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Politics : PRESIDENT GEORGE W. BUSH
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To: Kenneth E. Phillipps who wrote (311996)10/29/2002 5:44:55 PM
From: David Lawrence  Read Replies (1) of 769667
 
>>Wrong! It was Eisenhower who placed Social Security in the combined budget.

You are wrong. It was first made part of the unified budget under Johnson. He appointed a commission to study the accounting of the various trust funds in 1968, and they recommended the possibility of a unified budget approach. He was facing a deficit in his final budget, and the surplus in the SSA trust fund in a unified budget would have put him in the black. So, he presented a balanced (surplus) unified budget for FY '70, as has every President since.

Further, the Unified Budget was codified by a DEMOCRATIC congress in the Budget Act of 1974. From that point forward, the inclusion of the SSA surplus or deficit was included in the overall budget as a matter of law.
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