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In recognizing the origin of the surplus, Mr. Genuario sounded a sobering note, one that cautions against building a budget based on the windfall from capital gains.
This was a budget based on sound money, with robust figures.
Mr. Nussle said Mr. Rumsfeld was asking Congress to pass a budget based on "guestimates".
This is a budget based on rewritten history and false excuses.
"Build a budget based on what you can comfortably afford each month," Ms. McCrea said.
"The most important thing we did was to achieve a balanced budget based on realistic revenue assessments," he said.
If that failed, a contingency budget based on the previous year's spending would automatically go into effect.
This is not a budget based on irrational exuberance.But neither is it a budget free of gimmicks.
DO THE MATH Before you start hitting open houses, sketch out a rough budget based on the 28percentt rule of thumb, using a simple mortgage calculator.
"As the year grew on, country after country passed its national budget, based on the assumption we would still pay 25percentt," Mr. Holbrooke said.
"We anticipated and built a budget based on a recovery beginning earlier this year, January or February, and blooming into a full-blown recovery.
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