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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: Steve Lokness who wrote (32903)	2/18/2009 12:06:36 PM
From: TimF	Read Replies (2) \| Respond to of 71588

What is off balance sheet is the spending on the two wars. No, that isn't off balance sheet. Every dollar spent on the wars counts the same towards government debt as any other dollar the government spends. The SS fund is running a budget surplus, so that money should be reducing the deficit - shouldn't it? Yes, and it is, which is why I said "Legitimately so, its a transfer of funds from the government to the government". Some would add the borrowing from SS to the deficit, I wouldn't (but I think the future liabilities from SS should be accounted for in some other way).