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Article: Books, cooked D.C. style: 'saving' Social Security by borrowing from it. (money that results from budget surplus should spent on reducing national debt rather than repaying money borrowed from the Social Security trust fund)(Brief Article)
- Article from:
- Newsweek
- Article date:
- February 16, 1998
- Author:
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Yes, Virginia, there really are stories out of Washington that don't involve Monica Lewinsky. Consider, if you will, one of the nation's most important financial questions: how to fix Social Security before baby boomers start retiring about 15 years from now and bust the federal budget. Taking advantage of the fact that experts now predict the first federal budget surpluses in 30 years, President Clinton proposed in his State of the Union Message to link surpluses and Social Security. "What should we do with this projected surplus?" he declaimed. "I have a simple four-word answer: save Social Security first."
Exit the rhetoric, to applause. Enter the ...