Tuesday, April 05, 2005

When will Bush have Spent the Trust Fund?

You know those national debt clocks?

I think someone should make a "He Spent the Trust Fund" countdown clock. It would project the day when the Bush administration has spent all the money in the Social Security Trust fund.

Technically, I think the day has already come and gone, since the gross public debt has increased by more than $2 Trillion since Bush was inaugurated in 2001, while the trust fund has only about $1.7 Trillion.

But if you go by the increase of the publicly held debt, we've only borrowed about $1.2 trillion, and the administration doesn't project it will have borrowed $1.7 Trillion until fiscal year 2006.


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