Published in the San Jose Mercury News, Thursday,
July 16, 1998, page: 8A
"Budget Officials Revise Figures on Surpluses."
"The Congressional Budget Office (CBO) on Wednesday issued
relatively rosy revised figures showing a $63 billion budget surplus this
year and combined surpluses of $520 billion over the next 5 years.
Throughout the coming decade, the government will take in $1.6 trillion
more in revenue than it will spend, according to the revised report, or
nearly $1 trillion more than CBO officials forecast last January. Moreover,
the government will balance its books in 2002 for the first time without
drawing on the surpluses in the Social Security Trust Fund."
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