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A private research group said Tuesday that Americans' mood darkened further in July as worries about job security offset any enthusiasm about the resumed stock market rally that has helped bolster retirement accounts.
Total federal spending should then be frozen until the budget is balanced, with essential spending increases for programs like Social Security offset with the termination of outdated or inappropriate programs that no longer serve a desirable function.
Right before a key procedural vote on Wednesday night, proponents of the bill agreed to cut the Social Security offset in an effort to garner support from more Democrats, according to a Democratic leadership aide.
on Thursday questioned the Senate's judgement in bringing forward a long-term bill instead of what the House passed, singling out the Social Security offset as one of the many provisions she opposed.
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And Republicans object that transferring general revenues to Social Security to offset the tax cut makes the program more like welfare, and worsens the federal budget deficit.
The $7 billion agreement signed last month — to produce six million tons of soybeans a year — is one of several struck in recent weeks as China hurries to shore up its food security and offset its growing reliance on crops from the United States by pursuing vast tracts of Latin America's agricultural heartland.
It typically sells domestic securities to offset the dollar assets it buys.
At its PaineWebber division, Mr. Wuffli said that strong profits from municipal securities trading offset a decline in fee income caused by decreased trading volumes, making performance relatively flat.
WASHINGTON - The last time an incumbent president faced re-election, George W. Bush exploited social and national security issues to offset his economic vulnerabilities.
Page A16 FROM THE BUSH PLAYBOOK Over the next year, President Obama will try to exploit social and national security issues to offset his economic vulnerabilities.
Conservatives, in particular, not so secretly believe that the real program will involve drastic cuts in social spending to make room for reductions in income and estate taxes, and large cuts in Social Security benefits to offset the diversion of taxes into private accounts.
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