Word: surplus
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WASHINGTON: Will this be Bill Clinton?s finest hour? The President presents the first balanced budget in 30 years to Congress Monday, a whopping $1.73 trillion package with a $9.5 billion surplus. And despite his ?save Social Security first? soundbite, Clinton does not appear to be able to resist splurging a bit on child care, education and medical research...
Discussing the need to support stability and combat "abusive child labor" (does that mean non-abusive child labor is OK?), criticizing the IRS for its abuses and talking at length about how to spend the still imaginary federal budget surplus, history-seeking Clinton seemed to echo the forgettable Calvin Coolidge's best known, ironic line, "The business of America is business." Perhaps ours is an era when economic success cannot help but be the barometer of American life...
...When you stretch yourself that far [in addressing so many issues], it's hard to see how he'll keep all the surplus from social security but still do his reforms," Parr said...
...Adds to the let's-spend-the-surplus fever already spreading through Washington...
...misleading to say the crisis this country is facing is wholly due to the structural fragility of Korean economics. Capitalism, with its excessive investments and surplus accumulation of wealth, is the driving force behind the pressing economic uncertainty that all Asian countries, including Japan, are now experiencing. With billions of dollars flying around the world in speculative investments and huge hedge funds, the liberalization of financial and capital markets has directly contributed to the crisis in Korea. But the hardships of Koreans could be trivial compared to what others will soon experience. South Korea will feel a burn, but other...