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The Lock Box and Other Delusions
Cato Institute 
[Opinion] Sept. 20, 2001 "Another widespread misconception is that the Social Security surplus can somehow be secluded in a 'lock box' by using it to pay off government debt. Lower debt, so the argument goes, means lower future interest payments. Wrong.... [P]ast Social Security surpluses have been spent, not used for debt retirement. And future surpluses will soon disappear." MORE >> |
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