Word: slashingly
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That's because when the bean counters counted the beans and predicted there would be an extra $1 trillion in 10 years, not counting Social Security revenues, it was assumed that lawmakers would obey the laws they had written and slash future spending by billions of dollars. If lawmakers bail, then there's less extra money to pay down the debt. Republican proposals so far, rather than cutting spending, would increase it next year about $25 billion, which more than wipes out next year's projected $14 billion surplus. The only place to find that money is to raise taxes...
...Smash the looking glass to bits But take care not to slash your wrists Your brutal death has all been planned, My precious waif of Wonderland...
...confrontation? William Roth?s Senate plan takes small, negotiable bites: Reduce the 15 percent tax bracket to 14 percent and expand that bracket; ease the "marriage penalty," reduce estate taxes and increase contribution limits for IRAs. The House proposal is uncompromising swordplay -- cut the capital-gains tax and slash income taxes, across the board, by 10 percent. "It?s up to the Republican caucus what they want to do now about a final bill," says Branegan. "If they decide to try to attract some Democratic support, it?ll look more like the Roth plan. If they want to make...
...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...
...business runs the schooling system. Harvard is going to have a slash and another name [to follow it] like Harvard/IBM," says Holland about the solution to Harvard's future funding problems. Holland was quick to assert that he did not see IBM as that partner...