fordy said:
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Except you made it sound like this was so new trend under reagan. Which was my point. It wasn't. Therefore there was never a real surplus.
As for why they should be able to do it? Social Security is and always has been a "pay as you go" system.
The very fact that Fica taxes were used to pay other peoples social security instead of actually being a savings program makes it so. FICA taxes are no different from any other tax.
The whole talk of surpluses have always been a myth because FICA has always been like every other single tax that's existed.