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Republicans Finding Ways to Account for Social Security Overhaul: Change Expensive in Short Term
The Washington Post; subscription may be required
Nov. 23, 2004
Excerpt: 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[.]
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