Word: surplus
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Dates: during 2000-2009
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...would also disrupt efforts to safeguard the future of Medicare and Social Security. The majority of Bush's "contingency reserve" represents money from the Medicare surplus, which both parties have agreed should be saved to help fulfill future obligations. This money would be useless in responding to any "contingencies," since spending it would be equivalent to raiding the Medicare fund. The Medicare system is already in danger, and there is no reason to impoverish it further...
Medicare's situation is further complicated by Bush's pledge to create a prescription drug benefit. New numbers released by the CBO have convinced members of both parties that Bush's program would fall short by tens of billions of dollars; using the Medicare surplus to cover this shortfall, as the administration has proposed, would be akin to stealing from future generations of retirees to fund today's coverage. Bush is just as shortsighted in his Social Security budget, which would take money out of the trust fund to pay for private accounts without covering future expenses...
...trucks streaming past Girishbhai's kitchen bear the license plates of 20 different states. (I counted.) Every religious group you can name has a camp and kitchen in and around Bhuj. Even Tibetan refugees have pitched in. Some folks have gone overboard in their generosity. There is a surplus of used garments, sent by the truckload from all over India. Just outside Bhuj, I see an enormous pile of clothes, evidently offloaded from a passing truck. Back in Saurashtra, one NGO is still wondering what to do with a truckload of shaving kits sent by some well-meaning souls from...
...Which is why top Senate Democrat Tom Daschle did most of the talking when he and Gephardt took to the microphones Thursday and introduced a budget of their own, which leans politically on "a hedge" against those rosy surplus projections' coming up crabgrass...
...Daschle's 10-year plan divides the $2.7 trillion projected non-Social Security surplus into thirds - $900 billion for tax cuts (vs. Bush's $1.6 trillion), $900 billion for additional spending, and $900 billion for additional debt reduction, above and beyond the Social Security surplus. (Bush's debt reduction comes exclusively from the Social Security surplus.) And he thinks that with some moderate Republicans in the Senate publicly worrying that Bush's plan is cutting things a bit too close, he'll be able to meet them somewhere in the middle...