Word: surpluses
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...penny of the Social Security trust fund on anything but Social Security," declaimed DeLay at the launch. Yet just hours later, the Republican-led Congressional Budget Office (CBO) estimated that the GOP's current spending plan for next year would siphon at least $18 billion of the fund's surplus. And that, it said, was a conservative estimate. DeLay and the rest of the GOP leadership had little to say about the apparently glaring contradiction; the GOP rank and file sound worried. Under nocircumstances? "That's kind of an absolute statement," fretted Illinois representative Ray LaHood. Added Indiana representative Mark...
...competition for funds is fierce, Klocke said, because the amount of money that Congress has to play with is small despite the large surplus...
...threatened by the federal spending caps enacted by Congress during the 1997 budget agreement, which allowed President Clinton and then-House Speaker Newt Gingrich to claim victory while delaying the hardest choices for a few election cycles. The result is that even in a boom economy with a government surplus, many vital programs will have to be cut for the spending caps to hold. Although the spending caps are likely to be exceeded, a long and bitter debate will certainly come first, as programs jockey for funding...
...released up-to-date figures, but if the surplus from other schools were to make up for FAS' shortfall and put the total amount raised over $2.1 billion, Harvard would consider the campaign goal met, said University Provost Harvey V. Fineberg...
Teaching hospitals operate as non-profits and give charity care as well as educate a new generation of doctors. Rapid advancement in science and technology claim much of the responsibility for the economic prosperity and the budget surplus Congress is presently enjoying, and much of that advancement may owe its origin to funding decisions made decades ago. University research funded by the Defense Department developed the protocols that made the Internet possible and may have fundamentally changed the nature of the economy. It would be foolish to starve the next decades of similar innovation in other fields to achieve arbitrary...