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To: all the best

I’m pretty sure that Bush41 and Bush43 used the same accounting methods (essentially, treating the Social Security System’s excess of revenues over expenditures as an offset to the deficit of the non-Social-Security portion of the government).

The linked article says “While not defending the increase of the federal debt under President Bush....” but doesn’t elaborate. The answer is that the deficits reported under both Bushes would have been even higher if Social Security had been accounted for separately.

I understand the author’s focus on the claims about Clinton. It’s misleading, though, if it gives the impression that this accounting method is solely a Democratic subterfuge. It was pioneered by Republicans.


15 posted on 11/27/2012 12:19:02 AM PST by Eagle Forgotten
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To: Eagle Forgotten
It was pioneered by Republicans.

Au contraire!

It was pioneered by none other than LBJ, who was responsible for merging the "government operations budget" with the "Social Security budget".

It was his way of funding two wars: The War on Poverty and Viet Nam. Both of which he botched...badly.

16 posted on 11/27/2012 12:51:59 AM PST by okie01 (THE MAINSTREAM MEDIA; Ignorance on parade.)
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