Word: neill
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...desirable to have a situation in which we send it back when we don't need it," O'Neill said of the people's money, "but we should be in balance even with a weak economy...
...This is why O'Neill's résumé does not include a top job in the Reagan administration, why he spoke up in favor of Bush the elder's infamous tax hike, and why he called the Clinton administration's record of fiscal discipline and economic stability "wonderful...
...Neill's side is winning. The deficit-reduction plan that Greenspan pushed on a reluctant Bill Clinton in 1993 is the foundation of the prosperity of the last eight years. Balanced budgets, a mainstay of Republicanism in the '50s, were one of Newt Gingrich's rallying cries in the '90s, and are the one thing everybody can agree on in 2001, especially with those city-of-gold surpluses shimmering on the horizon...
...mention that Saint Greenspan himself, whose blessing of the Bush tax cut it will be O'Neill's first task to secure, will make fiscal responsibility his first condition...
...Neill and the Fed chairman worked for Ford together; their continuing friendship was the main reason why he was picked, and will be the main reason he'll likely be confirmed before the sun sets on Inauguration Day. The convivial relations between Greenspan and the Clinton team have been well documented; Greenspan and at least one member of the Bush team will be even closer...