QUOTE : As the US presidential changeover from Clinton to Bush Jr demonstrated, budget surpluses can serve as a pretext for tax cuts that generate new deficits, which then require further spending cuts to restore the surpluses. The interplay between tax and spending cuts shows that the balancing of budgets in the consolidation state is not pursued for its own sake but, as part of a programme of privatization and liberalization, is intended to bring about a general rollback of the state and its intervention in the market.