Word: surpluses
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...true market economy cannot emerge fully until the government does something about its ailing state enterprises. These decrepit firms, employing some 100 million workers, are swamped by debt, surplus labor and bloated inventories. Their out-of-date equipment and Marxist management, corrupt and incompetent, make them hopelessly uncompetitive. Half the 100,000 enterprises operate at a loss, and one-third barely turn a profit. At one time or another, half of all state employees have been furloughed or have had their pay or hours cut. Workers earn most of their income moonlighting for private firms...
While the department has made graduate student tutors available during the tutorial office's working hours, this system seems inefficient because it provides a surplus of available advice without providing advisers with whom students can develop a relationship. Within both the Yard and the House systems students are not provided with a residential concentration adviser who they can get to know well and who they are sure will provide continuity between one year and the next...
WASHINGTON, D.C.: President Clinton sent Congress a $1.69 trillion 1998 budget package Thursday containing much that even Republicans will find to their liking. The White House maintains that it is setting a course that will produce not only a balanced budget, but a modest surplus by the year 2002. Taking its cue from years of GOP initiatives, the budget promises $98.4 billion in middle-class tax cuts, mostly in the form of tax credits. Republicans and professional number-crunchers, though, reacted cautiously to Clinton's package, pointing out that it rests on rosy assumptions. What's more, most...
None of this ethical purity would have been possible without a $9 million surplus left over from the 1993 Inaugural. The rest of the $30 million cost will be offset by the sale of tickets and trinkets, like the $39.95 bronze medallion, featuring likenesses of Clinton and Al Gore, available from the qvc shopping channel. (During one brief three-hour segment, buyers phoned in orders for the commemorative item totaling, on average, $10,800 a minute.) But home shopping is at least democratic; the sale of tickets to special Inaugural events is not. Democratic donors won the right to purchase...
...Thanks to men like Kerrey and investment banker Pete Peterson, president of the Concord Coalition, more and more Americans understand that the Social Security "trust fund" is a myth. Every week's collection of Social Security payroll taxes first goes to pay benefits to today's retirees; then the surplus (currently about $565 billion) is immediately used to finance other federal spending. What goes into the "trust funds" is government ious that can be repaid only through some painful combination of spending cuts, tax hikes or further borrowing...