Over $2.8 Trillion Dollars Raided from Social Security

Elderly woman holding sign saying she is homeless
Over $2.8 Trillion in American Social Security Retirement Savings has been spent on programs other than Social Security.

16 Years ago, Congresswoman Marcy Kanter pleaded with her colleagues to end the raid of the Social Security Trust Fund.  At that point Congress had spent an inconceivable amount, $235 Billion.  No one could have imagined that the raid would last this long or that it would ever reach over $2.8 Trillion.

“The truth is that House leaders have turned their back on America’s senior citizens and are raiding billions every day from our Social Security trust fund. …The total raid has run now to over $235 billion. That averages out to about $837 for every single American who will qualify for Social Security. When I first came to this floor 4 weeks ago, they dipped into the Social Security trust fund to a raid of $208 billion, and in just 4 weeks, that has gone up an additional $27 billion.”