Word: surpluses
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...argument: One: never mind about the surplus - the tax cut was the surplus, and the people deserve it returned to them. Two: never mind about the tax cut - not only did the people deserve it, they needed it, thanks to the stumbling economy that he inherited from Bill Clinton. And three: never mind about what Democrats say we could have spent the money on instead - economic growth comes first, and that was what...
...sure enough, Wednesday the White House?s accountants at the Office of Management and Budget had the numbers to prove it: When $157 billion in Social Security money is set aside, the federal budget surplus for 2002 - thanks to some nifty accounting - stands at a cool $1 billion. In other words, everything?s perfect...
...Republicans try to give away their hard-earned tax receipts: Find "spending priorities" that Americans would have preferred to $78 billion in tax cuts for 2002, and convince them to take their remorse out on the Republicans. (The Dems don?t have anything specific yet besides the Social Security surplus scare, but Dick Gephardt will be waving a list before long...
Besides, there are some good reasons why long rates haven't budged. They fell sharply last year in anticipation of a weaker economy. The President's tax cut had a price too: it leaves less surplus to pay down the nation's debt, a condition that puts upward pressure on yields. Inflation--the scourge of fixed incomes--has doubled from its low 1.6% annual rate 18 months ago, lending heft to bond-pit suspicions that a recovery has taken root...
...November 1998, when he was just nudging 40, he not only succeeded in culling stem cells from "surplus" embryos created at fertility clinics but also kept them alive and reproducing indefinitely. In effect, he stopped their biological clocks by preventing the cells from morphing into different tissues, as they would in undisturbed embryos. In the jargon of cell research, they were immortal. Only a few days later, fellow stem-cell researcher John Gearhart of Johns Hopkins University published word that he had succeeding in cultivating a line of stem cells from the germ cells of aborted fetuses--though he graciously...