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Borrowing Social Security Surplus for Other Spending Allows Claim of "Balanced Budget" by 1999
- The Concord Coalition was among the first to point out that the "Balanced Budget" and "surplus" are actually a hoax.
Grandfather Trust Fund & Deficit Report - by MWHodges
- Question: how can one claim a general government surplus when total federal debt increased to another record high? Answer: by siphoning-off and spending trust fund surpluses which don't belong to the general government, just like a son spending his mother's retirement account on his own consumption and credit cards while claiming he, himself, is running a surplus and saving her retirement account.
The Concord Coalition
- The Concord Coalition is a nonpartisan, grassroots organization dedicated to eliminating federal budget deficits and ensuring Social Security, Medicare, and Medicaid are secure for all generations.
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