Surplus offers opportunities
Article Abstract:
Pres Bill Clinton's plan to save the bulk of the surplus for debt reduction would pay off the national government's debt by 2012. He is also supporting Vice Pres Albert Gore's proposal to take Medicare off-budget, which would extend the solvency of Medicare to at least 2030 and of Social Security to at least 2057. Clinton's plan is premised on conservative assumptions because it relies only a budget projection. Furthermore, it places the government in a position to make real progress for all Americans while adding to efforts to maintain the nation's longest economic expansion in history.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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A $2 trillion surplus that is already half spent
Article Abstract:
The US is enjoying a sustained economic boom that has generated a massive amount of revenue, resulting in a surplus that is expected to total nearly $2 trillion between 2000 through 2009. This does not include the $2.3 trillion-surplus generated by the Social Security system. It appears that massive public debt can be paid off and other worthwhile national investments can be made. However, White House and Congress are already on track to squander more than half of the $2 trillion by violating budget caps on which that estimate is based.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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Visions of sturdy surpluses fuel reckless spending spree
Article Abstract:
Projections of unprecedented federal budget surpluses have nearly all legislators from the Democratic and Republican parties planning lavish spending programs that would lead to an irresponsible shift to deficit spending. Excluding Social Security funds, experts have predicted an estimated surplus of $1.9 trillion between 2000 through 2010, yet these experts ignore a number of political realities in making their projections.
Publication Name: USA Today
Subject: News, opinion and commentary
ISSN: 0734-7456
Year: 2000
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