Some claim it doesn’t contribute to the federal deficit, but it does. Summary Some senior Democrats are claiming that Social Security does not contribute “one penny” to the federal deficit. That’s not true. The fact is, the federal government had to borrow $37 billion last year to finance Social Security, and will need to borrow [...]

A quote from one of the demonstrators in Wisconsin. “We are all willing to come to the table, we’ve have all been willing from day one,” said Madison teacher Rita Miller. “But you can’t take A, B, C, D and everything we’ve worked for in one fell swoop.” Rita Miller teaches second graders. Her salary [...]

1. Unless otherwise noted, all figures represent Administration estimates.  For official Congressional scorekeeping purposes, these provisions will be re-estimated by the Joint Committee on Taxation, which could result in variations in particular scores. 2. Other portions of the budget indicate that this figure — which could suggest a proposed increase in the gas tax – [...]