Word: surplus
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...just an appetizer for next year, when slowdown (it?s not going away, folks) digs even deeper into the surplus and Bush?s political shopping list gets even longer, and the midterms make things really interesting...
...barring a fiscal belt-tightening miracle the likes of which Washington has rarely seen, the Social Security surplus will indeed be invaded this fall, to no economic effect. And though both sides will be responsible, Democrats will blame Bush and his tax cut, and Bush will blame Democrats and their spending...
...farmers recited bushels-full of statistics on crop yields and prices. They were hoping that the farm spending bill Congress was now considering would offer some relief. Finally a cotton farmer raised his hand to get to the bottom line. "My question is," he asked Frist, "if the surplus has gone away, are there going to be budget constraints so that it's difficult to pass this farm bill? Is the money there to pass this farm bill?" Even with the shrinking numbers, Frist reminded the farmers, the total surplus is still "huge...
...Every dollar coming in on Social Security will be spent on Social Security," he promised. "And every dollar coming in on Medicare will be spent on Medicare. The surplus can happen only if you keep the economy good." But for now, he admitted, "I wouldn't want to leave you with any sense that the money is absolutely going to be there for everything we want...
...With an eye on controlling both houses, Frist, who heads up the National Republican Senatorial Committee, the group in charge of returning the Senate to the GOP in 2002, closely monitors how folks in his state (and in other states with Republican senators) are reacting to the shrinking surplus. He knows it will be a favorite topic in attacks from across the aisle, but stands firm in his message. "The Democrats clearly are going to use it," he told me. "Our commitment is to balance the budget and to fuel the economy. The way you can do that is with...