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z64dan said:
elprincipe said:
sinha said:

 

Which specific years was there a balanced budget during the Clinton administration? Was it for the entire eight years? Or was it only after a Republican Congress was swept into power and enacted The Fiscal Responsibility Act in early 1996 as part of their Contract with America?


Neither; there never was a balanced budget. There were projections it would be "balanced," if by "balanced" you mean not including the money they take out of the Social Security surplus every year that supposedly will be paid back later (yeah right).

Bottom line, kiddies: don't depend on the government to take care of you when you retire (or at any time, for that matter).


Um, what do you believe they should do with the social security surplus? Just put it in a vault somewhere? Where it won't get interest?


1. I would prefer to fundamentally change Social Security, but that's a different conversation.

2. I never said put it in a vault.  Obviously it should be grown in some sort of investment.  But currently and as has been for quite a while the government just spends it on current needs so they can say the fiscal deficit is that much lower.  Of course, this can't continue for too much longer since in the near future SS will go into deficit itself, which is again another conversation (a frightening one if you don't like high taxes and reduced benefits). 



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