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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (312544)	10/31/2002 2:06:06 AM
From: David Lawrence	Read Replies (1) \| Respond to of 769667

Karen, if you can coax a couple of more of those brain cells into working, you'll see the point was who was responsible for including the social security trust fund surpluses in the federal budget. I stand slightly corrected as to the budget year, but responsibility lies clearly with Johnson, whether you like it or not. It was the FY '69 budget, which began October '68. That was Johnson's budget. Period. Nixon was elected in '68, but did not take office until '69. Johnson's budget, the first to include the social security trust fund surplus in a unified budget, was already in place when Nixon took office. From the Office of the Chief Actuary, Social Security Administration ssa.gov Beginning in fiscal year 1969, Social Security and other Federal programs that operate through trust funds were counted officially in the budget. This was done administratively by President Johnson. At the time Congress did not have a budget-making process. In 1974 [a Democratic controlled] Congress adopted procedures for setting budget goals through passage of annual budget resolutions. Like the budgets prepared by the President, these resolutions were to reflect a "unified" budget that included trust fund programs such as Social Security in the budget totals.