Actions can be taken now to encourage economic growth while implementing measures that reduce future deficits.
He said the trend could carry into 1990 and help reduce future deficits.
But that is often looked upon as the problem of a future Congress - a future deficit.
Republicans criticized the plan for not going far enough to reduce future deficits.
Social Security and Medicare face future deficits unless significant changes are made.
Making the tax cut permanent would greatly worsen those future deficits.
Moreover, emerging evidence suggests that the health care program will deepen our future deficits.
The remainder of the surplus would go into reserve funds to help meet future deficits and educational costs.
But with wit and will, Congress has all the tools it needs to bring future deficits under control.
Council officials said future deficits would actually shrink under their plan.