Surplus Silliness. / Robert Reich.
by Reich, Robert; SIRS Publishing, Inc.
Material type:
BookSeries: SIRS Enduring Issues 2002Article 35Business. Publisher: Featurewell.com, 2001ISSN: 1522-3191;.Subject(s): Budget | Fiscal policy | Social Security Trust Fund | Surplus (Economics) | United States -- Economic conditionsDDC classification: 050 Summary: "The Congressional Budget Office, in a recent report, says the government will be forced to take $9 billion from the so-called Social Security surplus in fiscal year 2001 to make ends meet....The plain fact is that the economy has slowed faster than anyone predicted, and so tax receipts are shrinking faster than anyone projected." (WALL STREET JOURNAL) The author, former secretary of Labor under President Clinton and currently a professor of economics, maintains that the budget surplus in 2001 is based on future projections and indicates that the numbers may change based on whose projection you listen to.
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Articles Contained in SIRS Enduring Issues 2002.
Originally Published: Surplus Silliness, Aug. 29, 2001; pp. n.p..
"The Congressional Budget Office, in a recent report, says the government will be forced to take $9 billion from the so-called Social Security surplus in fiscal year 2001 to make ends meet....The plain fact is that the economy has slowed faster than anyone predicted, and so tax receipts are shrinking faster than anyone projected." (WALL STREET JOURNAL) The author, former secretary of Labor under President Clinton and currently a professor of economics, maintains that the budget surplus in 2001 is based on future projections and indicates that the numbers may change based on whose projection you listen to.
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