Word: surpluses
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...Black Flag, figured out that "calling up a pressing plant and getting their own record manufactured wasn't the mysterious, exclusive privilege of the giant record companies on the coasts." Black Flag's guitarist and co-founder, Gregg Ginn, used the business acumen he picked up from a surplus radio equipment business he operated out of his home to market his band's records by mail. Soon he began to put out albums by other bands who, like Black Flag, were too rough-hewn and eccentric to attract major record labels. Solid State Tuners, or SST, as it became known...
...Hockenstein says his company also intends to offer profit-sharing plans, where the surplus revenue from the project will be distributed among the workers—a one-time bonus of upwards of $300 dollars per employee, almost doubling their salaries for the work...
...first thing the Administration needs to be careful to do is to win the war over who lost the surplus. Democrats blame Bush's $1.35 trillion tax cut. Without that money, they argue, Bush could be forced to raid sacrosanct Medicare and Social Security trust funds. "This new Administration inherited the largest budget surplus in our nation's history," complains John Spratt, senior Democrat on the House Budget Committee. "Yet after only five months, the record eight-year string of improving budgets is over...
Republicans, not surprisingly, take a more rosy view. They don't deny that the surplus is shrinking, but they blame what they dub the Clinton economic slowdown. (Most economists blame the tax cut and the slowdown for the surplus shrinkage.) And the G.O.P. points out that even a reduced, $160 billion surplus amounts to the second largest ever. Republicans predict that Bush's tax rebate will soon give the sluggish economy a lift, generating more growth and higher tax receipts. And they claim that the real goal of the Democrats is to repeal Bush's tax cut. As Senator Pete...
...course, budget projections are notoriously fuzzy. A few years ago, no one foresaw the surplus. This year many experts were surprised it melted. About the best thing politicians can hope for is that these latest gloomy estimates will prove wrong...