War funding

Did George W. Bush 'borrow' from Social Security to fund the war in Iraq and tax cuts?

Evoke George W. Bush, his income tax cuts and the war in Iraq, and you’re sure to arouse some liberal ire. Suggest that Bush financed those projects by plundering Social Security’s retirement coffers, and you’ve got yourself a popular meme.

"Next time a Republican tells you that ‘Social Security is broke,’ remind them that Pres. Bush ‘borrowed’ $1.37 trillion of Social Security surplus revenue to pay for his tax cuts for the rich and his war in Iraq and never paid it back," reads one version of the meme, which appeared on the Facebook pages of Occupy Democrats andAmericans Against the Republican Party.