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Piling on new debt.(Correction, Please!)(national debt)(Brief Article)
Yet, the trend is disheartening. As it is, the government spends $1.42 for each dollar it receives in income-tax revenue. Thus, the national debt grows. Paying for the interest on the national debt amounted to about $200 billion in 2004. The national debt, as generally measured, has now gone above a staggering $8 trillion, and that's before we are saddled with increases in Medicare and Social Security in the pipeline.
Writing in the GOP-aligned Human Events, Bruce Bartlett points out that fully $2 trillion has been added to the national debt on the watch of President Bush. Even that gargantuan amount, Bartlett admits, is understating the case. When one takes into account the unfunded liabilities of Medicare and Social Security ...
- Fix Social Security Woes Ahead of National Debt.(Brief Article)
- Magazine article from: Insight on the News Mitchell, Daniel March 6, 2000 700+ words
...ignoring the mountain. Our national debt of $3.6 trillion is a trivial problem compared with the Social Security system's $19.8 trillion...their efforts. And unlike the national debt, Social Security's gigantic future deficit...
- Books, cooked D.C. style: 'saving' Social Security by borrowing from it. (money...
- Magazine article from: Newsweek Sloan, Allan February 16, 1998 700+ words
...for instance, the Social Security trust fund is projected...spending the whole Social Security surplus, Clinton...Yes, a smaller national debt is better than a...the budget's or Social Security's problems are...
- The 12 days that saved Social Security // (And made it possible to erase our...
- Newspaper article from: Chicago Sun-Times Daniel Patrick Moynihan May 27, 1988 700+ words
...could see." The national debt would triple in eight...would. Until then, Social Security had been on a pay...would pay off the national debt. We have now had...the numbers: The Social Security Trust Funds are increasing...
- Social Security tops Bush domestic plan; Transition would raise national...
- Newspaper article from: The Washington Times December 7, 2004 700+ words
...signaled yesterday that Social Security reform will be the...that adding to the national debt in the short term...for the amount of Social Security taxes that younger...trillion. The 2004 "Social Security Trustees' Report...
- A franchising world Q & A with U.S. Rep. Howard P. McKeon: over his 12 years in...
- Magazine article from: Franchising World June 1, 2006 700+ words
First elected to represent the 25th Congressional District of California in 1992, U.S. Rep. Buck McKeon has earned a reputation as a leader in the national education reform movement. He was elected by his colleagues to serve as chairman of the House Committee on Education and the Workforce in 2006
- In the chips; Why is erasing national debt such a hot idea? Debt reduction has...
- Newspaper article from: Star Tribune (Minneapolis, MN) Black, Eric February 4, 2000 700+ words
...a privatized Social Security system. Compared...to pay off the national debt "looks like...greater than Social Security's income from...are part of the national debt, which totals...paying off the national debt, they refer...20 years. The Social ...
- The Social Security shell game.(Commentary)
- Newspaper article from: The Washington Times Roberts, Paul Craig November 2, 1999 700+ words
...be bought up by the Social Security Administration. If...protected by paying down the national debt, it means Social Security owns the bonds. When...are used to buy up the national debt. Social Security worked for a long time...
- Social Security Surplus Could Spur Economy; Undiverted Funds May Total $11...
- Newspaper article from: The Washington Post Spencer Rich December 17, 1988 700+ words
...the economy, but only if Social Security surpluses are not diverted...conference this week. The Social Security trust fund, as a result...2006-equal to the entire national debt-Social Security Commissioner Dorcas R. Hardy...
