Word: surpluses
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...Back to Wednesday for a moment: The White House?s private accounting firm, otherwise known as the Office of Management and Budget, releases its budget numbers, which are expected to confirm the hair?s-breadth $1 billion non-Social-Security surplus that the OMB?s number-crunchers salvaged with some fancy accounting tricks last week. (Bush gives a working-vacation preview from Missouri on Tuesday, which will be a garbled salvo to the Democrats trying to sacrifice his tax cut on the surplus altar...
...outcome that pro-lifers feared most--the compromise developed last month by Republican Senator Bill Frist of Tennessee, the only physician in the Senate, who has been an important Bush adviser on medical and health-care issues. Frist's plan would allow stem cells to be extracted from surplus embryos currently in stock and due for destruction in clinics and labs around the country, a supply that numbers between 100,000 and 1 million. Senate majority leader Tom Daschle, who was mildly critical of Bush's compromise, says he will introduce a broad stem-cell funding bill that could embrace...
...firm in town, the White House?s own Office of Management and Budget. By changing the way Social Security?s payroll taxes were calculated and moving the Postal Service from its traditional spot on the retirement fund?s ledger, Daniels? crew came up with a $4.3 billion Social Security surplus surplus. Thanks to this "more accurate accounting," Fleischer was proud to report, the budget would be balanced, and if the lock box got opened it would be the Democrats? fault, not George W. Bush...
...discretionary spending growth is set to top out at 6 percent. Not bad work with a Congress coming off the 8-percent pork-fest that was Clinton?s last budget - and with a boss who couldn?t resist making additional spending requests of his own. If the original budget surplus estimate had only held up, there would have been plenty...
...loyal Reaganites, of course, a $1.3 trillion government diet pill was a soft sell. The tax cut was the surplus, and Washington was well rid of all that tempting extra cash. But to keep doomsaying Democrats from overrunning the place in 2002, Bush needs to prove to moderate skeptics that a Republican could cut taxes, build missile defense, boost education and balance a budget that began the year in a $125 billion surplus. But that money has quickly vanished. The tax cut took $78 billion in tax receipts and the idling economy another $40 billion, and Bush and the Democrats...