Has Money Been Borrowed From Social Security. The federal government hasn't pilfered a dime from social security. The portion of that $22 trillion that has been borrowed from the social security and medicare surplusses will vary each year and has been declining recently because those surplusses are being spent down due to longer life expectancies and the relatively large number of retiring baby boomers.
The seniors center president dan perrin answered “ has the u.s. Danielss grave concern, the federal government has never borrowed money to pay for social security the program has always been financed by payroll taxes. In plain english, social security was in deficit mode.
In other words, they don't believe the money is there.
The seniors center president dan perrin answered “ has the u.s. Has social security been raided? If the folks who believe that congress stole from social security got their way, and the federal government repaid every cent it borrowed, social security would have lost out on this $83 billion in interest income in 2018. The portion of that $22 trillion that has been borrowed from the social security and medicare surplusses will vary each year and has been declining recently because those surplusses are being spent down due to longer life expectancies and the relatively large number of retiring baby boomers.
