Posted on 04/29/2005 9:48:55 AM PDT by Eagle of Liberty
Annual Report on the United States Government
When Republicans took control of Congress in 1994, the federal government was spending $200 billion per year more than it took in, and was borrowing more than $100 billion per year from the Social Security Trust Fund.
Republicans ushered in an era of fiscal restraint, and balanced the federal budget for the first time since 1969. This enabled us to change the nation's deficits to surpluses, so that we borrowed less and lowered interest rates. Lower interest rates, in turn, produced greater investment and, greater investment produced more jobs and higher take home pay.
By controlling spending and limiting the growth of the federal government, Republicans will help us meet the challenges of the 21st century: continuing economic growth and job creation; saving Social Security for current and future generations; reducing the tax burdens of hard working Americans, and paying down the public debt.
PLEASE LOOK AT NOTE #9 ON PAGE 2!
It tells you EXACTLY where the excess from SS goes.
These numbers are meaningless if they don't include the figures from the war efforts in Afghanistan and Iraq.
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