Word: surplus
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Dates: during 2000-2009
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...disingenuous or equally naive. The administration has racked up three tax cuts in three years, fundamentally altering the government’s long-term fiscal outlook in the process. According to a recent Urban-Brookings Tax Policy Center report, the tax cuts have helped to convert a 10 year surplus of $1.3 trillion into a 10 year deficit of $4.5 trillion. This fiscal deterioration has tremendously important implications for our government’s ability to preserve Social Security, Medicare and other critical programs for future generations...
Albright added that terrorism cannot be combated alone and since Bush has “squandered our surplus of good will” abroad, tracking terrorist networks and funds will become increasingly difficult...
...despair. Imagine an STB rate of 1 to 1. You end up with an annual surplus equivalent to $400 billion, government spending down by almost 30% and more than $5 trillion knocked off the national debt. All you have to believe is that every time President Bush gives the country a dollar in new tax cuts, the country shows its appreciation by spontaneously knocking a dollar off its demands for government spending. And if you buy that, I've got an old cocktail napkin I'd like to sell...
...China became a vital link in the global supply chain. Some Dell notebook computers from China are made by a Taiwan-owned company called Compal using Taiwanese circuitry, a U.S.-made Intel chip and a screen from Korea. All those imported parts explain why, despite a projected trade surplus with the U.S. of between $120 billion and $130 billion for this year, China's worldwide surplus will be a slim $15 billion. As America's imports from China have risen, its imports from Taiwan, Singapore and Japan have declined...
...Puritanism,” Will writes, “inculcated Scrooge-like asceticism, deferral of gratification, green-eyeshade parsimony and nose-to-the-grindstone industriousness. But those led to accumulation, investment of surplus capital and, in time, prodigious production and a subversive—to Puritanism—cornucopia of material delights.” And having adopted the pedantic tone of a Just-So story, Will continues in that vein: “Soon there were department stores, those cathedrals of consumption.” America’s progression from the Mayflower to Macy?...