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

To: DuckTapeSunroof who wrote (657950)	11/5/2004 1:07:23 PM
From: DizzyG	Read Replies (1) \| Respond to of 769670

How disappointing, Buddy... They introduced the 'unified budget' (counting Social Security receipts as part of the general government revenue... but not counting the future obligations of the government at all in the budget). This 'smoke and mirrors' technique was mainly done to disguise the TRUE SIZE of the federal budget problems Hate to break it to you Buddy, but this is how the Unified Budget came about: Democratic President Lyndon Johnson was the first to lump the accounting for Social Security (and many other federal trust funds) into the "unified" federal budget. He announced this in 1968 in his State of the Union address: LBJ: This budget, therefore, for the first time accurately covers all Federal expenditures and all Federal receipts, including for the first time in one budget $47 billion from the social security, Medicare, highway, and other trust funds. factcheck.org@docid=171.html Diz-