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February 11, 2005

The Bush deficit and Social Security

Robert B. Reich, Professor of Social and Economic Policy at Brandeis University and secretary of labor under Clinton exposes the dirty little secret which Bush doesn't want you to understand.

Here's a hint: Bush's record-breaking deficits are actually a lot bigger than you think. And the reason they're not as big on paper is because the Social Security surplus is being raided to pay against Bush's deficit. To be fair, Clinton raided the SSI surplus too. But, he used it to balance the budget. Whereas Bush has used it to perform a slight-of-hand trick so that he could claim on the campaign trail that he has a plan to pay down his own deficit.

Boomers, Budget And A So-Called Bust

Posted by Kevin at February 11, 2005 10:02 PM