Word: budgeteers
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Dates: during 2000-2000
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...Democrats are also planning to stick to the argument that a big tax cut means you can forget about using the burgeoning federal budget surplus to pay down the national debt. In an adroit bit of political gamesmanship, Bill Clinton played up the goal of debt elimination last week when he unveiled new White House budget calculations that show the total surplus over the next 10 years rising to nearly $5 trillion, an $800 billion increase over the last estimate issued just six months ago. ?We should be shooting for a debt-free America by the end of the decade...
...home a deal that includes the Haram al-Sharif and tackles the very touchy refugee problem to his own hawks' satisfaction, he'll go down in Palestinian infamy and quite possibly be blown up himself by militants. Or so he says. This is Middle East peace, not some Beltway budget battle, and Arafat is under some very serious pressure to come out on top at the negotiating table...
...First, we can afford it. Despite the gloomy economic outlook in the short term, reinforcements are coming. In February, the Congressional Budget Office announces a new 10-year surplus projection that is already expected to add up to $6 trillion. That's $1.4 trillion more than the current figure...
...Bush's people will remind Greenspan that giving back $1.6 trillion in tax cuts sure beats $1.6 trillion in new spending, and that if the budget gets tight a few years hence, a tax cut is a lot easier to ditch than an entitlement. And with the CBO's accountants drowning in black ink, taking the money off the table is a hedge against the bloated budgets of the future. Heck, it might even perk up the markets a little bit in the meantime...
...Colin Powell, Condi Rice, Andy Card and Ann Veneman, the new Agriculture Secretary designate, all worked for Bush's father. Paul O'Neill, the Treasury designate, spent ten years as a budget whiz in Washington before working for International Paper and Alcoa. Mitch Daniels, the new budget czar, worked for Dick Lugar before going to Eli Lilly...