Concurrent Resolution on the Budget for Fiscal Year 2003: Hearings Before the Committee on the Budget, United States Senate, One Hundred Seventh Congress, Second SessionU.S. Government Printing Office, 2002 - 656 pages |
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Page 1
... trillion over the period of 2002 through 2011. Now we see that that has been dramatically reduced to $ 1.6 trillion , a $ 4 trillion deterioration in projected surpluses . Surplus Declines by $ 4 Trillion in One Year Change ( 1 )
... trillion over the period of 2002 through 2011. Now we see that that has been dramatically reduced to $ 1.6 trillion , a $ 4 trillion deterioration in projected surpluses . Surplus Declines by $ 4 Trillion in One Year Change ( 1 )
Page 2
... Trillion in One Year Change in Unified Surplus ( FY 2002-2011 ) S in trillions $ 5.6 2005 $ 5 SO January 2001 $ 1.6 January 2002 Spurco Congressional Budget Office . I want to be quick to point out that you warned us very clearly of the ...
... Trillion in One Year Change in Unified Surplus ( FY 2002-2011 ) S in trillions $ 5.6 2005 $ 5 SO January 2001 $ 1.6 January 2002 Spurco Congressional Budget Office . I want to be quick to point out that you warned us very clearly of the ...
Page 3
... trillion in 2001-06 1999 2001 2003 2005 There were some of my colleagues who told me that the $ 5.6 tril- lion of projected surpluses was understated . I remember many of my colleagues , some of them on this committee , who told me re ...
... trillion in 2001-06 1999 2001 2003 2005 There were some of my colleagues who told me that the $ 5.6 tril- lion of projected surpluses was understated . I remember many of my colleagues , some of them on this committee , who told me re ...
Page 6
... trillion SO - $ 1.1 trillion January 2001 Sources Congressional Budget Office January 2002 The consequences of these fiscal mistakes are serious and , unfor- tunately , long - lasting . Last year we were told that we would be debt free ...
... trillion SO - $ 1.1 trillion January 2001 Sources Congressional Budget Office January 2002 The consequences of these fiscal mistakes are serious and , unfor- tunately , long - lasting . Last year we were told that we would be debt free ...
Page 7
... trillion over what we were told last year . Instead of $ 600 billion of interest cost over the forecast period , we now see interest cost to the Federal Government of over $ 1.6 trillion . And despite the Presi- dent's pledge , which ...
... trillion over what we were told last year . Instead of $ 600 billion of interest cost over the forecast period , we now see interest cost to the Federal Government of over $ 1.6 trillion . And despite the Presi- dent's pledge , which ...
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Common terms and phrases
Administration Administration's alternative minimum tax American Amtrak baseline believe benefits billion bioterrorism capital CBO's Chairman CONRAD committee Concord Coalition CONGRESS THE LIBRARY Congressional Budget Office Corps cost CRIPPEN DANIELS debt defense deficit discretionary spending dollars economic growth effect Enron estimates Federal Government fiscal year 2003 forecast future going GREENSPAN gross domestic product highway homeland security impact improve income increase infrastructure interest rates investment issue January long-term look Medicaid ment military Northeast Corridor On-budget operations outlook percent of GDP prescription drug President President's budget priorities projects proposed question recession reduce reform revenues Secretary THOMPSON Security and Medicare Senator BYRD Senator CORZINE Senator DOMENICI Senator STABENOW September 11 Social Security Trust statement stimulus surplus talking tax cuts Thank things tion trillion war on terrorism
Popular passages
Page 207 - America ; to maintain law and order ; to foster and perpetuate a one hundred per cent Americanism ; to preserve the memories and incidents of our association in the Great War ; to inculcate a sense of individual obligation to the community, state and nation: to combat the autocracy of both the classes and the masses, to make Right the master of Might; to promote peace and good will on earth ; to safeguard and transmit to posterity the principles of justice, freedom and democracy ; to consecrate and...
Page 276 - It's not surprising then that both the Congressional Budget Office and the Office of Management and Budget project deficits for this year and next as a result of the economic slowdown and the response to the September 11 attacks.
Page 324 - The United States of America will not permit the world's most dangerous regimes to threaten us with the world's most destructive weapons.
Page 379 - FY 2003 budget also provides $5.5 billion for research on cancer throughout all of NIH. Currently, one of every two men and one of every three women in the United States will develop some type of cancer over the course of their lives. New research indicates that cancer is actually more than 200 diseases, all of which require different treatment protocols. Promising cancer research is leading to major breakthroughs in treating and curing various forms of cancer. Our budget continues to expand support...
Page 383 - B deductible. We must make these improvements to more effectively address the health needs of seniors today and for the future. Let me assure you, the President remains committed to the framework he introduced last summer, and to bringing the Medicare program up to date by providing prescription drug coverage and other improvements. We cannot wait; it is time to act. Recognizing that there is no time to waste, the President's budget also includes a series of targeted immediate improvements to Medicare....
Page 379 - Our fiscal year 2003 budget enhances support for a wide array of scientific research, while emphasizing and supporting research needed for the war against bioterrorism. NIH is the largest and most distinguished biomedical research organization in the world. The research that is conducted and supported by the NIH offers the promise of breakthroughs in preventing and treating a number of diseases and contributes to fighting the war against bioterrorism. The...
Page 80 - In most cases, businesses required that new investments pay off much more rapidly than they had previously. For much of last year, the resulting decline in investment outlays was fierce and unrelenting. Although the weakness was most pronounced in the technology area, reductions in capital outlays were broad-based. These cutbacks in capital spending interacted with, and were reinforced by, falling profits and equity prices. Indeed, a striking feature of the current cyclical episode relative to many...
Page 527 - Ultimately, we should strive to hand to the next generations the legacy of a government that is effective and relevant to a changing society — a government as free as possible of outmoded commitments and operations that can inappropriately encumber the future.
Page 343 - Instead of maintaining two occupation forces, we will place greater emphasis on deterrence in four critical theaters, backed by the ability to swiftly defeat two aggressors at the same time, while preserving the option for one major offensive to occupy an aggressor's capital and replace his regime. Since neither aggressor would know which conflict would be selected for regime change, the deterrent is undiminished. But by removing the requirement to maintain a second occupation force, we can free...
Page 279 - AMT, and checks to those who didn't benefit from last summer's tax rebates — enjoy bipartisan support in both houses of Congress. I'm eager to work with all of you to complete work on a package to create jobs and assist dislocated workers with extended unemployment benefits and temporary assistance with health care. Second, the President's budget proposes strict fiscal discipline— increasing spending for national security and homeland defense, and holding the line on other spending. His management...