Word: surplus
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...After seven Budget surpluses, during a time of buoyant revenues, Costello could have retired more debt and spent more on public investment that will sustain future growth - in infrastructure and human capital. Indeed, these surpluses have been slight exercises in prudence in an era of prosperity. Asset sales, such as the partial float of Telstra, have helped create the illusion of fiscal frugality. Other than two hard years of spending cuts to rein in Labor's excesses, Canberra has barely been squeezed. Compared with the hard, lean predators who dominated the Expenditure Review Committee in the Hawke-Keating years...
...architects. But even when pared-down Modernism was at the height of its prestige, there was a countertradition of glorious excess. "Glamour: Fashion, Industrial Design, Architecture," an exhibition that runs from Oct. 9 through Jan. 16 at the San Francisco Museum of Modern Art, traces an aesthetic of surplus and superabundance that continually bursts forth in clothing, buildings, automobiles and objects--a taste for luxury, spectacle and even pure, shameless glitz that has exploded unmistakably into the present. --BY RICHARD LACAYO
Thanks, but no thanks, Mr. President. After four years of acting like lap dogs for corporate America, ramming through tax cuts for the wealthiest Americans, pushing for an end to capital gains taxes, and burning through a record surplus, I think we know what to expect when we trust the Bush government to take care of things...
Samuelson, the Nobel laureate and MIT economics professor emeritus, told The New York Times that, on trade, fellow economists are “dead wrong about the necessary surplus of winnings over losings.” And what of the economic benefit of lower priced goods for American consumers? “Being able to purchase groceries 20 percent cheaper at Wal-mart does not necessarily make up for the wage losses...
...problems to solve if he wins a second term, including some of his own making. He talks proudly about having got results, but the results are mixed. There are lots of Republicans who hate the expensive Medicare prescription-drug bill, fiscal conservatives who are horrified by a $237 billion surplus turning into a $396 billion deficit, Governors even in red states who complain that No Child Left Behind is underfunded and unworkable. Bush plans to lay out this week his vision for an "ownership society," which amounts to lots of little programs aimed at changing the relationship between citizens...