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GOODBYE TO ALL THAT.(The Great Unraveling: Losing Our Way in the New Century)(Book Review)

The New Yorker

| September 15, 2003 | Cassidy, John | COPYRIGHT 2003 All rights reserved. Reproduced by permission of The Condé Nast Publications Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Government actuaries, like observant Jews, celebrate the New Year in the fall. In September, 2000, when the books closed on the fiscal year, the federal government had the biggest budget surplus in history, and it was predicted that the accumulated surplus for the next decade would be more than five trillion dollars. The big question during the election was what to do with the money; Al Gore, as you may remember, called for it to be put in a "lock box" for retirement benefits, while George W. Bush said that some of the money ought to be put back in Americans' pockets. Three years later, it all sounds like a debate between pre-Copernican astronomers. In the fiscal year ...

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