Word: surpluses
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WASHINGTON: In full it's-the-economy-stupid mode, Bill Clinton stood soberly before a blinking "surplus clock" Wednesday and boasted shamelessly about leading the U.S. out of decline and into prosperity. The U.S. government, he announced, is officially in the black for the first time in 29 years, to the tune of some $70 billion. For this, Bill wants your gratitude, and odds...
Even if staff members weren't so distracted, it would still be hard to put together a plausible strategy for dealing with Congress for the next six weeks, as both sides try to agree on how to spend about a trillion dollars next year. Clinton vowed that any budget surplus should be devoted to "saving Social Security first," and so he ruled out any new farm aid. But everything is negotiable now. It's "cash and carry," as one Democratic lobbyist put it. So when potential supporters come asking for money, Clinton is not in a very strong position...
Huidekoper said the University would begin totrim its endowment spending only after fiveconsecutive years of negative returns on the scaleof the recent losses. She added that Harvard couldtap into the surplus revenue from the past severalyears of high endowment growth...
Several panelists mentioned the grave threat of the coming winter. Allison said he thought European nations with a food surplus would send aid rations to Russia...
...comment was two-fold: first, a Democratic Speaker in a largely Democratic state should not be worried about a liberal agenda, and second, Scott Harshbarger is hardly a radical liberal dragging the party over a cliff. He favors an increase in education spending, but given the immense budget surplus we've enjoyed this year, his plan is not too far-fetched. Finneran, on the other hand, is almost Republican in his fiscal policies. Most notably, in July he quashed a bill which would have raised the minimum wage by 90 cents an hour. The bill had Democratic support, and even...