Tuesday, November 23, 2004
How will the Republican Congress deal with the Federal Deficit?
By ignoring it, that's how!
You Bush voters are getting exactly what you wanted!
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By ignoring it, that's how!
Republican budget writers say they may have found a way to cut the federal deficit even if they borrow hundreds of billions more to overhaul the Social Security system: Don't count all that new borrowing.
As they lay the groundwork for what will probably be a controversial fight over Social Security, Republican lawmakers and the Bush administration are examining a number of accounting strategies that would allow the expensive transition to a partially privatized Social Security system without -- at least on paper -- expanding the country's record annual budget deficits. The strategies include, for example, moving the costs of Social Security reform "off-budget" so they are not counted against the government's yearly shortfall.
You Bush voters are getting exactly what you wanted!
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