LYCOS RETRIEVER
Social Security Administration: Bush Administration
built 656 days ago
If Bush had kept his promise to keep the social security trust fund a "lockbox", the budgetary deficit over the past three years would have been much greater. The deficit is currently projected to be $437 billion for 2005. If you add the $82 billion the White House is requesting for occupation/reconstruction of Iraq and Afghanistan, if you add the proposed costs of privatizing social security ($100 billion), if you add White House estimated increased cost of the Medicare prescription package ($50 billion), and if you then add Congressional legislation requiring that all the "borrowed" social security funds be returned to the "lockbox" ($500 billion)... all of a sudden you have $1.2 trillion dollars of deficits in 2005.
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* Gore's plan would require that an additional 9 trillion dollars in general revenues be added to the Social Security program. Gebhardtsbauer added this money into his analysis of Gore's proposal and did not account for it. The graph that would have accounted for this money was only used to analyze Bush's proposal. [230][231]
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The administration's budget request released this week asks for $808 million for SSA's various systems modernization projects. The request is almost 9 percent less than the $887 million the Bush administration sought last year.
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