For one thing, one of the wonderful things that we now have is instead of the huge budget surpluses that President Clinton left us with, we now have these huge deficits that we're going to be facing into the future.
Quotes about surpluses (16 Quotes)
But if they want to really think about the fiscal future of this country, then think about how we have moved from hundreds of billions of surpluses to hundreds of billions of deficits.
Back in those days, in the fifties and sixties, countries had balance of payment's deficits or surpluses, those were reflected much more than today in movements of reserves among countries.
Mr. Greenspan is at least partly to blame for the turnaround in the fiscal position here -- his musings on the problems of ever-increasing surpluses were a clear green light to Congress to cut taxes.
The challenge in the year ahead will be managing any surpluses that occur.
It takes four months to ship food aid and 40 percent of the cost is in the shipping. People cannot eat shipping costs. We have had people die when there are surpluses in the markets.
The surpluses present an enormous opportunity and one that we must not squander, ... We believe that the surpluses should be reserved until Social Security is placed on sound financial footing for the next century. After 2010, the huge baby boom generation will begin retiring which will put increased pressure on Social Security and it was on that basis that we reached the conclusion that nothing should be done with these surpluses until that problem is addressed.
The rich get richer. Not only because they have surpluses with which to invest, but because of the overriding emotional release they experience from having wealth.
We invested some R140 million to develop asbestos free alternatives in response to Government's request. It was frustrating to face increased competition from importers seeking to dump global surpluses on the SA market.
In the last four years, the Republican Party has turned record budget surpluses into the largest budget deficits in American history, deficits as far as the eye can see, ... Democrats believe that it's not only irresponsible -- but it is immoral as well -- to force our children and grandchildren to pay our bills by incurring this debt.
It's obvious the new finance minister has very little discretion over the next several years. The Conservative fiscal plan of election 2006 exhausted virtually all fiscal surpluses in sight.
China is not in pursuit of a trade surplus. On the contrary, the continuous growth in trade surpluses has become one of the major concerns of the government, as it helped increase China's foreign exchange reserves to US760 billion, which has begun to affect the national economy.
Simply put, Canada's balance of payments remains exceptionally strong. It is very tough to make the case that the Canadian dollar is wildly overvalued when the country continues to chalk up solid current account surpluses and net inflows in foreign direct investment.
The president is saying through his plan that by saving instead of squandering the surpluses brought on by our discipline and prosperity, we can address much of our long-term retirement challenge in a way that lifts that burden off our children and grandchildren.
International investors will always look for surpluses. If Canada continues to run surpluses, the fiscal program and a good economy and commodity prices will keep a luster on the Canadian dollar.
President Clinton was able to achieve budget surpluses despite a divided government.