Republicans Counterattack On Budget Surplus Attacks
Republicans launch a television ad push to counter Democratic claims about a shrinking budget surplus. Jim Gilmore accuses Democrats of distortions while Terry McAuliffe cites Congressional Budget Office estimates showing Social Security reserves drawn down and a small non Social Security surplus forecast.
MENTIONED IN THIS ARTICLE
Washington
Bush
United States
Jim Gilmore
Republican National Committee
Congress
Terry McAuliffe
Gilmore
Virginia
Dick Gephardt
South Dakota
Senate
Tom Daschle
GOP
McAuliffe
Congressional Budget Office
White House
Mitch Daniels
Daniels
House
Dick Armey
Texas
Tax cut and weak economy shrink Social Security surplus
The nonpartisan CBO projects a 153 billion dollar budget surplus for the year ending Sept. 30, down 122 billion from May, with 9 billion diverted from Social Security this year to cover deficits. The decline accelerates as Bush's tax cut and a slowing economy reduce revenues.
MENTIONED IN THIS ARTICLE
Washington
Bush
Houston
John Spratt
D-S.c
House Budget Committee
Congressional Budget Office
CBC
White House
Congress
House
Dick Gephardt
D-Mo
CBO
Gephardt
Congressional
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