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In fact though, sir, isn't it the case that the money will be very much touched and it will be loaned back to the government. search prices Find a military veteran. Social Security will get IOUs or government securities and what will happen is the money will be used to pay down other government debt, correct?" Lindsey: "That's correct. . . search prices Cell phone number lookup. "Meanwhile, a reliably sane voice in this whole matter, Robert Kuttner, wrote in the Washington Post: "A budget is a means, not an end. Until Ronald Reagan, the budget usually ran a modest deficit. Throughout the postwar boom, government borrowing financed things that Americans valued and that stimulated economic growth: highways, airports, jobs, a healthier and better educated population. search prices Find an address. As long as the economy grew faster than the public debt, deficits were no problem. Prolonged and excessive deficits such as Reagan's indeed do damage. But not until the overreaction to Reagan's deficits was budget balance per se equated with fiscal virtue. Ever since Reagan, Democrats have viewed deficits as a terrific club to pillory Republicans. This yields short-term satisfaction, but in the long run it just makes Democrats into a different kind of conservative party. "ROBERT REICH, WALL STREET JOURNAL: The Bush administration should state flatly that it doesn't matter if the so-called Social Security surplus erodes this year, or even next . . . The Social Security surplus is an accounting fiction. It didn't even exist until about 18 months ago, when some Democratic advisers thought such an invention might be a good bulwark against candidate Bush's proposed tax cut. In light of swelling surpluses, merely to 'Save Social Security First' wasn't enough of a defense, so Democrats raised the rhetorical bar to 'Save the Social Security Surplus First. ' Republicans were cowed into agreeing that we should put the surplus some place where it couldn't be touched.
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