Has Money Been Borrowed From Social Security. The money is legally held in a special type of bond that by law cannot be used for any other purpose other than to put the money back into the fund. Remember when president obama said that the government may not have the money to send out social security checks if the debt ceiling wasn't raised?
Home › how much money has the government borrowed from the social security fund. It does not contribute to the federal deficit or the debt. Republicans say the social security program has to borrow money to stay afloat, making it a key part of the national debt crisis.
How much money has been borrowed from the social security fund?
Us government has borrowed trillions from social security trust fund remember the debt ceiling situation in the summer of 2011? In other words, they don't believe the money is there. It’s funny, people blame presidents reagan and obama the most. Much of that money has been refinanced with loans made from social.