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Mr. Bush's overly generous tax cut plan would wipe out virtually the entire remaining surplus.
As a result, an ancient practice called gleaning – the harvesting of remaining surplus – is experiencing a resurgence.
Once some other issues were dealt with, the remaining surplus would be only $352 billion over 10 years, they concluded.
If the Social Security balance is stripped out of the 10-year budget projections, the candidates then propose to spend virtually all of the remaining surplus.
If Mr. Zandi is right, those moves will wipe out all of the remaining surplus and plunge the federal budget back into the red.
If we put Social Security and Medicare in "lock boxes," the remaining surplus amounts to $18 -- of which $16 will be used up by Mr. Bush's tax cut.
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Although the Congressional Budget Office projects that remaining surpluses will be $2.7 trillion over 10 years, these projections are notoriously uncertain.
But as many as half of those remaining at their posts remain surplus to requirements, and may yet lose their jobs.
Transfer-listed duo James Wesolowski and Kelvin Langmead, who both played a big part as the Posh won promotion from League One, remain surplus to requirements.
The demands of the Joint Chiefs would then swallow more than half the remaining budget surplus; even the CBO estimate would reduce the surplus by a third.It seems unlikely that the Pentagon would get as much as it wants, considering that reform of Social Security and Medicare would make huge demands on the remaining pie.
A return to surplus of about 0.2% of GDP was projected for 2020-21, he said, with the budget remaining in surplus to 2026-27.
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