Virginia has enjoyed budget surpluses in recent years, but not in its transportation budget.
Since the budget surpluses at the end of the 1990s, federal debt has exploded.
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Estimates of long-term federal budget surpluses are going up by the trillions of dollars.
Moreover, as budget surpluses mount, support for continued fiscal restraint is likely to erode.
Gone are the large projected budget surpluses that Mr Bush inherited a little over two years ago.
Mr Gore is more inclined to keep Medicare and Social Security solvent by spending budget surpluses on them.
If it is, he asks, why are Spain and Ireland, which ran budget surpluses in 2007, in trouble?
Rather than focus on social spending, he paid off International Monetary Fund (IMF) loans and produced budget surpluses.
Congress began making plans to spend the budget surpluses that economists were now projecting would continue for several decades.
And its prudent habits resulted in perennial budget surpluses and huge foreign reserves.
After a decade of rising oil prices and budget surpluses, Russia is running a deficit and looking to borrow money.
Capuano questions the purported budget surpluses, noting Social Security's contribution, and points to "emergency" spending measures that circumvent spending caps.
Allocating a portion of budget surpluses to debt reduction, as the President proposes, is a conservative strategy that makes sense.
In November's pre-budget report, the Treasury forecast much lower current-budget surpluses over the next four years than in the 2001 budget.
And the increase in forecast budget surpluses has anyway shifted the debate away from the old big-government-versus-small-government arguments of the 1980s.
Which in turn means that government has to run budget surpluses in the boom times in order to create that room.
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Mr Howard and his treasurer, Peter Costello, have run a tight ship, virtually eliminating national debt with a succession of budget surpluses.
But to get a genuine reduction in the debt burden over the next few years, the government needs to run budget surpluses.
We are on course for budget surpluses for the next 25 years.
Under President Clinton, he presided over three budget surpluses in a row.
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There is currently a bipartisan consensus that the Social Security and Medicare budget surpluses will not be touched in spending and tax decisions.
Its government entered the crisis with budget surpluses in 2006 and 2007 and an unusually low level of debt, 38% of GDP, in 2009.
The other troubled economies were running budget surpluses over that period.
During his first tour at OMB under President Clinton, Jack was the only budget director in history to preside over budget surpluses for three consecutive years.
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The soldiers came home, the governments reduced the borrowing and the spending (the UK actually ran budget surpluses for several years) and yet the economy boomed.
Demos will accrue 4% interest until redeemed, and the redemption of demos will have the first claim on our primary budget surpluses, when they start to occur.
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Harsh as it seems after years of belt-tightening, the best thing to do with the budget surpluses may be to bank them, by paying down government debts.
Inflation certainly helped reduce America's government-debt burden after the second world war, but far more of the shrinkage came from strong GDP growth and primary budget surpluses.
Those issues include the proposed national tobacco settlement, NATO expansion, what to do with projected budget surpluses, and substantive changes in how the nation finances its political campaigns.
This rule helped lead to the budget surpluses of the 1990s, and it's one of the most important steps we can take to restore fiscal discipline in Washington.
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