the Sugar Conspiracy 

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Tuesday, November 23, 2004 Fantasy based accounting Republican budget writers say they may have found a way to cut the federal deficit even if they borrow hundreds of billions more to overhaul the Social Security system: Don't count all that new borrowing. As they lay the groundwork for what will probably be a controversial fight over Social Security, Republican lawmakers and the Bush administration are examining a number of accounting strategies that would allow the expensive transition to a partially privatized Social Security system without -- at least on paper -- expanding the country's record annual budget deficits. The strategies include, for example, moving the costs of Social Security reform "off-budget" so they are not counted against the government's yearly shortfall. Don't count it. Interesting strategy. Kinda how we just decided that the Geneva Convention didn't apply to us. These guys are incredible. posted by chris at 2:00 PM   ------------------

    

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