Word: surpluses
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...years, I have been saying that the U.S. Budget cannot be balanced over an extended period of time in the absence of a trade surplus. Now I am making the following challenge to all economists and proponents of a balanced budget: $200,000 to the first person who explains why the article "Analyzing the Economy with Poker" is incorrect in a broad sense. This article, which is available without charge by calling 800-666-3903 or writing to Box 7634, Beverly Hills, CA 90212, explains that a) there are essentially three types of wealth: real assets, stocks...
...against charges that it has squirreled away more than $1 billion that it had received, but never spent. The NRO, a Pentagon-CIA hybrid that operates under a secret "black" budget, explained that its satellite projects often take several years to complete and thus may produce a large budget surplus in any given year. "Congress has long had a dispute with the Defense Department over unspent funds," says national security correspondent Douglas Waller. "Agencies sometimes find themselves physically unable to write the all the checks for the money they are appropriated." The NRO says it has never spent money...
Under the plan, OIT will no longer set telephone rates to guarantee an annual surplus of $1.5 million. A task force will decide how high new, competitive rates should...
Despite the talk of budget cuts, Reeves stillmanaged to strike an optimistic note, callingCambridge "an enchanted city in the Athens ofAmerica" and boasting of its $16 million annualbudget surplus...
Under the plan, OIT will no longer set telephone rates at a level to guarantee an annual surplus of $1.5 million. A task force will decide at what level new, competitive rates should...