to say that Social Security has enough money to pay full benefits for … See more Let’s have a look at the events leading up to this proposal. Reagan and the government had big financial problems. Supply-side … See more The money was all deposited directly into the general fund and used for non-Social Security purposes. Reagan spent every dime of the surplus Social Security revenue, which came in during his presidency, on … See more
The Social Security myths you should know before the midterms
WebFeb 15, 2024 · Did Congress really raid Social Security? One of the more common theories as to why Social Security is facing a huge long-term cash shortfall is that lawmakers in … flock people
Is This List of Changes to Social Security Over the Years …
WebJan 25, 2013 · Reagan presided over large, necessary, and beneficial reductions in federal income tax rates. For this we can praise him. But he also presided over three destructive tax increases related to Social Security. The original Security tax rate in 1937 was 2 percent on the first $3,000 of income. Then, as now, employers and employees each paid half. WebJun 2, 2024 · President Reagan and the Democrat-controlled Congress agreed with the plan and raised Social Security withholding which immediately resulted in a large surplus in … WebSep 25, 2024 · April 2, 2024 Erin Social Security raid. $2.85 Trillion was raided from the Social Security Trust Fund. It’s funny, people blame Presidents Reagan and Obama the … flock performance targets