Word: surpluses
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...then came the surplus, a $4.6 trillion paper windfall on which Al Gore and George W. Bush sketched out their competing ideologies and Clinton presented as his legacy. But voters, rightly, were a little skeptical...
...Heck, they might break off a piece of that surplus of ours and divvy it up 50 ways, and get all the precincts in all the counties in all the states a few machines each. Enough to keep the line moving. And get them the ship-shape maintenance plan, and have technicians on hand. Nothing's too good for our democracy...
...said a fight for the fruits of the surplus, particularly with slower economic growth, would likely mark Congress' first public battle...
...grand scale, that's not so bad. A do-nothing Congress won't blow the budget surplus, leaving it for debt repayment, which would put downward pressure on interest rates and provide a backdoor tax cut. That's the gridlock benefit you hear so much about from Wall Street. But it's a mistake to think nothing will happen, especially if Bush prevails. He ran on the promise of a broad tax cut. "He has to deliver something," says political analyst Andy Laperriere at ISI Group...
Doing so may not be as tough as some expect. The economy is slowing, so a new Congress will be more inclined to provide some kind of stimulus. And the projected 10-year surplus of $4.6 trillion, including Social Security funds, could jump $1 trillion (new estimates are due next month). That would leave more room for tax cuts...