This means the government has even more of our money to play around with. The government is taking in more than it budgeted, so they call it a surplus.But it really isn't a surplus because the Social Security trust fund is underfunded.But they call it a surplus anyway.They shouldn't.Frankly, they shouldn't call it a trust fund, either. A trust fund is generally set up so you can't use it for anything other than its intended purpose.They've been raiding that Social Security trust fund for a long time. So the surplus really isn't a surplus and the Social Security trust fund isn't really a trust fund. But for the sake of this column I'll roll with them and pretend there is a surplus.
know the economy is booming - the longest expansion in history, in fact. That means the economy has grown every quarter longer than ever before. That, in turn, means more people are making more money. | July 28, 2016