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BORROWING SOCIAL SECURITY SURPLUS FOR OTHER SPENDING ALLOWS CLAIM OF “BALANCED BUDGET” BY 1999

Feb 2, 1998
WASHINGTON -- The Concord Coalition today disputed claims that there will be a federal budget surplus by 1999, pointing out that the projected surplus is only reached by borrowing Social Security's annual surplus revenue to fund other government programs. While…
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Press Releases

PRESIDENT CLINTON INVITES CONCORD, AARP TO HOST SERIES OF SOCIAL SECURITY FORUMS

Jan 28, 1998
WASHINGTON--President Clinton announced during last night's State of the Union address that he has asked the Concord Coalition and the American Association of Retired Persons (AARP) to co-host a series of bipartisan conferences with the White House on the future…
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Press Releases

CONCORD URGES POLICY-MAKERS TO BALANCE BUDGET WITHOUT BORROWING SOCIAL SECURITY SURPLUSES

Jan 8, 1998
WASHINGTON -- The Concord Coalition today urged Congress and the president to run budget surpluses at least as large as Social Security's annual surplus, which has been borrowed each year since 1983 to mask the size of annual budget deficits.…
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Press Releases

CONCORD URGES CONGRESS AND PRESIDENT TO QUICKLY TAKE UP LONG-TERM ISSUES

Jul 29, 1997
WASHINGTON -- The Concord Coalition today praised Congressional leaders and the President for reaching agreement on the details of a plan to balance the budget by 2002, but urged that no time be lost in moving on to the more…
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