And whatever its size, the surplus does not eliminate the need to wrestle with two issues that are among the Legislature's most contentious: how much to exceed the state spending cap and whether to institute the so-called millionaire's tax.
It was there that he wrote that the best way to gauge the effect of a fiscal policy — say, a given rate of taxation and spending — was to ask not what size budget surplus or deficit would actually result, but rather what the outcome would be if the economy were running at, or nearly at, full employment.
The best option for resuming sport air racing seemed to be in the development of formula racing (competitions organized according to factors such as engine size), using surplus military aircraft, which could be bought quite cheaply, and small, fast planes built specially for racing.
Some centrist Democrats and Republicans want the tax cuts tied to the size of the surplus so they can be automatically scaled back should the surplus turn out to be less than expected.
-- Is, in your way of thinking, considering the size of the surplus and the other claims that you are aware of on this surplus, would it be reasonable for us to seriously consider the president's proposals in terms of tax reduction here in the United States Congress?
The true size of any surplus is debatable.
The Japanese are lambasted for the size of their surplus.
The debate over the Bush budget has obscured the importance of the size of the surplus compared with the decline in maturing debt.
The White House's proposal is certain to set off a partisan, election-year clash over spending levels, tax cuts and how to define the size of the surplus.
How can the era of big government be over when his budget would create close to $350 billion in new government programs?" The first battle will be over the size of the surplus.
