Word: evening
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Dates: during 2000-2000
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...even, for a time in the 1950s, called the "youngest existentialist," a term that literally sent his determinedly unsophisticated creator to the dictionary...
...credits to be allowed to expire, which they won't. (And a real, multi-year recession would of course make those surpluses disappear very fast.) But an extra $1.4 trillion is a heck of a lot of breathing room, and Democrats will be hard-pressed to argue that even Bush's now-enlarged proposal (it's $1.6 trillion from 2002-2011 instead of the old $1.3 trillion from 2002-2010) will break the fiscal bank...
...told Congress that he prefers tax cuts to new programs, as long as they don't flood a thriving economy with cash and pose an inflation risk. (By his own job description, Greenspan's main obsession is fighting inflation.) But Greenspan is fully aware that this business cycle, even in its current flattened form, is closer to the trough than the apex, and that's largely his doing. Tax cuts may not be the answer to the slowdown, but they probably wouldn't hurt...
...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...
...incoming Republican president his pet project, as long as Bush is both sensible and polite about it. After putting Clinton (and himself) in the Fiscal Policy Hall of Fame, though, he's not going to rubber-stamp a tax cut because George Bush's son asks him to, even if young George sends mutual friends to do the asking. Greenspan has a legacy of his own to worry about...