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To: DebtBomb who wrote (12641)8/27/2001 10:41:59 PM
From: Teri Garner  Respond to of 208838
 
Tax Cut, Low Economy Worry Analysts

By CURT ANDERSON, AP Tax Writer

WASHINGTON (AP) - The sour economy and President Bush (news - web sites)'s tax cut will force the government to tap $9 billion in Social Security (news - web sites) reserves this year, congressional analysts concluded in a report Monday, igniting a bitter political fight over the dwindling surplus.

``Houston, we've got a problem,'' said Rep. John Spratt (news - bio - voting record), D-S.C., ranking Democrat on the House Budget Committee. He used the famous Apollo 13 line to underscore the pessimistic projections from the nonpartisan Congressional Budget Office (news - web sites). ``What we've got here is the hard job of adjusting the budget to reflect reality.''

dailynews.yahoo.com