Word: fundã
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...paid from current payroll taxes. When the program runs a surplus—as it has for the past 20 years—those extra dollars get spent with other tax revenue and the government issues IOUs to the Social Security program. Far from containing actual money, the trust fund??so beloved of Democrats with presidential aspirations—consists of nothing but these IOUs...
...economic downturn and the war on terrorism, neither of which seem to be going away anytime soon. And every dollar of debt we incur today—along with every Social Security or Medicare dollar that gets lost on the way to the trust fund??will make it that much harder to pay for these entitlements when the baby boomers retire. But Bush needn’t worry; by that time he’ll be out of office...
Last week, students filtered in to the Boston Youth Fund??s Fenway area headquarters after school and hurried to finish their individual four-by- eight murals. The basement studio was calm as the students concentrated on their work, some putting on the final details, others still wondering how to fill large blank spaces. Four-year mural crew veteran Kerry Coleman, a junior at Catholic Memorial, was painting the tusks on Hannibal’s elephants crossing the Alps, completing his depiction of the Barbarian invaders. “This is pretty fun,” he commented...
Just over a year into his term, President George W. Bush has all but proven who his real constituents are—big business and industry. In his latest budget, Bush flatly declined to reauthorize the tax on high-polluting industries that once kept the environmental cleanup trust fund??known as the Superfund—self-sustaining. The fund, which was created in 1980, has shrunk from billions of dollars to less than $100 million today without the corporate contributions...
Fortunately, with some extra work, the show managed to meet costs. The Jimmy Fund??s analysis team helped the Evening With Champions organizers understand this drop in donations. While Mendez says they have no hard feelings toward the American Red Cross, the falling funding was most certainly due to shifting loyalties. “They explained to us that people on average give a certain amount to charity per year, and the Red Cross was getting the lion’s share this year because it is such an obvious cause,” he says...