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It wasn't a real on-budget surplus. It was only a surplus if you took the revenue from Social Security tax and ignored the obligation to later pay Social Secur
by dripton 12y ago
It wasn't a real on-budget surplus. It was only a surplus if you took the revenue from Social Security tax and ignored the obligation to later pay Social Security with it.
- nni 12y agoHey dripton - curious what your thoughts are on this: http://www.factcheck.org/2008/02/the-budget-and-deficit-under-clinton/ http://www.factcheck.org/2008/02/the-budget-and-deficit-unde... I think that this gets into what the deal might have been with respect to whether you count the social security tax or not. I think that they conclude there is a "surplus" either way, although it is of course smaller. However, you might be referring to something else.
- AnthonyMouse 12y agoThat seems to be saying that accounting for social security would eliminate ~99% of the surplus. But what about medicare and the like?
- judk 12y agoSS benefits are paid from current taxes. There is no Social Security Lock Box, its was a metaphor.