Moreover, there is no assurance that the surplus will materialize as projected.
If the surpluses continue to materialize as projected, the national debt will be paid off by 2013, meaning there would be virtually no more Treasury bonds.
Mr. Gore emphasized his willingness to take some money out of contention for either tax cuts or additional spending, vowing to set aside $300 billion of the projected surplus over the next 10 years in case the surplus does not materialize as projected.
Assuming that the federal budget surplus materializes as projected over the next 10 years -- by no means a given -- the next president will have an opportunity to apportion trillions of dollars, something none of his recent predecessors has enjoyed.
More important, Democrats said, Republicans have shown once again that their main goal is to provide tax breaks to upper-income people, even if doing so requires gambling the country's economic future on what the minority described as the dubious proposition that the surpluses will materialize as projected.
If the surplus materializes as projected, if the candidates have not underestimated the cost of their proposals, if Congress does not pass any expensive initiatives of its own, if nothing unexpected happens in the next decade to put new demands on the nation's finances, then their numbers, at least as they present them, would basically add up.
Alan Greenspan, the chairman of the Federal Reserve, gave his blessing to a substantial tax cut but warned that it should not be so big that it would plunge the government back into deficit if the federal budget surplus fails to materialize as projected.
Alan Greenspan, the Federal Reserve chairman, gave his blessing today to a substantial tax cut, but warned that it should not be so big that it would plunge the government back into deficit if the federal budget surplus fails to materialize as projected.
It goes without saying that if the sales forecast was inaccurate and sales do not materialize as projected the payback on the project may not happen.
J.B.: The main reasons are that in the poor countries, particularly in Africa, the fertility declines that they had expected are not materializing as rapidly as they originally projected.
Other perks have already started to materialize as well.
