Word: trillion
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...Bush has really benefited from great timing - just look at the tax cut, which was not popular at all when he first introduced the idea during the campaign. Then the economy slows down, everyone's worried about hard times, and suddenly Bush has a $1.35 trillion tax cut set to be passed by Congress...
...earnings, gave lots of money to companies such as telecom start-ups that, in retrospect, shouldn't have been funded so richly. If you had a business card and were breathing, you could have got a loan. By June 2000, total borrowing by nonfinancial U.S. companies stood at $4.6 trillion, up 60% from five years before. Total household debt surged to $7 trillion, up nearly 50% in that time period...
...Except it's not working. All the home-state visits from Bush and back-room offers from Dick Cheney couldn't keep Republican moderates like Jim Jeffords and Lincoln Chafee to the party line on that $1.6 trillion tax cut, and in the end centrist Democrats like John Breaux felt little need to consider crossing over to the White House's way of thinking. The centrists called the compromise, and Tom Daschle, merely by slicing off 25 percent, was able to claim a victory...
...Democratic gloating about Tom Daschle's big goal-line stand on the tax cut, the number is still $1.2 trillion (and headed higher). Maybe a little rope-a-dope is what "compassionate conservatism" is all about...
...program would top $1 billion a year and would climb to $3 billion annually within five years; by comparison, Sachs says total annual U.S. aid to sub-Saharan African during the 1990s averaged just $150 million. But, Sachs points out, America's gross national product is now $10 trillion. So "each billion means one cent out of every $100 that America earns each year. We're advocating two cents to save 5 million lives." Given the stakes, it seems a small price to pay indeed...