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To: KyrosL who wrote (24133)6/5/2000 10:21:00 AM
From: Les H  Read Replies (1) | Respond to of 42787
 
OT *** That's a cash flow surplus not a real surplus. The CBO figures show a small deficit for 1999. They don't set aside funds for the SS outflows in the future years as well as the 'interest earned' on current debt held by SS. Back in 1996, they (Greenspan, Congress, and Clinton) resolved to rejigger the CPI by 1.5 percentage points lower. The estimate then was that for every 1 percent drop in CPI, the budget deficit would drop by $ 135 billion.


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