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"We've never had a debate about how to make decisions concerning a large, continuing surplus, and there are a number of big choices that we have to make".
A continuing surplus may, in fact, represent underutilized resources that could otherwise be contributing toward a country's wealth, were they to be directed toward the purchase or production of goods or services.
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Then, thanks to a booming economy and the 1997 deficit reduction agreement reached by a Democratic president and a Republican Congress, we achieved four straight years of balanced budgets and looked forward to continuing surpluses.
When President Bush took office in 2001, the federal budget had been in the black for three years, and continued surpluses were projected for a decade to come.
At the beginning of the 21st century, Germany's production of major agricultural products (e.g., grains, sugar, oils, milk and meat) exceeded domestic consumption, resulting in both exports and continued surpluses.
In 2012, continued surpluses resulting from sustained high oil prices and increased enhanced oil recovery allowed the government to maintain growth in social subsidies and public sector job creation.
This means aiming, at a minimum, for structural balance in their budgets; and more plausibly for continuing structural surpluses.
With the surplus continuing to pile up, Republicans remain as committed as ever to tax cuts.
But with the economy slowing and the federal budget surplus continuing to grow, opposition to tax cuts among Democrats is softening, and Democratic leaders are considering offering their own tax-relief packages, possibly built around a reduction in the bottom income tax rate of 15percentt.
Romney's spending was enabled by the post–World War II economic expansion that generated continued government surpluses and by a consensus of both parties in Michigan to maintain extensive state bureaucracies and expand public sector services.
The committee also professes to fear a shortage of normal Treasury securities as the government continues to run surplus after surplus.
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CEO of Professional Science Editing for Scientists @ prosciediting.com