SS does not count against the deficit ... it is legally off-budget. Only the Enron style "unified budget" counts the SS surplus, and the Enron guys are going to jail<G>!
The CBO uses the Enron budget. Beside they are wrong about the improvement to the deficit. Most of the so-called surge in taxes was due to non-withholding taxes from the RE bubble (look it up!). Gee ... I wonder if that will continue? ROFLOL.
If you think I'm wrong about the deficit, go to the US treasury:
publicdebt.treas.gov
$7,757,824,559,756.40 Debt outstanding May 10, 2005
$7,136,491,126,797.91 Debt outstanding May 10, 2004
Increase in National Debt over the last 12 months = $620+ Billion. Yawn. $350 to $400 Billion is nonsense.
I'm right. Don't be fooled by the accounting gimmicks! |
