Word: surpluses
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...money that Social Security takes in through FICA taxes exceeds what it pays out in benefits. This year alone, Social Security's surplus will be about $100 billion. That money is held in a trust fund; the value of that fund now exceeds $500 billion. However, because the government spends more on other programs that it takes in, it "borrows" from the Social Security trust fund. For example, this year the government will spend about $50 billion more than it has, but it will borrow Social Security's $100 billion surplus...
...when Clinton says that he will put the $50 billion surplus towards Social Security he is just giving the program some of its money back (he is giving back half of what they borrowed this year alone...
Boston University Professor Laurence J. Kotlikoff warned against optimism yesterday in a Littauer classroom lecture, saying that this year's budget surplus may not avert a possible crisis in the Social Security system...
...United States has a long term fiscal problem...What [government policy makers] are likely to do is ignore these problems because of the official surplus [that was recently announced...
Kotlikoff said that President Clinton's controversial statement that the budget surplus should go to Social Security is only a quick...