Breaking News Bar
updated: 7/26/2011 5:39 AM

Handling of Social Security is mob-like

Success - Article sent! close

FDR introduced Social Security; participation was voluntary. It was put into an independent trust fund, not a general operating fund.

LBJ moved it to a general fund during a Democratic Congress. Clinton and Gore passed legislation so 85 percent of Social Security can be taxed. Democrats gave immigrants Social Security at age 65 although they did not pay into it.

Order Reprint Print Article
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

Please explain to me the difference of the government tapping into a trust fund and what the Chicago Mob did with the Teamsters Fund.

Charles Brown


Share this page