Question about Computers & Internet

1 Answer

Who was president the first time the government borrowed fro the social security trust fund?

Posted by on

Ad

1 Answer

  • Level 3:

    An expert who has achieved level 3 by getting 1000 points

    Superstar:

    An expert that got 20 achievements.

    All-Star:

    An expert that got 10 achievements.

    MVP:

    An expert that got 5 achievements.

  • Computers & ... Master
  • 14,809 Answers

Lyndon Johnson was the first president to borrow from the Social Security Trust Fund. He needed to pay for the Vietnam War. Next was Ronald Reagan and the military buildup of the 1980s.

Posted on Dec 15, 2016

Ad

1 Suggested Answer

6ya6ya

6ya staff

  • 2 Answers

SOURCE:

Hi there,
Save hours of searching online or wasting money on unnecessary repairs by talking to a 6YA Expert who can help you resolve this issue over the phone in a minute or two.

Best thing about this new service is that you are never placed on hold and get to talk to real repairmen in the US.

Here's a link to this great service

Good luck!

Posted on Jan 02, 2017

Ad

Add Your Answer

Uploading: 0%

my-video-file.mp4

Complete. Click "Add" to insert your video. Add

×

Loading...
Loading...

Related Questions:

2 Answers

72 years old, supply veg fruit under privelege people with food.having cashflow problem R40 000 to better transport. using bantam currently its inefficient I would borrow amount 082 444 3745 Sakkie


Ask at your local churches/mosques/synagues - often they provide support for non-government social services.

Ask at local schools for a student project - students often are asked to prove volunteer work and fund-raising efforts when applying for university admission and would want to help by running bake/cake sales, car wash projects, etc.

Apr 22, 2018 | Refrigerators

1 Answer

I am waiting for my new direct express card and I need to know if my social security check will be in there as soon as I get my card?


Are you saying you are just signing up for a SS card? If so, you are not eligible for benefits until you apply for social security. And even then, you must have worked and contributed sufficient funds to quality for a monthly payment from the government. It's not clear from your question as to what your status is.

Nov 02, 2017 | Express Computers & Internet

1 Answer

Who made Social Security benefits taxable?


Q3. Which political party started taxing Social Security annuities?

A3. The taxation of Social Security began in 1984 following passage of a set of Amendments in 1983, which were signed into law by President Reagan in April 1983. These amendments passed the Congress in 1983 on an overwhelmingly bi-partisan vote.
The basic rule put in place was that up to 50% of Social Security benefits could be added to taxable income, if the taxpayer's total income exceeded certain thresholds.

The taxation of benefits was a proposal which came from the Greenspan Commission appointed by President Reagan and chaired by Alan Greenspan (who went on to later become the Chairman of the Federal Reserve).
The full text of the Greenspan Commission report is available on our website.
President's Reagan's signing statement for the 1983 Amendments can also be found on our website.
A detailed explanation of the provisions of the 1983 law is also available on the website.

Aug 30, 2017 | MADE Computers & Internet

1 Answer

Isn't it true that the Government has been "borrowing" from The Social Security account for many years?


Yes that is true. It will be bankrupt in 20 years they say. I will be dead by then do don't really care.

Jun 30, 2017 | The Computers & Internet

1 Answer

President Trumps cut to meals on Wheels. Will it shut the program down?


No it won't as it gets the majority of it's funding from other sources

Mar 19, 2017 | Government

2 Answers

Is it true that the Senate voted to steal $150 Billion dollars from social Security



It happened on the 30th of October 2015.
3am 30/10/15, while America was sleeping, the senate voted to steal $150 billion dollars from the Social Security Trust Fund. Just remember, a vote to raid social security in the middle of the night in a desperate attempt to perpetuate an unsustainable spending addiction isn't a sight of strength, it is a sign of weakness." If ever there were a reason to PRIVATIZE social security and Medicare, this is it. Congress has broken their promise, and ripped us seniors off. Fire the Government. Senator Rand Paul filibustered until 2am this morning, an exercise in futility, where the Senate joined with the House to "borrow from peter to pay Paul," raid social security and pay down a myriad of other bureaucratic debts. The debt ceiling was raised as high as the sky until 2017.
Social Security 150 billion raided by Congress today

Nov 02, 2015 | Computers & Internet

1 Answer

Can I Complete Several Government Funding Applications For My Business?


Yes, you are able to apply for the government funding programs that you satisfy the needs. However, a small percentage of presidency funding programs prevent candidates from receiving funds using their company programs.

Oct 16, 2015 | Computers & Internet

1 Answer

Is it true that Social security checks are going to be renamed to Federal benefit checks


It's true that Social Security retirement payments are classified as "federal benefit payments." The word "benefits" has been applied to Social Security retirement payments since the Social Security program was enacted in the 1930s. The terminology is also not unique to Social Security, as the phrase "federal benefit payments" applies to a broad class of payments made to (or on behalf of) individuals under federal government programs - everything from Social Security Disability Insurance to Medicare to farm subsidies are considered "federal benefit payments." The fact that workers themselves contribute much of the money that goes into the Social Security retirement fund doesn't affect its classification as a benefit. They benefit the person who cashes the check.

Feb 18, 2015 | Computers & Internet

Not finding what you are looking for?
Computers & Internet Logo

Related Topics:

46 people viewed this question

Ask a Question

Usually answered in minutes!

Top Computers & Internet Experts

Ekse

Level 3 Expert

13434 Answers

Marvin
Marvin

Level 3 Expert

85216 Answers

Brad Brown

Level 3 Expert

18121 Answers

Are you a Computer and Internet Expert? Answer questions, earn points and help others

Answer questions

Manuals & User Guides

Loading...