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

To: DizzyG who wrote (538149)	2/10/2004 1:26:32 PM
From: DuckTapeSunroof	Respond to of 769670

Ah, interesting: "Until the early 1980s, the inclusion or exclusion of Social Security made no significant difference to the budget. Its surpluses and deficits were on the order of a couple of billion dollars. But as a result of the 1983 Social Security Commission, chaired by Alan Greenspan, that changed radically. It proposed and Congress enacted a major increase in Social Security taxes, far more than necessary to pay for near-term benefits, which resulted in large Social Security surpluses. These surpluses are dutifully accounted for and added to the trust fund, where they earn interest and grow ever larger." So, the amount of current deficit that disquised now by this charade of inflating the FICA payroll tax is EVEN LARGER than it was during the Reagan years (because of the payroll tax increase, and the larger working population, and the higher average wage for today's workers). As I mentioned: the SS current surplus (used to cover other government expenditures) is some $200 B.