The Social Security Trust Funds are the Old-Age and Survivors Insurance (OASI) Trust Fund and the Disability Insurance (DI) Trust Fund. The OASI Trust Fund began in 1937; the DI Trust Fund in 1957. These trust funds are managed by the Department of the Treasury.
posted on 08/18/2007 1:49:02 AM PDT
(dhimmicrats and the liberal media have .chosen sides -- Islamofascism)
If you think SS was indeed set up as a “trust fund” simply because FDR put “trust fund” in the title, I have a bridge to sell you.
posted on 08/18/2007 4:33:45 AM PDT
What does the Dept.of Treas. really do anymore? I don’t think they are nearly as powerful as they once were. But social security contributions were budgeted separately (honestly that is) until 1968 when Johnson administration budget officials wanted to tidy up the books. It’s really no different than local city officials who raid one solvent department to pay for another budget hole.
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