Labor follows capital.
Would that be union labor?
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Posted 22 April 2017 - 08:24 PM
So you are saying Bill Clinton was increasing the debt because he had a surplus for a few years, I knew an accountant like you once.
If it was social security surplus it is invested in Treasury Bills (by Law) and becomes intragovernmental debt -- which is about 1/3 of the total federal debt.
Other types of surplus revenue may be used to reduce the deficit - be used to plus-up programs or converted to treasury bills (thereby becoming debt)
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