Fair and Balanced
New member
surplus for Republicans? A couple years of budget surpluses and Republicans projected they would last forever. And NOW look where we are!
Ever heard of the Heritage Foundation? Here's what they had to say in Feb 2001:
"Under current policies, the federal government will collect $2.9 trillion more in tax overpayments than it will be able to use to pay down national debt held by the public.4 This money must be spent by the federal government, invested in the private sector, returned to taxpayers, or some combination of all three. Regrettably, many policymakers have advocated allowing the federal government to invest these excess balances in the private sector. This would be a formula for disaster, which would threaten the economy as well as the retirement security of all Americans.5"
http://www.heritage.org/research/reports/2001/02/growing-surplus-shrinking-debt-the-compelling-case-for-tax-cuts-now
Ever heard of the Heritage Foundation? Here's what they had to say in Feb 2001:
"Under current policies, the federal government will collect $2.9 trillion more in tax overpayments than it will be able to use to pay down national debt held by the public.4 This money must be spent by the federal government, invested in the private sector, returned to taxpayers, or some combination of all three. Regrettably, many policymakers have advocated allowing the federal government to invest these excess balances in the private sector. This would be a formula for disaster, which would threaten the economy as well as the retirement security of all Americans.5"
http://www.heritage.org/research/reports/2001/02/growing-surplus-shrinking-debt-the-compelling-case-for-tax-cuts-now