How much money was taken from the social security fund during president Reagans white house years?

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2026-05-06 19:35

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When Reagan took office in 1981, the Old Age and Survivors trust fund had a balance of $3.1 billion. When he left office in 1989, the balance was $8.4 billion, so about $5.3 billion was added to the fund while he was President. Of course,

you realize that the fund exists only on paper- its assets consist entirely of promissory notes from the government. Taxes collected for it are spent as soon as they are received.

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