Johnson used the money to conceal the true national debt,
The Great War on Poverty and NASA. And Presidents after
Johnson just kept on taking the money out of S.S. And
Replacing it with I.O.U.'s. Which by the way are kept in
An office building in Parkersburg, Wv.
"So - how much does the US government owe the Social Security Trust Fund? Let's look to the most recent "Monthly Statement of the Public Debt of the United States
" (courtesy of TreasuryDirect.gov, *.pdf) to get the answer.
On Page 9, we see that the outstanding amount of Treasury Securities to OASI and DI are currently:
OASI - $2,596,371,000,000 (Social Security)
DI - $139,145,000,000 (Disability Insurance)
So, that's almost $2.6 trillion
for the Old-Age and Survivors Insurance trust fund, plus an additional $140 billion
or so for the Disability Insurance trust fund.
Source: SSA.gov - Status of the Social Security and Medicare Programs