On 29 Jun 2004 14:10:08 -0500, Dave wrote:

On Tue, 29 Jun 2004 13:02:21 GMT, "Wolfie" said:

Meanwhile Social Security
(to name one) were buying federal securities because they were
collecting more money than they were spending

And would that be the case if social security were operating on an accrual
basis, rather than a cash basis?

Are you suggesting that the Reagan and Bush deficits were the result
of more conservative accounting policies? Republicans love to spend
tax dollars just as much, if not more, than Democrats. The difference
seems to be that they don't want to actually pay for any of it.