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Bush ready to raid social security to fund tax cuts. THE faltering American economy could force American President George Bush to break one of his key campaign pledges not to use the country's abundant social security funds to finance other areas of government spending.
5 Things to Know About the New Social Security Claiming Rules. The budget bill signed last week by President Obama included perhaps the most significant change in Social Security benefits since 1983. Back then, Federal Reserve chairman Alan Greenspan led public hearings that helped usher in key reforms.