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Table of contents
The U.S. Federal Budget
Budget Terms
Federal Budget
The Budget Balance: Deficit vs. Surplus
Deficits & Surpluses Change Debt
Deficits and Policy: The Historical Record
Rising Debt, but A Rising Income & Economy, Too
How Much Debt is Too Much?
When Is A Reported Surplus Actually a Deficit?
What Is The Social Security Program?
How Does Social Security Work?
Key Changes Strengthening SS Finances
Changes Weakening SS Finances
What Is the Social Security Trust Fund?
What Is the So-Called “Social Security Crisis”?
Will Social Security ‘Be There’ When You Retire?
Back to: “When Is A Reported Surplus Actually a Deficit?”
To Whom Is The National Debt Owed?
So, When Is A Reported Surplus Actually a Deficit?
Why Is Government Spending So Difficult to Cut?
Where Does the Money Go?
In Government-talk, a “Cut” Could Mean an Increase
Author:
James Luke
E-mail:
lukej@lcc.edu