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

To: Thomas A Watson who wrote (555761)	3/23/2004 11:23:23 PM
From: DavesM	Respond to of 769667

TAW, Sorry, no. SS money was part of the surplus. This is the only explanation how the Federal Government could claim a surplus in 1998-2000, even though the Federal Debt was increasing each year (SS surpluses must be invested in Federal instruments). "President Clinton has argued this year's budget surplus provides an historic opportunity to "save Social Security." However, Northwestern University economist Robert Eisner has pointed out that Clinton's request is "a great political play...but it's economic nonsense." In fact, the federal budget only appears to be in surplus because the Social Security program collects more in payroll taxes than it pays out in benefits... " - Dec, 1998 ncpa.org "CBO: Social Security funds needed to balance books" - Aug, 2001 cnn.com