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Originally Posted by Cardus
What is true is that the notion that there is a "Social Security Lockbox" -- funds distinctly separated from the general budget -- is a lie.
I remember Bob Novak's column about a decade ago in which he attended a Daschle speech in which he cited the "lockbox" numerously.
Immediately after the speech, Novak confronted Daschle about his "lockbox" statements, and Daschle admitted that the "lockbox" did not exist.
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right, and just think how solvent social security would be if there was a lock box. but no, it was included in the general fund (medicaid as well) which caused a huge influx of money, which meant other spending went up-and there went social security. both the federal income tax (a temporary tax they claimed at the time) and social security/medicaid were enacted in the 20th century. federal growth and spending increased dramatically in kind. the more you make, the more you spend-and nowhere is that more true than with the feds.