Most people are aware that Social Security would actually be in pretty good shape today if Congress had not continually raided the Trust Fund and spent the money on other things over the years. Workers paid payroll taxes for the specific purpose of funding their Social Security retirements, but the only thing Congress saw was a pile of money. As a result, today there’s nothing in the Social Security Trust Fund but a pile of IOUs.
But they didn’t stop there. Congress has also made a habit of raiding another lesser-known budget and diverting the money toward other spending.
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