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A number of policies were implemented to reduce this surplus.
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German surpluses would usually generate appreciation in the German currency, which would eventually reduce the surplus.
Meanwhile, Mr. Bush's economists concede that his tax plan will reduce the surplus by $1.6 trillion.
Should the two sides reach agreement on the main provisions, they would effectively reduce the surplus to $1.27 trillion or less.
"You can't reduce the surplus by reducing exports, that would be nonsense," said Christian Dreger, an economist at the German Institute for Economic Research in Berlin.
Mr. Hoagland said the increase in discretionary spending for this year to around $647 billion -- about $20 billion more than the Congressional Budget Office assumed in calculating its latest surplus projection -- would reduce the surplus by $310 billion over 10 years.
And he can't make the supply-side claim that tax cuts actually increase revenues, when just two years ago he argued for a tax cut to reduce the surplus.
President Bush's proposed tax cut of $1.6 trillion over 10 years would certainly reduce that surplus and delay the market's demise -- but only for a few years.
Pouring vats of the two together and calling the result rosé, the theory goes, will increase consumption and reduce the surplus of reds and whites.
Is the U.S.D.A. buying $40 million worth of chicken products to reduce the surplus and raise retail prices the equivalent of war?
They don't want to see the village die out".Two other changes would be more likely to reduce the surplus of boys.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com