consortiumnews.com - http://www.consortiumnews.com

In the campaign's final weeks, Gov. George W. Bush has charged that Al
Gore's Social Security program would create a $40 trillion debt by 2050.
But where does this astronomical figure come from?

An examination of the facts around Bush's figure indicate that it
overstates the real money that would go to Social Security recipients by
more than 400 percent.

The higher number is reached through an accounting device that applies a
compound interest rate to the actual dollar amount of $9.9 trillion. The
$9.9 trillion is the amount that the Democratic plan would transfer from
the general fund to the Social Security Trust Fund over the next half
century.

For the full story on this fuzzy math, go to Consortiumnews.com at
http://www.consortiumnews.com


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