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Politics : President George W. Bush - Right or Wrong? -- Ignore unavailable to you. Want to Upgrade?


To: RMF who wrote (246)12/11/2004 8:45:01 PM
From: Lazarus_Long  Read Replies (1) | Respond to of 390
 
This should help for starters:
whatreallyhappened.com

HOLLINGS: I'm not asking what you're trying to create. The simple fact is the debt has been going up at least $100 billion for the last several years.

GREENSPAN: Outside, on budget, that is correct.

HOLLINGS: That's right, on budget, you're spending a hundred billion more than you're taking in.

GREENSPAN: Correct.


As longnshort pointed out, money was being "borrowed" from social security to create the appearance of a budget surplus.