I see in your March 3 Daily Fax and in other coverage that you, too, have been conned by our friends in Washington into thinking there is really a federal budget surplus. If you deduct the current excess Social Security receipts from the alleged surplus, there is really a $41.7 billion deficit, as Barron's reported in its March 1 edition.
Since all of the money is in one big pot, it is a little difficult to identify which money is being used for what. But the proposal to prop up Medicare using 15% of the "surplus" would really just be using Social Security funds or borrowed money, not real money.
Vice president, finance
Baptist/St. Vincent's Health System