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Politics : Electoral College 2000 - Ahead of the Curve
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To: Joe NYC who wrote (5594)12/10/2000 4:18:03 AM
From: TraderGreg  Read Replies (2) of 6710
 
<<I believe this year (or last) was the first year when the Goverhment recorded the first surplus, if Social Security was excluded. It is theoretically possible for the debt to go up despite of that, since there are some off balance sheet items. These are probably minor, but still can cause an increase in debt, even though the official budget is in surplus.>>

That is right, but in terms of relative change, we have still had a 500 billion dollar swing from fy1993 to fy2001(projected). Social Security revenues/expenditures have been included since the late '60s.

Now, please explain that to Mama Bear.

TG
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