No one talks about the "federal debt", just the deficit. The debt will grow over $700B in FY'08 and grew over $500B the last two years. Bush uses the record surpluses from Social Security, Medicare and other retirement programs to ratchet down the announced deficit. The surplus averaged over $330B in FY's 2006 & 2007. This financial rape process means that the programs are owed this money and will receive no interest. If Social Security could have invested the surpluses, they would be solvent for decades to come.
Why are financial publications so reluctant to be up front on this subject? Governament economics should be taught in HS, so our children will not be duped. Bush says, "if his ta...

No one talks about the "federal debt", just the deficit. The debt will grow over $700B in FY'08 and grew over $500B the last two years. Bush uses the record surpluses from Social Security, Medicare and other retirement programs to ratchet down the announced deficit. The surplus averaged over $330B in FY's 2006 & 2007. This financial rape process means that the programs are owed this money and will receive no interest. If Social Security could have invested the surpluses, they would be solvent for decades to come.
Why are financial publications so reluctant to be up front on this subject? Governament economics should be taught in HS, so our children will not be duped. Bush says, "if his tax cuts are extended, the deficit will be gone by FY2012". The surplused from the programs are scheduled to become negative by 2017 and the financial crutch will be gone. We are in deep trouble, and the "trickle down theorey has never worked".