Word: gop
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...American consumers back, out of the government newly-teeming annual coffers, some of what they?ve been consuming so furiously to put in. It?s their economy, stupid; they made the boom, with some help from Asian imports and Robert Rubin, and wouldn?t it be nice for the GOP to show its appreciation (and hopefully win a few elections) by cutting America a check...
...right about the "sound strategy." And Greenspan knows it, and you get the feeling that eight years ago, the GOP would have known it too. The tax cut is too damn big. It?s supposed to differentiate the Republicans from the Clintoncrats, and it certainly does. The problem is that all those years of rightward, ho! has left Clinton as the fiscal conservative (with a Reagan-appointed Fed chairman on his side) and Republicans as the fiscal profligates. The boomers already got their money in 1981; now that they?ve got leftovers, they want to squirrel some of it away...
...GOP leadership maintains that they can do it all ?- save Social Security, save Medicare and slash taxes ?- and yet few, including moderates in their own party, seem to believe that. And Greenspan may have hit upon the reason why: this multi-trillion-dollar surplus, which materialized in the last year as if from thin air, is still just a promise -- a hunch, even -- by a bunch of Washington politicians. And it could disappear just as quickly. "Things are happening which we call technical factors, which is another way of saying we don't have a clue, and they could just...
...Republicans are betting the next Congress on a showdown with Bill Clinton over tax cuts. The challenge will be getting to the big game in one piece. As the GOP leadership gets ready to stampede a massive cut through the Senate this week, they?ll be stepping on the toes of not only the White House and the majority of economists, but some moderate members of their own party ? just like the House leadership did last week. Rhode Island Republican John Chafee is leading a handful of fellow moderates and Democrats who want to split the tax-cut difference between...
...meantime, it looks more and more like the GOP leaders against the world. From the White House (Al Gore stopped by late Tuesday to trash the bill for neglecting Medicare) to the polls, the appetite for a cut that big just isn?t there right now. Even fellow Republican and economic icon Alan Greenspan is in on the finger-wagging. In testimony before the Senate Banking Committee Tuesday, the Fed chairman more or less repeated what he told the House last week: In this time of economic plenty, tax cuts aren?t bad, but debt repayment ?- and preparing for boomers...