Word: cuttingly
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Dates: during 2000-2000
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...TRILLION-DOLLAR HOLE By allowing workers to divert part of their payroll taxes to private accounts (Bush hasn't said how much this would be; the fraction his advisers throw around is one-sixth), Bush cuts the size of the Social Security surplus almost in half, reducing it about $1 trillion. And not using that money for debt reduction adds an additional $300 billion to the government's interest bill. These costs (along with his $1.6 trillion tax cut) mean it will take longer for Bush to eliminate the national debt, leaving less money in the future to guarantee Social...
Social Security's basic guarantees must not change, says Gore. So he proposes pouring more revenue into the program in order to fund the retirement of the baby boomers without having to raise payroll taxes or cut benefits. Since the Social Security system cannot keep big cash reserves of its own, Gore relies on a two-step process. He uses $3.5 trillion of the projected surpluses over the next 12 years to pay down the entire national debt; then he takes the resulting savings in interest payments (which by 2015 will amount to more than $220 billion a year...
...READ-MY-LIPS PROBLEM By promising never to raise the retirement age, cut benefits or raise payroll taxes, Gore banks on the surpluses created by the good economy to pay for the baby boomers' retirement. If the economy goes into recession, Gore will have a painful choice: go back on his word, or take money from the rest of the budget to pay for Social Security (which could mean raising income taxes, cutting spending in such programs as education and health care or running up annual deficits...
...delay freed Texas from having to spend billions of dollars in matching state grants, leaving enough money for Bush to pass $1 billion in tax relief in the 1997 legislative session. Two years later, he set his sights on even bigger tax cuts. To make the numbers work, Medicaid spending had to be contained. The Governor's office fought a bill to require automatic re-enrollment in Medicaid of kids still eligible after their parents were dropped from welfare rolls. And under pressure from Bush allies running the appropriations committees, Texas legislators accepted projections of a steep decline in patient...
...more than money. Ray had Medicaid until his mother got a job three months ago and stopped receiving cash aid. Rene Haros' income was low enough for her five children to remain eligible for Medicaid. But no one told her that unless she asked for it, they'd be cut off. To re-apply, she has to navigate a complex and intrusive process. She must go to an interview, fill out as many as 19 forms, reveal family assets and document everything from children's births to job histories of adult household members. Once approved, Ray's mother will have...