Would using the budget surplus for tax cuts or entitlement expansions affect long-term Social Security solvency?
Center on Budget and Policy Priorities, 1998 - Business & Economics - 16 pages
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available for private baby boom baby boomers billion boom generation retires CBO director June CBO projects Congressional Budget Office cut taxes cuts or entitlement cuts or program cuts or spending director June O'Neill elderly entitlement expansions federal budget federal government Gross Domestic Product Herbert Stein Insurance Trust Funds interest payments large numbers legislation is enacted long-term forecast long-term Social Security Medicare national debt national income needed to restore Old-Age and Survivors payroll tax revenues percent of GDP percent of national policymakers private investment projected budget surpluses projected surpluses reduce the debt retires in large Revised Baseline Budget Security payroll tax Security trust funds Shore Up Social shrink the debt shrinking the national Social Security benefits Social Security legislation Social Security payroll Social Security revenue Social Security solvency Social Security trust spending increases stronger economic growth substantial SURPLUS FOR TAX Treasury bonds Treasury securities trillion unified budget Union address Wall Street Journal