Word: lockboxes
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...Social Security Lockbox...
...from the moral equivalent of war to a real one in nine months. In this land of plenty, we tend to treat everyday problems like major crises. Until Tuesday, the measure of Bush rested on whether he or the Democrats would be the first to open up a lockbox that doesn't even exist. The bar for his success was keeping the looming recession shallow and short...
...among other things, will create jobs. And there will be even more spent on the military and possibly on bailouts for such hard-hit industries as airlines and insurers. For those who worry about potential deficit spending--get over it. Economic growth is the priority now. The Social Security "lockbox" was political propaganda anyway. It's all one big budget, and more of it might now be used to cut the tax most people pay on capital gains (remember when you had those?) to 15% from...
...from the moral equivalent of war to a real one in nine months. In this land of plenty, we tend to treat everyday problems like major crises. Until Tuesday, the measure of Bush rested on whether he or the Democrats would be the first to open up a lockbox that doesn't even exist. The bar for his success was keeping the looming recession shallow and short...
...budget-surplus battle is more about politics than economics. In a $10 trillion economy, it doesn't much matter if the government has to dip into Social Security for a few spare billion. But with both parties committed to a lockbox, budget makers are forced to look for savings in less sacrosanct areas, which means that, depending on where the budget ax lands, you may be about to lose a popular program...