Word: locke
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...Here?s the problem: Using different accounting and some different assumptions than the Office of Management and Budget used last week in announcing that the budget was balanced and the Social Security "lock box" was safe, the Congressional Budget Office on Tuesday offered a rather more pessimistic assessment: By October that "lock box" will be $9 billion in the red. And that?s if the government doesn?t spend any more than planned for the rest of this - a dubious assumption at this point...
...Bush, on the last day of his 26-day "working vacation," is keeping the menu short. Tax cuts. Defense. Education. Anything else is pork, and if that "lock box" is hanging open at the end of the day, he?ll be blaming two things - the economy and the Democrats...
...Washington budget game - the President proposes, Congress disposes - and because money is so tight, they?re more likely to wage this war in the negative. The Dems' message: The tax cut busted the budget. Missile defense busted the budget. Bush busted the budget - and broke into the "lock...
...other white meat) but between items on Bush?s list - say, missile defense and the tax cut - that, since they can no longer repeal with a veto in the White House, they can at least complain shrilly about. And of course both sides will be accusing the other?s lock-box-raiders of "neglecting our nation?s seniors." Which neither side is actually doing - Social Security payouts are safe for at least a decade...
...taxes were calculated and moving the Postal Service from its traditional spot on the retirement fund?s ledger, Daniels? crew came up with a $4.3 billion Social Security surplus surplus. Thanks to this "more accurate accounting," Fleischer was proud to report, the budget would be balanced, and if the lock box got opened it would be the Democrats? fault, not George W. Bush...